A critical and tenuous point in your home sale comes just AFTER your property is under contract…. when you are still within the inspection period. It is then that emotions run thin… and that can play havoc on a home purchase.
Inspections may well uncover nothing beyond what’s already been disclosed by the seller. More than likely though, additional repair items will be found and noted, and this is when buyer’s remorse sets in. It really doesn’t matter whether the sale is “as is” or whether the terms of your contract allow for a repair limit: Home inspection results can challenge the convictions of even the most determined buyers.
Regardless of your role in the transaction (buyer or seller) this is when you need to carefully evaluate what is worth pushing for, and what is best to walk away from.
As a Seller, ask yourself: Is it worth losing this buyer over repair items? Buyer #2 and Inspection#2 will mean more of the same, and unless you already have a back-up contract in hand, refusing to negotiate will mean re-listing the property, and starting the process all over again .
As a Buyer, ask yourself: Even if I’ve found the perfect home, will repair costs warrant walking away? Or is there a better alternative?
The post-inspection period is one of the most critical times, between contract signing and closing. And that’s one of the dozens of reasons it’s important to have a top local Realtor to list (and sell!) your house … And why it’s equally important to choose a experienced local real estate agent to represent you when you are buying a home! So much of holding a transaction together is about negotiating… about letting the small stuff go… and working hard on what really matters. If you’re looking to buy or sell property in South Florida, and are looking for an local real estate expert, please don’t hesitate to contact me here or 305 793-1365 (cellular number). The Restivo Team at EWM Realtors
