|
Home inspection and re-negotiating
| Posted By |
Message |
marianne13
LIF Adolescent
Member since 6/10 887 total posts
Name:
|
Home inspection and re-negotiating
If you had an inspection done and wanted items fixed, when did you ask that they put these requests in the contract? Immediately after the inspection or did you wait until you got the written report from the home inspector?
DH and I had a home inspection done Saturday. We were there so we know some of the problems but we didn't get the report yet. The listing agent is pushing us to have our lawyer ask for the contract but I think it's best to wait until after we get the written report of the inspection right?
|
Posted 3/4/13 3:24 PM  |
| |
|
Long Island Weddings
Long Island's Largest Bridal Resource | Prudential Douglas Elliman Real Estate |
Ian&EmmesMommy23
My family is complete!
Member since 11/08 12970 total posts
Name:
Diana
|
Home inspection and re-negotiating
id leave that decision up to your lawyer.
|
| Posted 3/4/13 3:42 PM |
| |
|
JandJ1224
Member since 6/06 5911 total posts
Name:
Jannette
|
Re: Home inspection and re-negotiating
If you are aware of the issues from verbal conversation with your inspector you can start to negotiate those points now. You should provide a copy of the inspection to support your requests once available.
In my experience it is best to make points known before contracts are sent back to sellers with surprises.
|
| Posted 3/4/13 4:16 PM |
| |
|
|
|
Re: Home inspection and re-negotiating
Posted by JandJ1224
If you are aware of the issues from verbal conversation with your inspector you can start to negotiate those points now. You should provide a copy of the inspection to support your requests once available.
In my experience it is best to make points known before contracts are sent back to sellers with surprises.
I agree - You want to make any requests asap. It's usually best to have everything negotiated (or as much as possible) before you get to the contract phase. Most lawyers don't want to negotiate the home inspection items... it's usually better for the agents and parties to work it out, because we are most familiar with the house. Remember, the lawyer wasn't there for the inspection and has never even seen the house.
The lawyers typically won't put any agreed upon repairs into the body of the contract, but they may do a rider or a side agreement. You want to have everything worked out, though, so people don't start unilaterally adding things to the contract when there's been no prior discussion.
Usually the inspector gives a verbal summary of his findings at the end of the inspection, so you probably have an idea of if there are major issues. But most inspectors will provide a report via email within 24 hours of the inspection, which is ideal. I usually advise my buyers to read the report and discuss with each other, and then let me know what issues they want to raise. But again, this should be done within a day or two of the inspection. If something major came up - e.g., the termite found evidence of termites and you will want the seller to have the house treated before closing - I would raise it even while you are waiting to go through the finer points of the report. (And just let the seller/listing agent know that you are still waiting on the report and will let them know if there is anything else once you review it).
But it's always in your interest as the buyer to move as quickly as possible - - because the seller is still able to consider and accept other offers up until the time they sign the contract. So try to get past the home inspection issues asap, if you still want the house. You don't want to be waiting a week for the inspector's report and then take days to review and get back to them.
Also, in my experience, it's best to be very specific when identifying home inspection issues and requesting repairs. As mentioned above, you can provide relevant pages of the report to identify the problem, and be specific about what you want the seller to do about it. You are most likely to be successful if you are clear about want (and at least appear reasonable).
Good luck!
|
| Posted 3/4/13 5:54 PM |
| |
|
Potentially Related Topics:
Currently 962352 users on the LIFamilies.com Chat
|
