- Ask the seller to make the repairs themselves.
- Ask for credits toward your closing costs.
- Ask the seller to reduce the sales price to make up for the repairs.
- Back out of the transaction (if you have an inspection contingency in place)
- Move forward with the deal.
What fixes are mandatory after a home inspection?
- Mold or water damage.
- Pest or wildlife infestation.
- Fire or electrical hazards.
- Toxic or chemical hazards.
- Major structural hazards or building code violations.
- Trip hazards.
Do sellers have to fix everything on home inspections?
Sellers have a legal obligation to either repair or disclose serious issues with the home
. If the repair request is a big one—and it’s not a surprise to them—they’re almost always going to be required to spring for the cost or lose the sale.
Can I ask seller to fix after inspection?
Can you negotiate with the seller after a home inspection?
Yes, you can
. The seller is not obligated to repair their home before they sell it, but they are required to provide certain disclosures depending on the state.
Do you have to fix everything before you sell your house?
The bottom line is, everything is negotiable when it comes to selling a house, so
as a seller, you don’t have to fix anything
.
How do you negotiate after inspection?
- Review the report with your real estate agent. …
- Prioritize repairs by cost and severity. …
- Don’t sweat the small stuff. …
- Request concessions for major items. …
- Get quotes from contractors. …
- Take the market into consideration. …
- Know what “as-is” means.
What are home inspection red flags?
Potential red flags that can arise during a property home inspection include
evidence of water damage, structural defects, problems with the plumbing or electrical systems
, as well as mold and pest infestations. The presence of one or more of these issues could be a dealbreaker for some buyers.
What things fail a home inspection?
- Problem #1: Rundown roofing. …
- Problem #2: Drainage issues. …
- Problem #3: Faulty foundation. …
- Problem #4: Plumbing problems. …
- Problem #5: Pest infestations. …
- Problem #6: Hidden mold. …
- Problem #7: Failing heating systems. …
- Problem#8: Electrical wiring.
What brings down property value?
If jobs are scarce in your locality, with
layoffs occurring and home ownership put in jeopardy
, values fall. Like a domino effect, fewer people can afford to buy a house. Owners lower their prices to compete in a diminished market.
What makes a house unsellable?
Factors that make a home unsellable “are the ones that cannot be changed:
location, low ceilings, difficult floor plan that cannot be easily modified, poor architecture
,” Robin Kencel of The Robin Kencel Group at Compass in Connecticut, who sells homes between $500,000 and $28 million, told Business Insider.
What adds most value to a house?
- Kitchen Improvements. If adding value to your home is the goal, the kitchen is likely the place to start. …
- Bathrooms Improvements. Updated bathrooms are key for adding value to your home. …
- Lighting Improvements. …
- Energy Efficiency Improvements. …
- Curb Appeal Improvements.
Can I lower my offer after inspection?
You can realistically negotiate for anything after a home inspection
, but getting the seller to agree to your terms is the real trick. You will need plenty of evidence such as pictures and repair estimates, as often a seller will actually be unaware of the defect in question.
What if a seller won’t budge?
If the seller will not budge on price, you could
be out the inspection and appraisal fees with nothing to show for it
. Try offering fair market value. … Ask your Realtor to find out if the seller has any other “hot buttons,” such as timing, rent-back, etc.
What happens if seller won’t make repairs?
If the seller does not want to make the repairs,
the deal is off and the buyer gets back the deposit
. Alternatively, if the repairs are above a certain amount, the buyer can exercise the right to withdraw without penalty.
What is a deal breaker in a home inspection?
What Are Home Inspection Deal Breakers? Home inspection deal breakers are
red flag issues found by licensed inspectors
. These issues are either too costly, too irreparable, or too time-consuming to fix. Some people will embrace inspection deal breakers because it saves them tons of money up front on the house.
What is a bad home inspection?
- Make the repairs: If you feel that the repair requests are reasonable and you can afford to complete them, this is usually the best course of action. …
- Give a credit: As we mentioned above, buyers are often amenable to a repair credit.
