If a coop that you are purchasing has an illegal electric outlet (in violation of contract), what is an appropriate amount to request as a credit to compensate the buyer at closing.


Comments

  1. I think it’s a legitimate question. A lot of people don’t feel comfortable doing even basic electrical work, and I can tell you that an electrician won’t even look at a small problem unless the cost is worth his while. I would definitely bring it up at closing (get a rough estimate if you can) and settle for half the cost. After all, you can’t know before you sign a contract if everything is up to code.

    BTW, as for the “let it go” faction…we ignored a disconnected radiator when we closed on our place. Turns out it will be at least a $500 job to install it correctly. Our bad…

  2. Is this something your inspector picked up and you put in the contract that it had to be repaired before closing?

    If yes, then maybe $100-$200 if that. If not, let it go.

  3. You haven’t said what’s illegal about it. Is it a regular outlet that shoudl be a GFI? On a circuit with other outlets when it should be a dedicated line?
    You should seek a concession in the amount it will cost you to correct the problem, but don’t expect to get the whole amount.