How to Negotiate a Buyer's Repair Request for Home Sellers!

In practice, there are 2 common sources that produce anxiety for both the buyer and seller during escrow. One is the home appraisal and the other is the home inspection. In this video we'll tackle how to negotiate a buyer's repair request for home sellers!

In practice, I share with my client's to simply #JTAB = Just Take a Breath it'll be alright as we move forward together. Remember, FEAR = False Evidence Appearing Real. What's the best way to replace FEAR? With knowledge and you're doing that right now. Kudos!

What you'll learn:
1. How do sellers negotiate repairs?
2. Can seller refuse to make repairs?
3. Home inspection tips for sellers!

**To find top agents near you, please email me directly at: Andrew@AndrewFinneyTeam.com Thank you!**

Join us live every Wednesday at 11am PST. See you soon!

NOTE: To adjust video speed for your listening/ viewing pleasure, please use the settings icon on the bottom right of your screen. It looks like a gear. =)

Timeline:
1. 0:57 - What's in a home inspection report?

2. 2:02 - What a buyer could ask a seller to fix when buying a house! Cosmetic repairs vs needed repairs.

3. 3:20 - Keep minor repairs MINOR!

4. 4:18 - Hire a licensed professional as needed!

5. 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. i.e. HVAC needs to be functioning correctly. Even if the home inspector doesn't note this, the home appraisar likely will. When this happens it often becomes a "condition prior to funding" that must be met by the seller or the deal will fall apart. Something to know about upfront.
a. BEST PRACTICE: Hire a home inspector prior to going on the market, make the repairs you can, and make available both the home inspection report and repair receipts to prospective buyers ultimately furnishing a copy to the buyers agent via your listing agent when opening escrow. Doing so increases transparency and demonstrates good faith. Consider a "listing home warranty" when you list your home to help out with possible costs that may arise.

6. 6:36 - Pitfalls of the "TAKE IT or LEAVE IT Mindset!"

7. 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.

Thank you for watching! =)

Enjoy an amazing day!
-Your Trusted Real Estate Advisor, Andrew Finney

Contact info:
Andrew Finney
USMC Combat Veteran/ Trusted Real Estate Advisor
License #S.0173260

Call/ Text: 702-710-0287
Email: Andrew@AndrewFinneyTeam.com
https://www.andrewfinneyteam.com/

King Realty Group
6955 N. Durango Dr. Suite 1004
Las Vegas, NV 89149

Designations-
Certified Residential Specialist (CRS)
Accredited Buyer's Representative (ABR)
Sellers Representative Specialist (SRS)

Certifications-
Military Relocation Professional (MRP)

Disclaimers/ Credits:
At the time of production, Andrew Finney, S.0173260, is a real estate salesperson with King Realty Group 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 are to educate you and help you make sense of the real estate process. If you have questions about home loans, real estate, taxes, financial advice, real estate law, insurance, or any other services where you live, you are advised to reach out to the appropriate professional for further counsel about your own unique situation.

Video Inspiration:
You!

Awesome Music Courtesy of:
Song: Syn Cole - Feel Good [NCS Release]
Music provided by NoCopyRightSounds.
Video Link: https://www.youtube.com/watch?v=q1ULJ92aldE
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Видео How to Negotiate a Buyer's Repair Request for Home Sellers! канала Andrew Finney Team