How to Negotiate Repairs AFTER a Home Inspection!

แชร์
ฝัง
  • เผยแพร่เมื่อ 18 พ.ย. 2024

ความคิดเห็น • 81

  • @realtruth7able
    @realtruth7able 4 ปีที่แล้ว +40

    Well if I were the seller, and Im presented with the inspection and there any repairs needing done I'd fix every single one. I live by a different set of standards than most though, like do unto others as you would have them do unto you. And If I made big repairs I'd do it before I put it on the market and adjust my value of the house because of it accordingly. I don't understand anyone wanting to sell a house and leave a lot of work for someone who just paid you good money for it, I couldn't sleep if I knowingly left a lot of electrical problems, drainage problems, or knowing you have A/C problems.. just fix things and Lets treat each other with a little less greed, and do whats right!!

    • @kika1422
      @kika1422 3 ปีที่แล้ว

      Agreed.

    • @GuitarsAndSynths
      @GuitarsAndSynths 3 ปีที่แล้ว +3

      agree too much greed in the world today. What makes me scratch my head is why you as a home owner would let your house fall into such poor condition and not have any pride in ownership? I see homes full of dry rot, plumbing issues, damaged pools wanting over 500k in California.

    • @matthewkoch6937
      @matthewkoch6937 3 ปีที่แล้ว

      @@GuitarsAndSynths I wonder the same thing. Not being able to afford repairs is one thing, simply neglecting a good place until it falls apart is sinful and lazy.

    • @gracedeatherage4955
      @gracedeatherage4955 2 ปีที่แล้ว

      yup...true

    • @squigl3z78
      @squigl3z78 2 ปีที่แล้ว

      I wish I was buying from you . Just got a crazy inspection I may need to walk away from if they don't agree to do all repairs

  • @williampennjr.4448
    @williampennjr.4448 6 ปีที่แล้ว +66

    I don't understand why sellers aren't required to have an independent home inspection with the results open to all buyers.

    • @valravn7534
      @valravn7534 6 ปีที่แล้ว +7

      I agree this seems like just common sense. It could be a way to subsidize a professional that wouldn't really exist.

    • @jfloresdrums
      @jfloresdrums 4 ปีที่แล้ว +4

      It could be detrimental to them as they would have to disclose all findings so it's best not to so they can simply say I have no idea what's wrong.

    • @TheRealMcP
      @TheRealMcP 4 ปีที่แล้ว +3

      We're looking at a house now where the vendor provided an independent building inspection report. It wasn't worth the paper it was written on. We commissioned our own report which found major issues with the roof. Major, completely unmissable issues (assuming the original inspector even bothered to actually look). So even if the vendor is required to provide a report, you'll never really know how reliable it is as the inspector is being paid by them. We still really like the house so fingers crossed we can find a way to make this deal work.

    • @GuitarsAndSynths
      @GuitarsAndSynths 3 ปีที่แล้ว +5

      it should be required by state and federal law

    • @Gunngirl
      @Gunngirl 3 ปีที่แล้ว

      @@jfloresdrums but it makes sense for buyers who want to flip or those who can rehab anyway. They can buy vs those who can’t afford to do that. Those buyers don’t even have to waste their time. Getting an inspection is so antiquated. Just have results open to everyone.

  • @comfortcreekranch4948
    @comfortcreekranch4948 5 ปีที่แล้ว +6

    Just had home inspection, and there are major problems before house could even move in. Deciding whether to back out or ask seller for repairs, however, how will I know the cost of repairs without having specialist out to give bids?
    I only have 3 more days. Time will not allow for those bids.

  • @nubetoob9292
    @nubetoob9292 5 ปีที่แล้ว +10

    So you say that it’s unlikely for a seller to drop the price after a home inspection due to needed repairs. How is that any different than the seller paying part of your closing costs to reflect the cost of needed repairs?

    • @trinaflakes8298
      @trinaflakes8298 5 ปีที่แล้ว

      Can you please answer this question because im thinking the same thing

    • @jiiggys4629
      @jiiggys4629 5 ปีที่แล้ว

      X3

    • @nickscherer5604
      @nickscherer5604 4 ปีที่แล้ว +2

      cash/out of pocket vs. mortgage payment

    • @Gunngirl
      @Gunngirl 3 ปีที่แล้ว +1

      The credit may not be enough to cover repairs, if that is what you’re saying. I don’t need a $2000 credit for a $7000 problem.

  • @mumbus272
    @mumbus272 6 ปีที่แล้ว +4

    Thank you for serving our country Andrew...thank you for educating me personally....

    • @AndrewFinney
      @AndrewFinney  6 ปีที่แล้ว +1

      Hi mumbus 27
      Thank you! You're terrific!
      You're welcome, it was my pleasure to help out. =)
      Gave you shout in this week's live stream: th-cam.com/video/VbdMPe9nPrI/w-d-xo.html
      What would you like to see next?
      Enjoy a very Happy Thanksgiving my friend!
      Chat soon,
      Andrew Finney
      www.andrewfinneyteam.com/

  • @hothotheat3000
    @hothotheat3000 4 ปีที่แล้ว +7

    Never ever waive the inspection contingency. NEVER! If you’re getting pressured to waive it, walk away from the house.

    • @GuitarsAndSynths
      @GuitarsAndSynths 3 ปีที่แล้ว

      agree 100% in fact one place was a dumpster fire with 20k plus in major issues the seller refused to fix so walked away. Another home had foundation issues. Both homes over 500k for 50 year old homes in Sacramento, California!

  • @mollysmiles77able
    @mollysmiles77able 6 ปีที่แล้ว +4

    Thanks for taking the time to make these videos. They have been so helpful to me lately!

    • @AndrewFinney
      @AndrewFinney  6 ปีที่แล้ว

      Hi Molly Switzer!
      Thank you for watching and for your touching support!
      Really appreciate you!
      Let me know what you want to see next and I'll get to work making a video just for you!
      Enjoy an incredible day!
      Thanks,
      -Your Real Estate Geek, Andrew Finney
      www.andrewfinneyteam.com/

  • @Anabee399
    @Anabee399 4 ปีที่แล้ว +1

    Thanks, Andrew, for your wealth of knowledge. I'm currently experiencing this. Post-inspection, there are six needed repairs. However, two are potential deal-breakers. There's a plumbing pressure regulator issue, and the showers in the different bathrooms can't adequately run simultaneously. As well the HVAC issue is the house doesn't get cold enough. Now I accepted to overlook the compromised deck, worn carpet at the basement landing. However, the house is 80, a stable home. So I don't know how to approach this without expressing that I shouldn't have to pay anything for those issues. Please help.

  • @brians.5690
    @brians.5690 6 ปีที่แล้ว +3

    Your videos are extremely helpful to me. thank you very much. And also thanks for putting on the uniform and serving our great country!!!!

    • @AndrewFinney
      @AndrewFinney  6 ปีที่แล้ว

      Hi B. STEELE!
      Thank you for watching and for your support!
      Very happy you are finding my videos extremely helpful. (Just responded to the email you sent me too. Thank you for reaching out and looking forward to helping you!)
      Really appreciate your gratitude for my military service and any of our active duty/ veterans reading this, thank you too!
      Enjoy a great day!
      Thanks,
      -Your Real Estate Geek, Andrew Finney
      www.andrewfinneyteam.com/

  • @3flgator
    @3flgator 4 ปีที่แล้ว +2

    Love the video Andrew, now quick question. The home inspection just mentions that the roof is original from 2004 when the house was built. Nothing wrong with the roof except for a couple of loose tiles. Given that I'm gonna have to replace the roof 5 to years from now. Can I negotiate a credit with the seller for that? Thanks.

    • @AndrewFinney
      @AndrewFinney  4 ปีที่แล้ว +1

      Thank you Javier!
      Great question! In short, HIGHLY unlikely since there isn't any issues with the roof at this time other then a couple of loose tiles (completely normal for tile roofs btw...) from your home inspection report.
      Quick heads up... Generally should be able to expect approximately 25- 30 years for a tile roof. Since your new home is 16 y/o you should have a good 9-14 years before needing to replace the roof. It's usually not the tile that becomes an issue in as much as the underlayment.
      Here's a video to help you gauge how long things last (on average) in homes: th-cam.com/video/96d5_0vGX3U/w-d-xo.html
      Sending you positive mojo everything is progressing smoothly for you! Congrats again on your new home. I'm super excited for you! Yay!

    • @GuitarsAndSynths
      @GuitarsAndSynths 3 ปีที่แล้ว

      @@AndrewFinney always get a roof inspection!

  • @GreaseMonkChronicles
    @GreaseMonkChronicles 4 ปีที่แล้ว +2

    Hi Andrew, I’m looking to buy a house and had inspection done today. The inspector pointed some issues with the electrical, where there was only one outlet in the kitchen and walls were all ceramic tiles would be trouble some to run new outlets. Some minor plumbing issues and missing handrails for staircase. Now my problem is I dealt directly with the listing agent and don’t have a buyers agent. Do you think I should negotiate on the price of the house or credit. I have some construction background and estimate the price to repair to be around 5k . Please help

    • @AndrewFinney
      @AndrewFinney  4 ปีที่แล้ว +1

      Hey Drive NYC! I just noticed you asked this question a couple of weeks ago... In short, YES you should ask for the either the repairs, reduction of the sales price, and/ or reasonable seller contribution towards your buyer closing costs.
      If for some reason this deal falls apart, please ensure you have your own buyers agent next time around.
      In any case, please let us know how this plays out for you. I'm sending you positive vibes that everything is going your way! What would you like to watch next?

    • @GuitarsAndSynths
      @GuitarsAndSynths 3 ปีที่แล้ว

      @@AndrewFinney can you ask for combination of credits toward repair cost by reduce closing costs and sale price? Say repairs are 20k, then ask seller pay 10k closing cost and 10k rebate on sale price?

  • @jinx9106
    @jinx9106 ปีที่แล้ว +1

    Can you negotiate if the seller did the repairs but some items are still not fixed. But the home is listed ‘as is’?

    • @AndrewFinney
      @AndrewFinney  9 หลายเดือนก่อน

      Excellent question. If the buyer's offer is financed and the appraiser notes something that needs to be fixed pursuant to lending guidelines, the seller of an "as-is" property will need to make the repair or cancel the deal. Sending you positive vibes everything goes your way. Thanks again for watching. Peace be with you.

  • @jadesanjose2520
    @jadesanjose2520 2 ปีที่แล้ว

    Can you please further explain why you think it’s so impossible to negotiate the price after inspections? I’m currently in contract for a house and there are possibly structural issues… The crawl space was not accessible so we are waiting for the sellers to open it so we can finish the home inspection and also get a structural engineer . We are still in the contingency window for inspections but are thinking there could be substantial foundation repairs needed due to some settling and other things. We still are interested in the property for a variety of reasons I won’t get into now… however we were not expecting potential structural or foundation issues. So do you think we really have a better chance of being bitten by a shark than getting them to reduce the price due to structural problems? Obviously we will confirm if this is truly the case - we can’t get a structural engineer out there til the crawlspace is opened so the ball is in the sellers court now… but one of the big reasons why we want to get him out there is to give us negotiating power if there are more damages than we initially bargained for… To get the engineer out is another $650 which we think is worth it if it means we can possibly get a credit or reduced price. However if it likely won’t payoff then what’s the point?

  • @dhonduplhamo9673
    @dhonduplhamo9673 6 ปีที่แล้ว +3

    My agent told me to do home inspection prior to accept the offer . I put offer but seller wanted to sell to other competitor but now they are having some documents issues. My agent told if we do home inspection we will get the house, I feel it’s not right. Now I don’t know what to do.

    • @AndrewFinney
      @AndrewFinney  6 ปีที่แล้ว

      Hi Dhondup Lhamo,
      Thank you for watching and for sharing with us. It's great to hear from you!
      Hmmm... That's interesting. Are you the buyer or seller? If the buyer, then usually the home inspection will occur within a pre-determined and agreed upon days known as buyer due diligence.
      If you're the seller, it's always highly advisable and encouraged to perform a home pre-inspection prior to going on the market.
      What would you like to see next?
      Thanks again for watching!
      Enjoy an amazing day!
      Thanks,
      Andrew Finney
      www.andrewfinneyteam.com/

  • @kaitlynnc9539
    @kaitlynnc9539 3 ปีที่แล้ว

    Because were being bought out by cash offers which makes it hard for us with a VA loan, is it even worth us to hire a certified contractor to inspect a roof? It comes out of our (my husband and I) pocket and its possible the seller wont replace a roof knowing they can get a cash offer??

  • @repairpricer6888
    @repairpricer6888 4 ปีที่แล้ว +1

    If anyone here watching is wondering how to accurately estimate the repairs after your inspection, feel free to check out repairpricer.com - we built a tool specifically for this purpose. Upload any home inspection report and turn it into a zip-code specific repair estimate. As Andrew says at around the 4:45 mark - don't just base negotiation on guestimates!

    • @GuitarsAndSynths
      @GuitarsAndSynths 3 ปีที่แล้ว

      I love your service! Have used it and super awesome.

  • @rgarcia8144
    @rgarcia8144 4 ปีที่แล้ว

    Very useful information. Thank you

  • @steveng.c.8524
    @steveng.c.8524 5 ปีที่แล้ว +1

    Hey Finn, great video

  • @GuitarsAndSynths
    @GuitarsAndSynths 3 ปีที่แล้ว

    So if home needs 20k in repairs, just ask for 10k closing costs and 10k in the repairs credit toward purchase price?

  • @QueenYak
    @QueenYak 5 ปีที่แล้ว +3

    What would you do if, BEFORE the closing and after inspection, you discover that the Seller lied about the COST of home improvements to the home? He has dramatically INFLATED the costs of things such as hardwood floor installation, painting, and other items. Would you walk away? (Seller is a flipper. I know he has to make some profit, but not 100% or 150%. Thanks.)

    • @dougmartin7129
      @dougmartin7129 4 ปีที่แล้ว +4

      Sheila A. Burke
      What the previous owner put into a house has nothing to do with the final price. The market the bank and the new buyer sets the price.

    • @hothotheat3000
      @hothotheat3000 4 ปีที่แล้ว +3

      You want to do business with a liar? I wouldn’t.

    • @GuitarsAndSynths
      @GuitarsAndSynths 3 ปีที่แล้ว +1

      ask the seller for repair receipts if available

    • @QueenYak
      @QueenYak 3 ปีที่แล้ว

      @@dougmartin7129 Yes, but it helps to know the value of improvements made since the last time it sold. After all, the "market" is really just another word for "buyers" and "sellers". And as you note, buyers set the price.

  • @egapekim
    @egapekim 6 ปีที่แล้ว +2

    Thank you for your service 👍

    • @AndrewFinney
      @AndrewFinney  6 ปีที่แล้ว

      Thanks egapekim!
      You're a rockstar!
      Gave you shout in this week's live stream: th-cam.com/video/VbdMPe9nPrI/w-d-xo.html
      What would you like to see next?
      Enjoy a very Happy Thanksgiving my friend!
      Chat soon,
      Andrew Finney
      www.andrewfinneyteam.com/

  • @christianflorez5146
    @christianflorez5146 6 ปีที่แล้ว

    is most repair credits going to be towards closing costs? will it never knock any of the mortgage off ?

  • @Dtoons53
    @Dtoons53 5 ปีที่แล้ว +10

    The title should just be how to not negotiate repairs all you basically said was take the house as is and not push it even when spending hundreds of thousands of dollars.. lol

  • @Neph1
    @Neph1 7 ปีที่แล้ว +2

    appreciate the knowledge you share

    • @AndrewFinney
      @AndrewFinney  7 ปีที่แล้ว +1

      @Nephtali Andujar,
      Thank you for watching and for commenting.
      You're very welcome. I'm always here to help!
      Enjoy a great day!
      Thanks,
      -Your Real Estate Geek, Andrew Finney

  • @carmenthigpen2393
    @carmenthigpen2393 ปีที่แล้ว

    our home inspector missed a roof that was improperly installed.

  • @svalentina3075
    @svalentina3075 4 ปีที่แล้ว

    Wait, I"m confused. You're saying we should not ask the seller for credit if the house needs a bunch of work because it will backfire? I thought that's what the inspection period was for. Get inspection. Get estimate from contractor about cost of repairs. Ask seller for credit. Also. You said my realtor should have found an inspector for me? My realtor didn't do anything like that. Also I probably would not go with an inspector recommended by them... conflict of interest, hello!

    • @JC-eu8rg
      @JC-eu8rg 3 ปีที่แล้ว +1

      No. He said don’t put an offer in on a house expecting to drag the seller through an inspection shit show to get the house for cheap.

  • @niceguydmm
    @niceguydmm 4 ปีที่แล้ว +4

    I just say Mr Buyer take the deal of leave it. The home is priced as is... You don't have to fix anything.

    • @GuitarsAndSynths
      @GuitarsAndSynths 3 ปีที่แล้ว +5

      and mr buyer can tell you to shove it and walk away

  • @jorelynpaligsa6448
    @jorelynpaligsa6448 5 ปีที่แล้ว +17

    Wait, all "smart" investors know that we should never tell our own real estate agents our true intentions because our realtors are "never" really working for us. This is the dirty secret that 100% of realtors know, and novice buyers and sellers do not know. Realtors will simply just "say" they are working for us, when in actuality, they are working for themselves. This is a FACT. And nobody will ever debate this on a live show with me, ever!

    • @checkthemikecrophone9050
      @checkthemikecrophone9050 4 ปีที่แล้ว +1

      Jorelyn Paligsa not true anytime you use the word “all” your comments have flaw simply because there are exceptions to the rules often. In addition in reality a successful agent will have their buyers/seller best interest because it leads to referrals often and realtors make their money on investments not having to scam clients. You must have had bad experiences with realtors because what you speak is not true of all realtors. Investors same can be said for them as well not all but some will use realtors for a joy ride to see homes and not truly intend to buy through a realtor. It is all perspective not all realtors or investors are scammers

    • @biankadownsanchondo3055
      @biankadownsanchondo3055 4 ปีที่แล้ว

      I will debate this on a live show with you all day. I have several ways to prove my point.

    • @GuitarsAndSynths
      @GuitarsAndSynths 3 ปีที่แล้ว

      yes and no. Your agent wants the sale to take place or he/she won't get paid. So really in their best interest to support your desire for repairs or credits otherwise buyer would walk.

    • @danielwilcox6307
      @danielwilcox6307 3 ปีที่แล้ว

      Lol, love show. I will also debate this in a live show and swimming in a million dollars, tax free to me. @bianka get a grip.

  • @allboutwoop
    @allboutwoop 6 ปีที่แล้ว +3

    Wish I had watched this first.

    • @AndrewFinney
      @AndrewFinney  6 ปีที่แล้ว

      Hi Tom T.
      Thank you for watching and commenting.
      Glad you enjoyed this video. What would make a video about negotiating home repairs even more powerful to you or any other videos you would like to see next? What happened with your repair request?
      Thanks again for watching.
      Enjoy a fantastic day!
      Thanks,
      Andrew Finney
      www.andrewfinneyteam.com/

  • @AmateurGardener8B
    @AmateurGardener8B 5 ปีที่แล้ว +3

    Andrew, I'm a USMC Combat Vet as well and am also in the RE industry. It would be great to connect :)

  • @HayesChad
    @HayesChad 6 ปีที่แล้ว +2

    Just found out my basement leaks after my home inspection. Was supposed to be used for my recording studio. Tips welcome! Thanks

    • @AndrewFinney
      @AndrewFinney  6 ปีที่แล้ว

      Hi Chad Hayes,
      Thank you for watching and for sharing with us!
      Gave you a shout out in this week's live episode and answered your questions. Here's the link: th-cam.com/video/v2pqE4n8R0o/w-d-xo.html
      What would you like to see next?
      Btw... I go live on Wednesdays! =)
      Enjoy a fantastic day!
      Thanks,
      -Your Real Estate Geek, Andrew Finney
      www.andrewfinneyteam.com/

    • @iLikeC00kieDough
      @iLikeC00kieDough 5 ปีที่แล้ว +1

      Chad Hayes find the leak and repair it.

    • @lasttry54321
      @lasttry54321 5 ปีที่แล้ว

      spoken like a true a-hole

  • @showyourselfaman4917
    @showyourselfaman4917 3 ปีที่แล้ว

    U da man

  • @razinejohnson4042
    @razinejohnson4042 2 ปีที่แล้ว

    Even if you wanted to do updates on the home in the near future why wouldn't you have the seller fix what they shouldn't have fixed years prior?? So you're basically saying don't have them fix it because you're going to do modifications ONE day??

  • @dennisryan6370
    @dennisryan6370 5 ปีที่แล้ว

    Or Andrew......One could employ the skills of an "expert" builder with established experience to qualify the myriad of "bogus" assessments from a self-proclaimed "bulldog" inspector who'd be hardpressed to build a doghouse. Just got done dispatching another such "bullshit" inspection and my customer DIDN'T HAVE TO DO A DAMN THING! Ain't no substitute for EXPERIENCE!