How To Handle Negotiations After The Home Inspection?

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How To Handle Negotiations After The Home
Inspection?
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How To Handle Negotiations After The Home
Inspection?

• If your contract has an inspection contingency,
  it will outline how the negotiation will take
  place
• Once the home inspection is complete you can ask
  the seller to fix whatever needs repair.
• You can even ask them for credit for compensating
  future repairs.

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Ask For Credit For The Repairs

• You can ask for credit to compensate future
  repairs.
• If the seller agrees and you get credit and you
  take cash-back credit at close of escrow, you
  complete the repairs yourself.
• It will be better that the repair is handled by
  you because the job may be done better than
  getting the seller to do it.

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Keep Future Renovation In Mind

• If you have plans of renovating the bathroom in
  the future, you may not mind if the floor is
  slightly chipped, there's some need for caulking
  or if a faucet is leaking.
• But you can still negotiate for the repairs and
  ask for credit to save on your closing costs.

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Don't Disclose Your Plans

• During the inspection you should not disclose
  your renovation plans to the seller or listing
  agent.
• If the seller comes to know about your plans,
  they will keep that point in their mind.
• If you have plans of renovating the kitchen and
  you share the information with the home inspector
  in the presence of the listing agent, the seller
  is less likely to offer credit back to repair the
  kitchen floor or other damaged features.

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Seller's Response

• The seller will have 3 days to respond to your
  post-inspection requests.
• Accept your request
• Reject the request
• Provide an alternative
• If the seller rejects or makes an alternative
  proposal, you then have another 3 days to
  respond.
• Depending on your inspection contingency, you can
  decide whether to agree to the seller or
  terminate the contract.

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