This is the third post in my blog series on getting a home inspection before selling your property in Northern Virginia. So far, we’ve covered Part 1 and Part 2. In this article, we’ll discuss strategies that some homebuyers use in inspection negotiations, and how sellers can counter these strategies.
Getting a Home Inspection Before Selling – Removing Opportunities for Homebuyers to Renegotiate the Sales Price
Did you know that some homebuyers in Northern Virginia use the home inspection negotiation as an opportunity to renegotiate the sales price? It might sound sneaky, but it happens all of the time, and it’s good to be prepared for it. Getting a home inspection before selling preemptively counters this particular strategy.
Why does this sort of renegotiation happen? Sometimes, especially in this competitive Northern Virginia real estate market, buyers find themselves in competition with other buyers for a home, and they are forced to pay more for the property than they want to. They get to the home inspection and when the inspection report reveals a laundry list of deferred maintenance items, they become concerned about spending even more of their money on the repairs. Then, they use this as an opportunity to get the seller down on price or to get the seller to give them a sizable seller subsidy toward their closing costs.
Read Part 4 in my blog series on getting a home inspection before selling your home.
Are you in the process of getting your Northern Virginia home ready to sell? Call me at 703-462-0700 or email me at DarrenRobertsonHomes@gmail.com to request a complimentary comparative market analysis of your property’s value in the current real estate market.
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