How to Negotiate Home Repairs Before Closing
Negotiating home repairs before closing can be an important part of the home buying process. Here are some tips for negotiating home repairs before closing:
Get a Home Inspection
Before you start negotiating, it’s important to get a thorough home inspection. A professional inspector can identify any issues with the property that need to be addressed.
Prioritize Repairs
After you receive the inspection report, prioritize the repairs that are most important to you. Focus on repairs that are critical to the safety, structure, or livability of the home.
Request Repairs
Once you’ve identified the repairs you want, submit a repair request to the seller. Be specific about what repairs you want done and include a deadline for completion.
Consider Alternatives
If the seller is unwilling to make the repairs, consider asking for a credit towards closing costs or a reduction in the sale price. This can give you the flexibility to make the repairs yourself after closing.
Get Quotes
If you plan to make the repairs yourself, get quotes from contractors so you can estimate the cost of the repairs. Use these estimates as a negotiating tool to help you get a better deal on the property.
Work with Your Agent
Your real estate agent can help you negotiate repairs with the seller. They can provide guidance on what repairs are reasonable to request and help you navigate the negotiation process.
Be Flexible
Remember that negotiations are a two-way street. Be willing to compromise and negotiate in good faith. You may not get everything you want, but you can still come to a mutually beneficial agreement.
Get Everything in Writing
Once you’ve agreed on repairs or a credit, make sure to get everything in writing. This should include a deadline for completion of the repairs, who will be responsible for making the repairs, and any financial agreements.
Follow Up
After the repairs have been completed, follow up with the seller to make sure everything has been done to your satisfaction. If there are any issues, address them as soon as possible.
Stay Focused on the Big Picture
Remember that negotiating home repairs before closing is just one part of the home buying process. Stay focused on the big picture and don’t let minor repairs or issues derail the purchase of your dream home.
Conclusion
Negotiating home repairs before closing can be a complex process, but it’s an important step to ensure you’re getting a safe and livable home. Work with your real estate agent, prioritize repairs, be flexible, and get everything in writing. By following these tips, you’ll be able to negotiate repairs with confidence and get the best possible deal on your new home.
