Real Estate
How to Negotiate Repairs After a Home Inspection
You’ve found your dream home, but the inspection report reveals some issues. Now what? Negotiating repairs can feel daunting, but with a strategic approach, you can address necessary fixes without derailing the sale. Here’s a step-by-step guide to help you navigate this process smoothly.
Step 1: Focus on Major Issues
Start by reviewing the home inspection report carefully. Identify significant problems that affect the home’s safety, functionality, or value. Examples might include:
- A leaking roof.
- Outdated or faulty electrical systems.
- Plumbing or HVAC issues.
These are priority concerns worth addressing in negotiations, as they can lead to costly repairs. Cosmetic issues, such as scuffed paint or minor wear and tear, are typically not worth negotiating unless they’re part of a larger agreement.
Step 2: Leverage Your Real Estate Agent
Your real estate agent is a vital partner during this stage. Based on the inspection findings, they can help you craft a well-reasoned repair request. For instance, if the report highlights a major safety hazard like a damaged gas line, your agent can guide you in presenting it as a critical issue that must be resolved.
Agents also understand local market conditions and seller behavior, helping you balance asking for necessary repairs and maintaining a positive negotiation dynamic.
Step 3: Submit a Clear, Fair Repair Request
When presenting your repair request to the seller, be clear and specific. If available, outline the issues identified in the inspection report and provide supporting evidence, such as photos or professional repair estimates.
Keep your tone collaborative rather than confrontational. Sellers are more likely to respond positively to reasonable requests than to ultimatums. Be prepared for the seller to counter your request, suggesting alternatives like:
- Splitting repair costs.
- Offering a credit at closing so you can handle the repairs yourself.
- Lowering the asking price to offset the cost of repairs.
Flexibility is key. For example, if the seller agrees to fix the HVAC system but not the roof, consider the value of the compromise and decide whether it’s acceptable.
Step 4: Prioritize What Matters Most
You don’t need to win every point in the negotiation. Focus on the most important repairs to your safety, comfort, and financial stability. Consider taking on the repairs after you close on the home for less critical concerns.
Step 5: Get Everything in Writing
Once you and the seller agree, ensure all agreed-upon repairs or credits are documented in writing. This can be done through an addendum to the purchase contract, specifying what the seller will address before closing or how costs will be handled.
Keep the Process Positive
Negotiating repairs can feel like a tug-of-war, but keeping the tone collaborative and solution-oriented will help. Most sellers want the sale to go through as much as you do, so aim for an outcome that works for both parties.
With the right approach and the guidance of your real estate agent, you can navigate the repair negotiation process successfully and move closer to owning your new home.
