4 Ways to Negotiate Repairs After an Inspection - How to handle repairs and avoid disputes

Looking to buy or sell a property? Learn about all the ways you can negotiate repairs during a real estate transaction. From asking for credits to getting the seller to fix certain items, we cover it all in this video.

The default in the North Carolina contract is that the home is sold "As Is." Seller may, but is not required to, engage in negotiations for repairs/improvements to the Property. For a while there, the market was so hot that Sellers were getting away with leaving the property as is. They were even getting offers that would waive the property inspection. But now that things have cooled down a bit, we are seeing that sellers having to concede to handle some repairs again in order for some deals to go through.

Nearly all houses of issues -- no house is perfect. When negotiating repairs, it is important to be clear about what is being repaired, who is paying for it, and when, knowing that minor repairs can quickly turn into major disputes.

While every situation is different, the buyer or seller may split some -- or all -- of the repairs that appear on the inspection report. Here are some common areas for repair that come up:

The Roof: This could be soft spots, excessive wear, moisture penetration or anything that could be an indication that the roof is failing.

Electrical System: Is the electrical system outdated or not up to code?

Plumbing: It's common for leaky pipes to stay hidden for years and then cause considerable damage.

Foundation: In some areas foundation settling is common, and shouldn’t be a cause for concern. But if there is major movement with sticking doors, cracking windows, cracked tiles/paint or other signs of serious imbalance it could be a sign of something much more problematic.

Termites and pests: Pests, wood destroying insects and/or vermin in the home are a red flag, and can be costly to remediate.

00:00 - Letter from Agent
00:30 - The State of the Market
01:39 - Contract Refresher...
02:25 - Option #1 - Property sold "as is"
03:26 - Option #2 - Price Adjustment
07:46 - Common Disputes
08:15 - Option #3 - Seller Makes the Repairs
08:55 - Option #4 - Escrow Arrangement
10:33 - Common Escrow Disputes
11:50 - How Disputes are Resolved
13:07 - Best Advice for Sellers and Buyers
14:42 - Closing Advice


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