Who should decide how agreed repairs are completed after inspection negotiations


Who should decide how agreed repairs are completed after inspection negotiations
By Scott Rogers • October 18, 2017
One of my clients made an insightful comment recently, which was to point out that.... On home inspection repairs -- sellers usually have a short term fix mentality -- while buyers usually have a long term fix mentality. And, successfully negotiating agreed upon repairs after a home inspection can be a smoother process if we reflect on the difference in those perspectives. Inspector: Several roof shingles are missing, and the roof is past its life expectancy. Seller: Replace the shingles. Buyer: Replace the roof. Inspector: The air handler coils are dirty and the heat pump is reeaaallly old. Seller: Clean and service the heat pump and air handler. Buyer: Replace them both! These are a few extreme examples to start to show the differences in perspectives on repairs. Again, the important thing here is to recognize that a buyer and seller look at home inspection reports differently. A seller typically wants to minimize their repair costs while keeping the home sale on track. A buyer wants to make sure that any previously unknown property condition issues are addressed in a manner that is likely to prevent further near term maintenance needs in those areas. Both perspectives are reasonable, most of the time, depending on how it plays out related to specific deficiencies of a home. So, what is a buyer to do? A few thoughts.... Consider asking for a credit in lieu of repairs so that you can be in charge of how the repairs are made. If you are asking for repairs to be completed by the seller, be very specific about how you want them to be completed. Understand that it is not always reasonable to ask a seller to make a repair with a 10 year future in mind. Be willing to compromise with the seller to find a way to move forward on the home that you are, presumably, still excited to buy! Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 22, 2024 (unless otherwise noted).
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