Our house has been on the market for 9 months and we finally got an offer for $5k less than we were asking. At this point we're a little desperate so we said we'd agree to drop the price and buy a 1 year warranty as long as they didn't ask for any repairs. Now that we've signed the contract they came back and asked for about $650 in repairs. I went back and checked and the contract the realtor drew up didn't have any kind of as-is clause in it. I should have made sure it was in there, but can't change it now.
What would you guys do? I am pissed that they went back on their word, but I am trying to be pragmatic about this. I really can't afford to keep making mortgage payments on the place indefinitely, but ultimately the cost of the repairs isn't going to matter one way or the other in the long run. Even if the house only sat for one more month that would still cost us more than the cost of the repairs, and we'd probably still end up having to do them for the next buyer. So I am thinking of counter-offering that we will make the repairs they've asked for in place of buying the warranty.
What I really want to do is tell them to go F themselves.
