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Negotiating after inspections have been done...

By
Real Estate Broker/Owner with Corcoran Legends Realty NYS# 10491202097

So here you are... you have an accepted offer on the house you want... and inspections have been done... and this is where the negotiations can break down very quickly:

As you know by now, no home is perfect, and not even brand-new construction is flawless.

During the inspection process, the inspector will tell you about the quality and condition of the exterior, interior, roof, windows, doors, floors, appliances, heating & cooling systems, electrical & plumbing, etc., and will bring up any other pertinent issues. The inspector will also make you aware if your future home is not up to current building codes and what should or needs to be done.

While sellers are usually not required to bring a house completely up to current local building codes they should at least correct issues that are outright dangerous or would prevent the sale alltogether.

However, to avoid losing the home of your dreams, try to negotiate a repair or price reduction only when a system is unsafe or is not working at all.

It's also best letting your agent do the talking and negotiating for you... it keeps things civil and business like... but make sure that your agent knows your wishes by heart and has quick access to you if a negotiation point has to be revised or needs to be discussed.

In the end, make sure that all repairs or conditions are agreed upon in writing. Some people might feel that a handshake is enough, but it's essential to be clear on paper of what is expected in the end, and when.

Posted by

Westchester County - Phyllis Lerner, Realtor

 



Phyllis Lerner, Realtor - Broker/Co-Owner - 914.438.3903
Westchester County NY - Real Estate Listings, Sales, Rentals & Services



Voted 2010 through 2023 FIVE STAR Real Estate Agent by Westchester Magazine

(Disclaimer: Any and all grammar, punctuation and spelling mistakes located within my blogs, web sites and any other content, are purely for your amusement and entertainment.) 

Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Coldwell Banker Realty

Hi Phyllis Lerner!

Thanks for a great post about repair negotiations following inspections!

We like your writing style!

We wish you great success with your blog posts and networking with other members of Active Rain!

We clicked the “Follow” button on your profile so that we will be alerted to your future blog posts and can read and comment on them, and we invite you to "follow us" - should you be interested. There is no requirement or obligation for you to do so, but we would be honored if you choose to do so!

Aug 01, 2016 05:46 AM
Phyllis Lerner call 914.438.7556
Corcoran Legends Realty - Tarrytown, NY
Corcoran Legends Realty

Thank you for taking the time to read my blog...

Aug 01, 2016 05:56 AM