In an ideal situation, the seller would offer to fix every minor issue revealed after a home inspection before you decide to make a large investment in the property. In reality, it’s wiser to focus on the more serious and extensive repairs that the homeowner is likely responsible for.
Common Repairs Required After a Home Inspection
Major fixes typically fall on the seller before funds are released to finance the purchase of the home. These repairs often address pricey structural deficiencies, electrical issues, and extensive roof damage. An inspector will conduct an extensive review of the home including areas like the attic, basement, and small, deeper spaces. They should inspect the home’s septic system and water tank and identify and leaks that may lead to further damage down the line. Other issues that could have a significant impact on the home’s value include:
- Poor plumbing conditions
- Issues with the HVAC System
- Major water damage
- Severe rot or decay
- Safety hazards
Repair Requests to Avoid
When you find the home you’re ready to close on, there could be some repairs that sellers may be happy about paying for themselves. A home inspection is meant to assess any severe damage to the structure or function of the home, not for fixing minor cosmetic issues or for renegotiating your purchasing offer. It’s important to remember that the home is not brand new and will come with some minor signs of wear and tear that you will be expected to recognize and be okay with before the inspection. The following requests are ones you should not push when negotiating with the seller:
- Any cosmetic issues
- Repairs planned for your renovations
- Loose fixtures
- Broken switches or sockets
Repairs That Can Be Negotiated
When buying a home, it’s important to understand that negotiation of repairs that fall in a more gray area in terms of responsibility will depend on the type of market you’re buying into. If you’re buying into a seller’s market, be careful to not pressure a seller with any repair requests that will make them want to back out on a deal. In a normal buyer’s market, you may find yourself with more leverage when bargaining for repairs.
Work with a dedicated and successful real estate agent to help you understand how to handle home inspections and which repairs matter most. The team of agents at McNeely Mack LifeStyle Properties | Latter & Blum brings together over 75 years of experience to offer each client a smooth and informed buying or selling experience. Contact us today and let us know how we can help you buy your dream home.