[quote=UCGal]Just cause it’s old doesn’t mean it’s going to fail in the next couple of years. It could, but it’s not necessarily going to.[/quote]
andymajumder, I agree with UCGal. I don’t see how you would have the leverage to ask for a credit from the seller in escrow unless your inspector was able to prove the heater didn’t work. If you really want the property and don’t want to insert a monkey wrench in the deal, why not just ask the seller for a home warranty?
You would be suprised at some of these older furnaces. For instance, it’s not uncommon for Gaffers & Stattler brand furnaces to last 40 years.
Now, if the property is in a high-foreclosure or higher-crime area or is otherwise in less than optimal shape and your agreed-upon price is not significantly under market, than I might get my inspector to elaborate further on his report and negotiate this item.
You didn’t state if you are buying the property for your principal residence.
