In this video, we'll talk about how to negotiate a buyer's repair request for home sellers and best practices for negotiating repairs after home inspection!
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🎬 About:
What you'll learn:
1. How do sellers negotiate repairs?
2. Can the seller refuse to make repairs?
3. Home inspection tips for sellers!
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Andrew Finney Trusted Real Estate Advisor/ USMC Veteran S.0173260 www.andrewfinneyteam.com King Realty Group 6955 N. Durango Drive Suite 1004 Las Vegas, NV 89149
📒 Show Notes 📒
0:00 - Intro
0:57 - What's in a home inspection report?
2:02 - What a buyer could ask a seller to fix when buying a house! Cosmetic repairs vs needed repairs.
3:20 - Keep minor repairs MINOR!
4:18 - Hire a licensed professional as needed!
5:31 - You'll likely need to fix the major items! Be prepared for this reality! For VA/ FHA loans, lending guidelines often specify "health & safety" items that will need to be fixed pursuant to lending guidelines.
6:36 - Pitfalls of the "TAKE IT or LEAVE IT Mindset!"
7:43 - What happens when you have financial resources (home equity) but not the time to make repairs? This point is for your and is more common than many think! Review your options with your trusted real estate advisor for best negotiation practices in your local real estate market.
Disclaimers/ Credits:
At the time of production, Andrew Finney, S.0173260, is a real estate salesperson with King Realty Group (KRG) in Las Vegas, NV. Andrew's videos are his own and do not necessarily represent the views and/ or opinions of KRG. The purpose of Andrew's videos is to educate you and help you make sense of the real estate process. I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. If you have questions about home loans, real estate, taxes, financial advice, real estate law, insurance, professional trades, or any other services, you are advised to reach out to the appropriate professional for further counsel about your own unique situation. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or any other and may be outdated or inaccurate; it is your responsibility to verify all information for yourself. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that is free from error. Linked items may create a financial benefit for Andrew Finney Team. Any use of other media is by fair-use or license only.
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