It’s tricky to walk the line of repairs for both buyers and sellers. In the real estate world, almost anything can be negotiable.
For instance, a buyer can bargain for getting personal property, such as curtains or even their dog, in addition to the house. Indeed, this is possible in the industry, but as a buyer you need to check the MLS listing and your seller’s contract. Sellers and their realtors put careful thought into the claims they make about what exactly is on the table.
If a seller disagrees with a buyer’s request on the house, they can lose the sale. Likewise, the buyer can also lose out on a dream home by digging their heels in on a request that they didn’t know was unreasonable. That’s why both buyers and sellers need to understand the difference between certain types of repairs. Is it possible to ask for a buyer to demand a fresh coat of paint, or a new heating system? Find out below!
Some repairs are what realtors call cosmetic. Adding a fresh coat of paint is an example. It’s minimally invasive. It’s less costly. It won’t hugely impact the value of the home, but it is still valuable. This type of repair may be something that sellers expect you to do yourself once you buy the house. It really depends on the seller whether or not they agree to these, but don’t expect it to be an easy battle just because they are minimal requests to you.
Some repairs, though, are structural. In general, these repairs are more reasonable to ask of a seller. There are four structural repairs that realtors deem most important: Heating, Electricity, Roof, and Air Conditioning.
These 4 things are the most important to buyers, so you can make a good argument if one of these is below par. The overall structure and stability of the home is also a good negotiation point, if it is at all fixable. You definitely want to make sure these features are up-to-date before they become your responsibility!
Overall, what is negotiable is up to you and the seller. You don't know what a seller may be willing to work with, so don't be afraid to speak with your realtor on something you want to add to your contract.
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