Negotiating after a home inspection can be a tricky process, especially if the inspection reveals certain defects or issues. Home inspections are often a major step in the home buying process and can sometimes lead to negotiations between the buyer and seller.
Here’s how to negotiate after a home inspection:
1. Request Repairs – Request that the seller fix any issues that were highlighted during the inspection. These could include structural issues, plumbing problems, electrical problems, and more.
Make sure that you are specific and that the seller understands what needs to be done to properly address the issue.
2. Request a Reduction in Price – If the inspection reveals major issues that can’t be fixed, you can ask for a reduction in the price of the house. This is a common negotiation tactic, but be sure to have a good reason for why you want a reduction.
3. Request a Credit – If the seller is unwilling to reduce the price, you can ask for a credit that can be used to fix the issues. This is a great way to repair the home without having to pay out of pocket.
4. Ask for Other Incentives – You can also ask for other incentives such as a home warranty or closing costs to be paid. These types of incentives can be used to sweeten the deal and make it more appealing to both parties.
5. Negotiate in Good Faith – Finally, remember to negotiate in good faith. Don’t make unreasonable demands or get overly aggressive during the negotiation process. Try to be reasonable and come to an agreement that both parties can live with.
By following these steps, you should be able to successfully negotiate after a home inspection.
Be sure to understand the issues that were identified during the inspection and make sure that the seller is aware of them. With the right approach, you should be able to come to a satisfactory agreement that both parties can agree too.
Your biggest purchase will likely be your home. Hire an experienced, licensed and InterNACHI Certified Professional Inspector that’ll look out for your best interests.
If you have questions, or to simply get a free home inspection quote, call: 404-981-4615