Posted by
Craig Mills

When reviewing the inspection report with a client, in preparation of drafting the repair amendment, is there a general rule of thumb to follow in determining which point an agent should warn a client that their request are obsessive?

No additional information is provided.

Question Resolved
Report Abuse:
Click Here
Asked by
REALTORS®
Status
Closed

When reviewing the inspection report with a client, in preparation of drafting the repair amendment, is there a general rule of thumb to follow in determining which point an agent should warn a client that their request are obsessive?

By Craig Mills   
Posted on Apr 20, 2019 in Topic: Realtor Only
Add to Favorites
 
No additional information is provided.
Status: Closed
Viewed: 187
Asked by: REALTORS®
Posted: 1 month ago
Report Abuse: Click Here
Bronze
CHUKWUELOKA UZODIKE
about 1 month ago
#1 AWARDED - BEST ANSWER
For the most part, a well documented inspection report should guide bother buyer and seller to a mutually agreeable resolution of the issues on the inspection report. Any item noted as deficient (D) should generally be repaired / corrected by the Seller to the extent noted on the report. However, where a Seller won't undertake all or some repairs, then Buyer has to factor in the cost of those repairs in arriving at their final purchase offer subject to other transaction factors and overall market conditions.

about 1 month ago
Bronze
Craig Kooken
about 1 month ago
I would say that there isn’t a rule of thumb because there are way too factors to consider with each transaction. Is it a seller’s market or a buyer’s market, how long has the house been of the market, how much was negotiated initially, on & on. Each transaction stands on it own merit & should be negotiated accordingly.


about 1 month ago
Bronze
Frederick Richards
about 1 month ago
You should always make your client aware that this is an negotiation and what they are asking may be reasonable to them may not be reasonable to the seller. Reiterate they are purchasing a resale home everything won’t be brand new or repaired.


about 1 month ago
Bronze
David Smith
about 1 month ago
My general rule of thumb when reviewing it a home inspection report is to always start from the top down, i.e. roof, electrical, plumbing, HVAC system, and foundation. There are some other things to check as well if they are a present at the home, any other buildings, water filtration system, generator, pool equipment, Pool structural integrity, and or any and well or septic systems. Also always be on the lookout for gutters and broken siding


about 1 month ago
Disclaimer: Answers provided are just opinions and should not be accepted as advice.
Advertisement
Advertisement

Find a Pro

Search Real Estate Professionals

Advertisement