Avenue Mortgage, LLC

NMLS #1115220

  • Home
  • About
    • About Kay
    • Accessibility Statement
    • Complaint/Recovery Fund Notice
  • Blog
  • Our Resources
    • First Time Seller Tips
    • First Time Buyer Tips
    • Home Appraisal
    • Home Inspection
    • Loan Checklist
    • Loan Process
    • Loan Programs
    • Mortgage Glossary
    • Mortgage FAQ
    • What to Expect at a Loan Closing: A Step-by-Step Guide
  • Our Reviews
  • Contact Us

Negotiating Repairs After a Home Inspection

April 10, 2024 by Kay Monigold

So, you’ve found your dream home, made an offer, and had the home inspection done. But wait—what happens next? For many homebuyers, negotiating repairs after a home inspection can be a daunting task. However, with the right approach and some negotiation skills, you can ensure that your new home is in tip-top shape without breaking the bank.

1. Understand the Inspection Report

The first step in negotiating repairs is to thoroughly review the inspection report. Take note of any major issues that could affect the safety or structural integrity of the home. These are the items that should be your top priority during negotiations.

2. Prioritize Your Requests

Not every item in the inspection report warrants negotiation. Focus on the repairs that are essential for the functionality and safety of the home. Structural issues, electrical problems, plumbing leaks, and issues with the roof should be at the top of your list.

3. Consult Your Realtor

Your real estate agent is your partner in the negotiation process. They can provide valuable insight into which repairs are reasonable to request and how to approach negotiations with the seller. Lean on their expertise to guide you through the process.

4. Be Reasonable

While it’s important to advocate for necessary repairs, it’s also crucial to be realistic in your expectations. Remember that no home is perfect, and some wear and tear are to be expected, especially in older homes. Focus on addressing the most critical issues rather than nitpicking every minor flaw.

5. Get Quotes

Before entering into negotiations, obtain quotes from licensed contractors for the repairs you’re requesting. Having concrete estimates will give you leverage during negotiations and help ensure that the requested repairs are fairly priced.

6. Be Open to Compromise

Negotiations are a give-and-take process. Be prepared to compromise with the seller, especially if they are willing to address some of your concerns but not all of them. Consider alternative solutions or concessions that could satisfy both parties.

7. Put It in Writing

Once you’ve reached an agreement with the seller regarding repairs, make sure to document the details in writing. A formal addendum to the purchase agreement outlining the agreed-upon repairs and timelines will help prevent misunderstandings down the road.

8. Consider Credits

In some cases, the seller may offer credit towards closing costs instead of making repairs themselves. Evaluate whether this option makes sense for you financially and factor it into your negotiations if it aligns with your preferences.

9. Stay Focused on the Big Picture

While negotiating repairs can be stressful, it’s important to keep the big picture in mind. Ultimately, the goal is to ensure that the home is safe, functional and meets your needs. Don’t let minor issues derail the entire process.

10. Know When to Walk Away

If the seller is unwilling to address significant issues uncovered during the inspection, you may need to reconsider whether this is the right home for you. Don’t be afraid to walk away from the deal if you feel that the seller is unwilling to negotiate in good faith.

Navigating negotiations after a home inspection requires patience, clear communication, and a willingness to compromise. By following these tips and staying focused on your priorities, you can successfully navigate the negotiation process and move one step closer to making your dream home a reality.

Filed Under: Mortgage Tips Tagged With: Home Repair, Inspection, Mortgage Tips

The Ultimate Home Inspection Checklist for Informed Decisions

March 8, 2024 by Kay Monigold

Embarking on the journey to homeownership is an exciting venture, but it comes with its share of responsibilities. One crucial step in the process is a comprehensive home inspection. To ensure your dream home doesn’t turn into a nightmare, we’ve compiled the ultimate home inspection checklist. Armed with this guide, you’ll be equipped to make informed decisions, identify potential issues, and negotiate confidently before sealing the deal.

Exterior Inspection:

  • Roof condition and age
  • Gutters and downspouts
  • Siding and paint
  • Windows and doors
  • Foundation and grading

Structural Elements:

  • Foundation integrity
  • Walls, ceilings, and floors
  • Attic and crawl spaces
  • Load-bearing walls

Plumbing System:

  • Water pressure
  • Visible leaks
  • Condition of pipes (visible and accessible)
  • Functionality of faucets, sinks, toilets, and showers

Electrical System:

  • Panel condition and capacity
  • Presence of GFCI outlets
  • Functionality of switches and outlets
  • Wiring and visible connections

Heating, Ventilation, and Air Conditioning (HVAC):

  • Furnace and air conditioning units
  • Ductwork condition
  • Filter replacement history
  • Thermostat functionality

Interior Features:

  • Appliance condition and age
  • Flooring condition
  • Walls and ceilings (look for signs of water damage)
  • Functionality of doors and windows

Insulation and Energy Efficiency:

  • Presence and condition of insulation
  • Energy-efficient features (double-pane windows, etc.)
  • Overall energy efficiency of the home

Pest and Mold Inspection:

  • Signs of termites or other pests
  • Presence of mold or mildew
  • Condition of wood structures and beams

Environmental Factors:

  • Radon testing (if applicable in your region)
  • Asbestos inspection (for older homes)
  • Lead-based paint assessment (for homes built before 1978)

Miscellaneous Checks:

  • Garage condition
  • Functionality of garage doors and openers
  • Drainage around the property
  • Overall safety features (smoke detectors, handrails, etc.)

Navigating the home inspection process armed with this comprehensive checklist empowers you to assess your potential home thoroughly. Remember, a well-informed buyer is a confident buyer. Use the insights gained from the inspection to negotiate repairs or adjustments to the sale price. By investing time in a thorough home inspection, you’re not just buying a house; you’re investing in a home where you can build a future.

Filed Under: Home Values Tagged With: Home Ownership, Home Structure, Inspection

Next Page »

Our Team

Kay MonigoldKay Monigold
Owner/Mortgage Broker/Residential Mortgage Loan Originator
NMLS#1086176

Ron MartinRon Martin
Residential Mortgage Loan Originator

NMLS#316821

Steven LoweSteven P Lowe, Sr
Residential Mortgage Loan Originator
NMLS #1085638

GET A RATE QUOTE →

Connect with Us!

Browse Articles by Category

Accessibility Statement

We are committed to ensuring that its website is accessible to people with disabilities. All the pages on our website will meet W3C WAI’s Web Content Accessibility Guidelines 2.0, Level A conformance. Website Accessibility Policy

Equal Housing Lender


100 Independence Place, Ste. 308
Tyler, TX 75703
nmlsconsumeraccess.org

Quick Links

  • About
    • About Us
    • Texas Complaint/Recovery Fund Notice
  • Get a Rate Quote
  • Resources
    • Loan Process
  • Contact Us

Copyright © 2025 · Powered by MySMARTblog

Copyright © 2025 · Genesis Sample Theme on Genesis Framework · WordPress · Log in