Restore verse in the Home Inspection Services Contract effortlessly

Aug 6th, 2022
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How to Restore verse in the Home Inspection Services Contract

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[Music] my name is ben garrison i am here with uh attorney joe dentaler i am the national program director for elite mga a leading provider of home inspector you know and general liability insurance for for inspectors across the country and internachi members with our insurance program that we formed exclusively for the membership and joe and i wanted to talk to you a little bit today about the importance of having an inspection agreement where you can find them the purpose they serve and commonly and frequently asked questions about these agreements to help inspectors get a better idea of of of how they can be helpful and what whats involved with getting a good one and whats what a good one entails um so with that um joe sure you know ben and i are with elite mga and we own a captive insurance company called elite re that has a unique program with internachi regarding an insurance program especially for internachi members its a risk purchasing group usually called the internachi in

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5 Tips to Close the Deal with A Stubborn Seller Discover What the Seller Wants. The first thing to do as the buyers agent is to discover what it is that the sellers want. Be Willing to Waive Contingencies. Come to The Table Prepared. Offer the Seller a Rent-Back. Get Creative Connections and Expertise.
In a buyers market, it can be reasonable to offer as much as 20% under the asking price if the home requires extensive repairs, such as replacing the roof or if there are foundation issues. Offers of 5 19% under price are also acceptable depending on the need for remodeling or upgraded appliances.
No News Is Usually Good News It may seem counterintuitive that if you havent heard from the buyer yet after the home inspection its actually a good sign. But if youre still within your inspection contingency period, the buyer is likely figuring out how they want to move forward with the sale.
How to plan for a home inspection negotiation Review the inspection report with your real estate agent. Prioritize the repairs. Use your home inspection contingency. Hire an experienced real estate agent. Only focus on the major repairs. Opt for a credit or price reduction instead. Think long term. Provide supporting documents.
Your Options After a Home Inspection Ask the seller to make the repairs themselves. Ask for credits toward your closing costs. Ask the seller to reduce the sales price to make up for the repairs. Back out of the transaction (if you have an inspection contingency in place) Move forward with the deal.
10 tips for how to have a good negotiation after a home inspection Review the report with your real estate agent. Prioritize repairs by cost and severity. Dont sweat the small stuff. Request concessions for major items. Get quotes from contractors. Take the market into consideration. Know what as-is means.
You can realistically negotiate for anything after a home inspection, but getting the seller to agree to your terms is the real trick. You will need plenty of evidence such as pictures and repair estimates, as often a seller will actually be unaware of the defect in question.
The top five things home inspectors look for Foundation. The foundation is the workhorse of a house. Roof. Roof quality and performance can also make or break a house deal. Plumbing. Is there anything worse than a leak? Electrical systems. HVAC system.

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