Property Manager MA: How to get Credit for Home Repairs after a Home Inspection
When you are buying or selling a home, it does not just end with the signing of the contract. There can be many complications during the sale. Some of them occur during the escrow period or when the home inspection is done with. If there are problems in the home inspection, then you have to deal with more negotiations to fix them.
Credit for work to be done
It is a nuisance when problems emerge just before the property is moving towards closing. The sellers have already made plans and have already packed up or are on their way out. They will not want their move to be hindered by spending time repairing it. Even if they do, it’s not as if they would spend any crucial time on it. This is why you have the right to demand credit so you can do the work yourself when you move in. That is because you know you can do a better job. It is also very likely that the seller will give you the credit so that he/she doesn’t have to deal with it.
Property Manager MA: Work to do in the future
If you notice that there are some minor problems such as damaged flooring or a leaky faucet, then you have the right to ask for credit. It doesn’t matter if you want to renovate it later anyway as the seller should be selling the property in optimum condition. Let the seller know so that you can get that credited to you and you will be able to save money on your closing costs.
Don’t share your plans
Earlier we mentioned how you would love to renovate some of the property to make it look much better. When you get a walkthrough of the property, you should not reveal what you want to do in front of the seller or the seller’s agent. So you have to show if you are uneasy during the walkthrough so that can be conveyed to the seller. When you tend to do something yourself, then you don’t get much negotiation power. Don’t even mention what your plans are for renovation, as the seller will not be likely to give you any credit.
Experts also advise buyers not to negotiate a contract thinking that you can lower the price after the inspection. It can be a huge letdown if there is nothing wrong with the property and you can’t do anything about it. So try and negotiate whatever you can instead of taking your chances. Keep your eyes open and do the right thing.
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