Home Purchase Repair Negotiations

Home Purchase Repair Negotiations

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As a buyer specialist for the last 4 years in the greater Raleigh area, I have had the privilege of assisting more than 150 families with the purchase of a new home. Each one of those 150+ transactions have had their own unique twists and turns to them.  No matter how simple and straight forward they may have appeared, there was always something with every single one of them that made them different from the other.   There are items that do have some similarity from transaction to transaction and one of those items is repair negotiations.

Part of the purchasing process is for buyers of a home to have it inspected to see exactly what condition the home is in.  Based upon the findings of that inspection, the buyers have the right to negotiate repairs to be made with the sellers.  Unlike some states, here in North Carolina, repairs are not automatic.  In fact, the standard Offer to Purchase contract that is used actually states that when buying a home, the purchaser is buying the property in its current condition ("AS-IS") but also reserves the right to negotiate repairs with the seller based upon the findings of a home inspection.  

I always like to make sure that the clients I am working with understand that these are true negotiations.  In a home inspection, items that may be found can be very small such as loose electrical outlets that just need a screwdriver and some tightening or they can be more such as a cracked heat exchanger in the HVAC.  The spectrum of inspection items that show up can be vast.   The importance is to focus on items that actually matter to the home and to the function of the home.  I typically try to focus my clients on items that deal with water (plumbing and roofing), electrical, foundation, HVAC, and/or mold.  These tend to be the most costly items and well as ones that can mean the largest difference in a homes safety and function.  

In the past, I have been able to negotiate repairs for buyers with the sellers and get them most of if not all of the repairs they request.  The only problem that we sometimes run into is the method of repair.  If a repair is of major concern or consequence but to have the repair made would not be of inconvenience to the home owner, then it may be better to negotiate a financial compensation from the seller to the buyer in lieu of the repair.  This way, the new home owner will be able to have the repair made to their satisfaction and under their supervision.

Repair negotiations are just a small part of the overall buying process.  That is why it is vital for home buyers to have professional representation in the buying process like that of a buyer specialist.  If you are looking to purchase a home in the greater Raleigh area (Cary, Apex, Holly Springs, Fuquay Varina, Wake Forest,....) then please give the Kima Real Estate Group a call today.  We are here to help answer your questions and guide you through the buying process and make you a happy homeowner.  919-443-0200

Chad Wingler Headshot
Phone: 919-323-2616
Dated: February 15th 2016
Views: 503
About Chad: Buying a new house is one of the largest steps a person makes in their life; emotionally, physically...

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