Navigating repair requests can be intimidating, but we’ll share a few helpful tips in this quick message.
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Although our local market is vibrantly active right now, a higher-than-normal percentage of deals are actually falling out of escrow. This phenomenon largely grows out of a misunderstanding of what should and shouldn’t be asked for in the home inspection process, so I’ll give some clarity to that today.
Above all else, any buyer is justified in asking about items pertaining to health and safety. Say a home inspector realizes that the electronic sensors for your garage door aren’t functioning properly; it goes without saying that this poses a health and safety risk—imagine if the buyer has small children or if the door were to come down on their vehicle.
Buyers should also be diligent when it comes to items that can’t be identified simply by doing a walk-through. An example of this could be a roof leak in the attic that, unless investigated further, you’d otherwise be unaware of.
As the buyer, if there are items that jump out at you during the walk-through, such as a loose floorboard or a broken window, be sure to include those repair requests with your initial offer. Don’t wait for the home inspection to uncover those issues.
Keep in mind that the buyer who makes an inordinate number of requests tends to be the one who causes the deal to collapse. To only make matters worse, many of those buyers are also working with inexperienced agents.
A lot of buyers look at the real estate transaction as being all business; they fail to take into account that it often possesses an emotional component for the seller, which can make negotiations tricky.
When there are varying negotiating styles and cultures involved, the request for repairs can be viewed as the final hurdle. Therefore, your agent should be capable and adept at making transactions such as yours go smoothly.
If you have any questions you’d like for me to answer in a video, give me a call at 630-452-1648. I hope to talk to you soon!