One of the most crucial parts of a real estate transaction is the Request for Repairs process which occurs after the Buyer completes all of their inspections and property investigations. This is a fulcrum point in the transaction and the way in which it is negotiated can be the difference between moving forward towards closing or cancelling the entire deal.
The inspector is typically looking for things that are major health and safety related issues or systems that aren’t functioning properly like electrical, plumbing, foundation, etc. We guide our clients through the process so that they understand what should be of concern, what is borderline, and what is unreasonable to request. Items we refer to as the “Home Depot” list, such as burned out light bulbs and scratches on the walls, are typically things we would not request of the Seller, instead focusing on the major issues with the home. Ideally we like to negotiate what is fair and reasonable for the Seller to take care of in the form of repairs, or in some cases a monetary credit in lieu of repairs.
Our ultimate goal is to protect our clients throughout the process while strategically negotiating a fair and reasonable result for all parties to feel comfortable in moving forward towards the closing, or conversely give our clients valid information to cancel the transaction and move on to find another home.
If you have any questions about the inspection process, or if you need real estate assistance of any kind, please don’t hesitate to reach out to us. We would love to be your real estate resource.
One Response to “What Can You Expect When You Request Repairs from the Seller When Buying?”
What should happen if the roof leaks shortly after sale and the seller hid this fact by not disclosing it?