The home inspection report will summarize issues ranging from major concerns that need to be addressed right away (possibly by a specialist) to smaller items that you simply need to monitor. Your goal could be to get a $10,000 concession that will cover your cost to remedy those before moving in. Or, let’s say the report surfaced an almost comical number of minor problems that would take a handyman a few weeks to address. The estimated cost to replace both is $15,000, so an understandable goal is to have the seller provide a credit to cover two-thirds of that replacement cost. For example, let’s assume the home inspector discovered that the water heater and the heating/AC compressor are functional but out of warranty, and will probably need replacement in the next three years. The core of your strategy when negotiating after a home inspection is to figure out your goal and keep it front-of-mind throughout the negotiation. A thorough home inspection should equip you with the information you need to be confident that you’re buying a house that’s in acceptable condition, and avoid overpaying for a property that’s going to need expensive repairs. Plan your strategyĪs with any negotiation, it’s to your advantage to enter the fray with a plan.
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