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
Author:Chad Wingler 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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When it comes to providing the utmost in personal service to his clients, Peter Kima is on the cutting edge. This family man's demanding work ethic was passed on from his parents. His mother, a first generation German-American, forged a new life in a strange country. His father, who has not missed a day of work since 1972, led by example. Peter does not rest until he's done everything in his power to help you achieve your goals. As a husband and a father, his understanding of the importance of a family's home is reflected in his every move.
When Peter is not helping one of his clients, he can be found volunteering his time running a charity Lobster Bingo event, cooking burgers at the local Fire Station to benefit the children in the community, delivering dictionaries to every 3rd grade student in Wake County with his Kiwanis Club, collecting school supplies for the needy, or ringing the bell for the Salvation Army. His favorite pastime, however, is spending time with his wife, Jennifer, and their two sons, Cole (12) and Camden (9 going on 20!).
Peter has resided in Germany, California, Georgia, Indiana, Massachusetts, North Carolina, Oregon and Vermont. Having lived in North Carolina for over 10 years, Peter refers to North Carolina as home. Don't underestimate the value of Peter's moving experience. He and his team understand the rigors involved in making a family move. Rely on that experience to help you.
I have been helping buyers in the Raleigh Real Estate market for over
"Thank you for going above and beyond my expectations. You worked so hard for me. The day we saw 29 properties will always be one to remember. Through it all you put up with my indecision and craziness. However, thanks to your efforts and diligence Peter, I now have the home of my dreams. I cannot thank you enough. "