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Ordering an Inspection and Negotiating the Final Offer

by Nicole Strom 07/27/2024

 

As you move forward in your home buying journey, two critical steps come into play: ordering a home inspection and negotiating the final offer. Here’s how to navigate these stages effectively.

Order an Inspection

During the inspection period, schedule a thorough investigation of the home with a reputable home inspector. This process includes:

  • Scheduling the Inspection: Set up a time with a trusted inspector to examine the property.
  • Thorough Examination: The inspector will conduct a detailed review of the home, checking for any issues or potential problems.
  • Receiving Findings: After the inspection, you’ll receive a comprehensive list of findings.

Once you have the inspection report, you can choose to:

  • Accept the issues as-is.
  • Request the seller to address some or all of the findings.

We will be strategic, focusing on significant issues, while being reasonable about minor items. I will help guide and advise you during this process.  

Negotiate the Final Offer

Post-inspection, issues often arise that may require another round of negotiations for credits or repairs. Here’s how to handle this phase:

  1. Ask for Credits: Request credits for necessary repairs. Sellers typically prefer to offer a credit rather than handle repairs themselves, but some repairs are required for funding. I will guide you on all options and should this apply to you.
  2. Think Big Picture: Don’t get bogged down by minor issues. Simple fixes like caulking or leaky faucets can be easily resolved. Instead, focus on more significant concerns and negotiate accordingly. I have teams of vendors from plumbers to electricans to structural engineers to assist in quotes and possible repair costs.

Conclusion

Ordering an inspection and negotiating the final offer are pivotal steps in ensuring your new home meets your expectations and is a sound investment. By being thorough in the inspection process and strategic in your negotiations, you can address potential issues effectively and move closer to securing your dream home. Remember, the goal is to reach a fair agreement that satisfies both parties, paving the way for a smooth closing process.

About the Author
Author

Nicole Strom

Nicole is a mom, grandma, a retired military spouse of over 25 years, as well as a full time Real Estate Professional serving her clients in and around Colorado Springs. 

You need a REALTOR® with vast experience and knowledge of our specific market. You need a REALTOR® that genuinely cares about you and puts your needs first. You need a REALTOR® you can trust. Nicole is that REALTOR®.