Ep 117 “Responding to the Home Inspection”

Welcome back everyone to “The Really REAL Real Estate Podcast!” As the real estate market slowly begins to inch back into the buyer’s favor, inspections are once again becoming more common in the real estate transaction! Today, we talk about some things the seller needs to consider when responding to the buyer’s requested repair items due to the inspections that were completed on the home. TALKING POINTS (3-5): - Introduction - It’s still a seller’s market! - Briefly introduce the Inspection Contingency in the real estate transaction: - Contingency Period - Negotiation Period - “Post Negotiation” Period - Seller can respond with 2 different answers: - No - Yes - Complete the work prior to close - Offer seller credit in the form of seller assist - Offer a reduction in the price - Should the seller agree to the work the buyer is requesting: - How much is the buyer asking to be completed? - What are the costs associated with the repairs being requested? - What isn’t being asked to be completed prior to closing? - What happens if this buyer terminates over the inspections? - Final thoughts HASH TAGS: #homeinspection #inspections #contingency #negotiation LINKS: JASON: https://jasonwilcox.cbintouch.com/ https://www.zillow.com/profile/jasonwilcox1987/ https://www.youtube.com/channel/UCrRksfKiMNteHKYRYrinAug?view_as=subscriber https://www.facebook.com/jason.wilcox.186 https://twitter.com/jason_wilcox1 https://www.instagram.com/jason.wilcox1/ CONTACT INFORMATION: JASON: Cell Phone: 412-651-4638 Email: [email protected]