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The day we signed our listing agreement we discovered the ice maker wasn't working. We emptied out a large chunk of ice, reset it and expected it to be working the next day. We discussed this with the realtor and decided we would get it fixed therefore we did not disclose it wasn't working. However, we have replaced 2 parts and are waiting for a third to come in and it still isn't working. We obviously want to be fair to the new owners, how do we determine what the fridge is worth at this point? I have seen numbers on depreciating an appliance for a rental, is it the same for a personal home?
Fridge is 4 years old. TIA! |
| Just call an appliance repair handyman. Shouldn't cost more than a couple hundred to fix, if that. |
Why not just buy a new fridge? You don't want to list the house that has a broken fridge. The buyers will eventually just ask you to replace it as part of the sales contract, so just do it now. |
| This is such a minor issue. Just tell the buyers and offer to give them a check for whatever you think is fair. |
| For this sort of thing just write a check for like $150 at closing. |
| Get a quote to replace the ice maker. It can be very expensive, like $400. But don't just assume it will only cost $150. |
$150
that doesn't being to pay for the fridge issue. As the buyer i would demand the value of a new fridge, it's clear the current one is past it's life expectancy. OP write a check for $500. |
| If you are going to do a rent back just but a home warranty and wait 30 days. Usually rent back buyers request home warranty |
| My Viking fridge had an ice maker issue I was in line and called service. They suggested I unplug it several hours and restart. Sometimes it resets mother board. It then took a 24-48 hours to reset. Damn thing started working again. |
OP you're subject line, and post are confusing. Subject line says SOLD, yet you're still talking about your listing agreement and working on repairing the fridge. Please define SOLD, so that we understand the exact status of your home. |
Its 4 years old! |
fridges should last more than 4 years??! |
The age of the fridge makes no difference! OP didn't disclose the issue with the fridge!! Therefore as the buyer I would demand the full replacement price for a new like-kind fridge. Why is this a hard concept to grasp, especially in this market! |
Woah calm down. On the contrary, in this market the buyer is lucky just to score a house- regardless of the ice maker status. Op- try unplugging like the person above suggested, if that doesn’t work you might have to get a repair man to come out and fix it. It shouldn’t be more than $500, I would guess around 350 which is what it cost for me about one year ago. Don’t stress about it. |
It’s not hard to understand. OP is talking about when the problem started, planned to fix it so didn’t disclose, house has sold but the repair isn’t complete yet. |