Home turn up issues all the time during home inspections. Most small manageable things but other times it’s something big. In order to save you some money and still get you the home of your dreams we found this article to help you negotiate with the homeowners to have them pay for them. We hope it helps!
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From the article:
Most would-be buyers and sellers believe the real estate ???deal??? is negotiated at the signing of the contract. By that point, the counteroffers have been made and the back and forth has happened, so it???s easy to assume that the deal will go on auto-pilot until closing.
The reality, though, is that in many cases, the deal-making and negotiations only start at the contract signing. Even in more competitive real estate markets, negotiations still happen once in escrow.
For example, if you???re a buyer, the property inspection or sellers??? disclosures ??? maybe the HVAC system has some issues ??? may prompt you to seek a credit. But where do you go from there?
Here are three tips for negotiating repairs after a home inspection.
1. Ask for a credit for the work to be done
The sellers are on their way out. If the property is moving toward closing, they???re likely packing and dreaming of their new home. The last thing they want to do is repair work on their old home. As a result, they may not approach the work with the same conscientiousness that you, as the new owner, would. They may not even treat the work as a high priority. If you take a cash-back credit at close of escrow, you can use that money to complete the project yourself. Chances are you may do a better job than the seller, too. Finally, if you get the credit, there will be less back and forth to confirm the work has been done.
2. Think ???big picture???
If you know you want to renovate a bathroom within a few years, then you likely won???t care that a little bit of its floor is damaged, that there???s a leaky faucet or that the caulking needs to be redone. These things will get fixed during your future renovation. However, the repairs are still up for negotiation. Asking the seller for a credit to fix these issues will help offset some of your closing costs.
Looking to get a mortgage? Then checkout this article about getting a home mortgage that could be of interest to you.
Read the entire article here: http://www.zillow.com/blog/negotiating-after-home-inspection-140771/