Information on Negotiating Home Inspections For Staten Island NY Homes

Sellers are not obligated to address issues identified in a home inspection. It is a negotiation process. Before evaluating inspection results, keep in mind that they typically include both issues discovered in the residence and additional recommendations from the inspector on improvements that can be made. Focus on the issues and not the upgrades since it is unfair to ask a seller to upgrade a property. If upgraded, the seller would be able to sell for higher than the current asking price. You will find information on negotiating home inspections for Staten Island NY homes below.

Selecting Items to Negotiate

Buyers should assess the list of items and pick what they wish to negotiate, taking into account some strategy. Asking for ever single minor repair may alienate a seller and affect the chances for success. If there is a major repair and several minor ones, it may be better to request that only the major one be handled by the seller. In cases where there is a long list of moderate defects, perhaps asking for the most important ones would be more successful than submitting an overwhelming full list. Buyers should detail a list in writing when submitting a request.

Possible Negotiation Results

Sellers then have the ability to either...

• Agree to address everything before closing.
• Offer to address a few of the repairs before closing.
• Offer to compensate the buyer (via a credit towards closing costs or a drop in price) in exchange for the buyer repairing the items themselves after closing.
• Refuse to do anything.

The negotiation process may continue several times until both parties agree to the terms. In some cases, agreement may not be achieved at all. If both parties remain on cordial terms, both can be more willing in the negotiation process. Whereas if one party feels alienated, agreement may be extremely difficult.

Information on Negotiating Home Inspections For Staten Island NY Homes

Neogotiation strategies should be considered with your real estate broker and should take into account every aspect of the transaction. Keep in mind that inspection reports cover both problems and general suggestions, and that attempting to negotiate upgrades is rarely successful. Inspections are not an way to renegotiate price but rather to address serious problems that were previously unknown. Respecting how the process works and the potential outcomes will hopefully contribute to both parties treating each other with courtesy and respect,... leading to positive outcomes. The above information on negotiating home inspections for Staten Island NY homes was prepared by Gregory Diaz and Gina Guerriero at S.I. Premiere Properties. Contact Gregory Diaz for additional information on negotiating buyer inspections and other steps in the home buying process.