Real Estate - Chase Giles - Giles Real Estate Team

Negotiating Inspection Items!

Watch this quick video on how to negotiate the Inspection Items.

NEGOTIATING INSPECTION ITEMS

The next step is negotiating the inspection items with the seller.

After receiving the inspection report, we will review it independently, then discuss the significant concerns together.

1. Focus on Major Issues: It's important not to overwhelm the seller with too many requests, as they may refuse to negotiate. Instead, we should focus on critical or deficient items.

2. PREACH Acronym: Use the acronym "PREACH" to prioritize key issues:

- P: Plumbing

- R: Roof

- E: Electrical

- A/C: Air Conditioning / Heater

- H: Harm (hazardous or out-of-code items)

These items represent the major concerns we should ask the seller to address.

3. Negotiation Process: After compiling our list of concerns, we’ll send it to the seller. The seller may agree to fix some items, refuse, or offer a dollar amount instead. We can also get quotes to determine if their offer is fair.

4. Working Together: This negotiation is flexible and varies depending on the seller.

As we move forward, feel free to reach out with any questions, and we'll navigate this process together!