Negotiation After A Home Inspection

If you are selling your property and a home inspection has been done, sellers would normally get a list of request for repairs from potential buyers. Sellers are usually worried that when not acting upon the request, buyers would walk away and this would in turn cause for your property to be listed in the market for a longer time. This also means that when other buyers would look at how long a property has been listed in the market, they would automatically think that there is something wrong with it – what if there is just simply nothing wrong with it?

Here are some tips that you can do when dealing with negotiation after a home inspection:

1. Don’t accept repair request as it is - This does not mean that you should actually go ahead act on the request. While most home inspectors would recommend having something fixed, repaired or replaced, they would not actually recommend getting 2^nd opinion. Home inspectors are trained to do inspections as a general. It is best that you get a professional to look at certain system that has been said to not working during a home inspection, when you know that it has been working properly prior to the inspection. Just because a home inspector says that something would not work does not mean that it is true.

2. Call in the professionals to look at home inspection repairs – just as what was mentioned above, it is best to call in the professional to look at home inspection repairs. This is because they pretty much know exactly if there is something wrong with your complicated HVAC system, etc. Have them note on the invoice that there is nothing wrong as proof. This would also be an opportunity for your system to have a tune-up and you as a buyer, deal effectively with the repair issue for a lower cost instead of entirely replacing/repair something that did not need it.

3. Dealing with the very littlest repair request – It is inevitable for buyers to make even just the littlest or smallest repair request. This may sound silly but if you look at it the other way around, how much would the actual repair going to cost? More often than not, it will not cost too much. Rather than doing the repairs you can offer a credit to the buyer in hopes that resolves the issue. However, if the buyer insists on the repairs then make the repairs and move on with the closing.

On the other hand, buyers should also be aware that if you make too much repair request don’t be surprised if the seller would tell you to take the house as it is. There are also sellers who may be more willing to take a gamble and accept a more reasonable buyer that they can negotiate the property with. It is best to ask for repairs on major safety related issues instead.

4. Work towards common goals during negotiating home inspection repairs – as a buyer and a seller, they both have common goals. The buyer is to have a home ready when they move in and for the seller to sell their home. It is best to put yourself into each other’s shoes and work on towards achieving a common goal. Working together will allow for both parties to get the end result without any conflicts.

If you are selling or buying, make sure to contact a real estate professional to assist you with your home buying or home selling process to ensure smooth and guided transaction without any hassle.

Source: http://cincinkyrealestate.com/negotiate-home-inspection/