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How to Negotiate Repairs After a Home Inspection
Home inspection is a crucial step in the home-buying process. It allows you to identify any major repairs that may need to be done before you close on the house. If the home inspection reveals any repairs, you must negotiate with the seller to get them fixed. This can be a daunting task, but it's important to remember that you have the upper hand. After all, you're the one buying the house!
In this blog post, we'll walk you through negotiating home repairs like a pro. We'll cover everything from how to determine the fair cost of repairs to how to make a strong offer.
Why is it important to negotiate home repairs?
Home repairs can be expensive, so it's essential to negotiate with the seller to get them fixed before you close on the house. This will protect you from having to pay for unexpected repairs after you move in.
How to prepare for home inspection repair negotiation?
Before you start negotiating home repairs, it's important to be prepared. Here are a few things you can do:
Review the home inspection report carefully. This will help you understand the repairs that need to be done and the estimated cost of repairs.
Get quotes from multiple contractors. This will help you get a good idea of the fair cost of repairs.
Research the local housing market. This will help you determine what is a fair negotiating price.
How to determine the fair cost of repairs?
The fair cost of repairs will vary depending on the type of repairs needed and the home's location. To get an idea of the fair cost, you can get quotes from multiple contractors.
You can also use online resources to research the cost of repairs. For example, the National Association of Home Inspectors (NAHI) has a database of repair costs that you can access for free.
Common mistakes to avoid when negotiating home repairs
Don't wait until the last minute to negotiate. The earlier you start negotiating, the more time you'll have to agree with the seller.
Don't be afraid to ask for help. If you're unsure how to negotiate, you can ask your real estate agent for help.
Don't be emotional. It's important to stay calm and collected during the negotiation process. Getting emotional can make it difficult to think clearly and make good decisions.
Negotiating home repairs can be a daunting task, but it's important to remember that you have the upper hand. Following the tips above, you can negotiate home repairs like a pro and get the best possible deal.
If you need help with an experienced real estate agent who has excellent negotiation skills, I’m here to help.
If you need help negotiating home repairs, I'm here to help. I have over a decade of experience helping buyers and sellers negotiate home repairs successfully. Contact me at 703-346-2776 or Dan@Greetingsvirginia.com.
