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THE CHALLENGES OF A RQUEST FOR REPAIRS
I am teaching a class tonight on how to approach a Request for Repairs. The wonderful thing about taking on these kinds of endeavors is that it forces the teacher to brush up on the subject. I read some of my peers opinions as well as some well known websites. Each one gave some great insight. However, I thought it might be advantageous to combine them to one person's opinion of all aspects of this challenge.
First and foremost, this is almost all about managing expectations. For both buyers and sellers, I have my "spiel" fairly well thought out (as well I should after almost 20 years!). Here is some food for thought:
For sellers, it begins when the listing is taken. In the conversation of what to expect, there certainly should be a portion of it dedicated to the Request for Repairs. In summary, mine goes something like this:
Mr. and Mrs. Seller, after we have an accepted offer, the next most important step will be the buyers inspection and Request for Repairs. Now, you will note on the contract, the buyers are accepting your home in it's present, physical "as-is" condition. Having said this, you can assume that ... more
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