You may need to think about repair amendments during the course of buying a home. Your agent will prepare your repair amendments for you, but as a buyer it pays to understand the inspection process.
- After your inspection and your review of the inspection report, you'll probably have a laundry list of items that you want fixed in order to continue with the purchase of this home. We understand anyone's desire to have everything perfect in their new home, but the reality is that all homes have items that can or should be fixed. Even the inspection on a brand new home will turn up items that need to be corrected. The intent of the inspection is to ensure the home does not have any structural issues and/or safety issues.
- Decide what matters most to you and what can be negotiated by both parties to create the magical win-win situation.
- Take a look at the big picture. What items do you feel are the so-called "deal killers" those items you cannot see past and will cause you to walk away from the home. Typically these are big ticket items like roofs & HVAC units or health and safety issues.
- Every homebuyer is different & what you might consider a nogo, the next homebuyer might not even flinch at all. It all depends on your needs and comfort level.
- As well as your needs, you'll need to consider where the seller is coming from. Did they just take a really low offer from you on the home? Are they trying to move quickly due to a relocation? Are they assisting in your closing costs? There are so many factors to consider and your real estate agent can help you see some of the potential pitfalls to the negotiation before they even happen.
- The goal is to get the seller to repair items, not bury them in so much that they refuse to do anything.