Negotiating The Home Inspection Process

Negotiating The Home Inspection Process

By: Chris M Johnson - Your Property Man

Lexington, KY www.yourpropertyman.com

Many buyers forget that the price isn’t the only or the last negotiation point in a real estate purchase. There are a number of contingencies and processes that happen before closing, and one that frequently causes deals to evaporate is the inspection and repair negotiation process.

Inspections in a real estate deal encompass many property aspects:

  • Structure

  • Roof

  • Mechanical equipment

  • Plumbing

  • Electrical

  • Pests & insect infestation

  • Mold & other environmental hazards

  • Wells & water quality

  • Septic systems

While your deal may not require them all, and some may be combined and provided by a single inspector, it’s your realtor's job to help you to order the proper inspections, schedule them, and make sure that they’re completed on time. Failure to complete inspections and object to their results by deadline dates can result in the buyer’s inability to take any action based on the late results. Your realtor should make sure that this doesn’t happen!

Once an inspection is completed, there can be issues uncovered that you weren’t expecting and want to have addressed by the seller. This is a second negotiation in the contract process. Your realtor should go over inspection results with their buyers and prepare documents that are required to request seller action and corrections. Sellers do not normally have an obligation to undertake corrective action, so it becomes a critical negotiation, especially if the problems are significant.

Your realtor should be there to assist in these negotiations as, next to selling price, inspections and subsequent repairs are the biggest killers of real estate deals. Sometimes creativity needs to be applied to keep your home deal moving when the seller balks at your repair or corrective action requests. I maintain an extensive contractor list that can yield just the right contractor to get a job done at a price the seller will agree to.

The key to keeping a deal going with inspection problems is for your realtor to be involved every step of the way. It is our job to make sure that every resource is employed to keep your home purchase on track and gain every possible concession from the sellers.


Chris Johnson Headshot
Author:
Phone: 859-382-9398
Dated: February 4th 2020
Views: 173
About Chris: With over 3000 realtors (yes I said 3000!) in the Lexington Bluegrass Market Area, what makes me dif...

Property Search









RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Paddle Boarding In Vero Beach - PADDLING MADE EASY IN VERO BEACH
The Art Of Buying Fine Art In Vero Beach - The Art of Buying Fine Art - A few
Apr 1 2020 70307 1 - Home staging or decorating? 
Home Selling Tips For Homeowners - Click here:https:/

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Plum Tree Realty
9078 Union Centre Blvd #350
West Chester Township, OH
513-214-0578
513-318-0117

Other Locations