Have you recently viewed a home that seems like the perfect fit but shows signs that some upgrades or repairs are needed? Are you unsure how to bring this up with the seller? Here’s a step-by-step guide to help you address these issues in your negotiation.
1. Identify any major issues
Start by reviewing the inspection report and identifying major concerns that could pose safety hazards or significant financial burdens. For example, if the inspection report reveals issues such as a leaky roof, a faulty air conditioning system or plumbing problems, these would be high-priority items to address during negotiations.
2. Consult with your real estate agent
Your real estate agent is a valuable resource in crafting a strategic repair request. For instance, if the inspection report identifies a safety hazard like a faulty gas line, your agent can help you emphasise the importance of addressing this issue in the negotiation. They can help you be specific and reasonable in your requests, focusing on necessary repairs rather than cosmetic improvements.
3. Present the repair request to the seller
Approach the negotiation process with flexibility and open communication. A willingness to compromise is crucial, as the seller may not agree to all repair requests. For example, if the seller is unwilling to cover the full cost of a major repair, consider negotiating to split the cost or find alternative solutions. A willingness to find common ground can lead to a mutually beneficial outcome.
By following these tips and working closely with your real estate agent, you can effectively address necessary repairs while keeping the buying process positive for you and the seller.
