Which Repairs Are Appropriate For A Buyer To Request
Dated: April 25 2019
Although we’re getting a lot of activity in the market lately, many properties going under contract are moving on to fall out of escrow.
In the past few years, home sellers have had the luxury of ignoring repair requests. But now that buyers have gained more leverage, sellers no longer hold all the cards. This means negotiations over repairs have become a more balanced game.
When it comes to repair requests, it’s always fair for buyers to ask that health and safety issues be resolved. This includes everything from an out-of-order garage door motion sensor to a short-circuiting electrical panel and beyond.
But what about repair requests for things that might have been missed during the buyer’s initial walk-through—like a roof leak in the attic. Requests to have these kinds of issues resolved, similarly to health and safety issues, are also fair game.
Repair requests that might receive some pushback, however, include items that would have been obvious during the buyer’s first visit, like a broken window or loose floor tile. Issues like these should have been incorporated into the original offer, rather than being addressed for the first time following a home inspection.
Fortunately, experienced buyer’s agents will be able to advise their client against asking for thousands of dollars’ worth of credits for repairs they should have requested before the inspection ever took place.
While some buyers will treat a purchase as nothing more than a business transaction, others will be largely motivated by emotions. This is precisely why utilizing an agent’s guidance as a seller, too, will be crucial—discerning whether a buyer is acting based on logic or emotion will help inform your approach to negotiations.
Repair requests tend to be the final stumbling block buyers and sellers will face in the real estate deal, so if you’d like to learn more, then don’t hesitate to reach out.
As always, if you’d like to know more about our Palm Springs market or you’re thinking of buying or selling a home soon, don’t hesitate to reach out to us at 760-565-5714. We would love to help!
This Blog courtesy of Will Cook, WILL COOK GROUP | Keller Williams Luxury Homes, Palm Spring, CA | DRE #01879277
Ranked in the top 1% of all agents valley wide and named one of the Palm Springs Life Top Realtors for 2019 and 2020, Will is an Associate Broker/Team Leader of the WILL COOK GROUP with Keller William....
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