Inspections and Appraisals
Negotiating inspections and appraisals for your home in New York is a crucial part of the selling process, and I’m here to guide you through it every step of the way. Here’s how we’ll handle negotiations during inspections and appraisals:
- Inspection Process:
- Coordinate Inspections: Once we receive an offer on your home, the buyer will typically schedule a home inspection. I’ll coordinate the inspection appointment and ensure that you’re informed of the date and time.
- Review Inspection Report: After the inspection, the buyer’s inspector will provide a detailed report outlining any issues or concerns discovered during the inspection. I’ll review the report with you and help you understand the significance of each item.
- Address Repair Requests: If the inspection reveals any significant issues or safety concerns, the buyer may request repairs or concessions as a condition of the sale. We’ll discuss the buyer’s requests and determine the best course of action, taking into account the cost of repairs and their impact on the sale.
- Negotiate Repairs or Credits: If necessary, I’ll negotiate with the buyer’s agent to reach an agreement on repairs or credits. We’ll work together to find a fair resolution that satisfies both parties and keeps the transaction moving forward.
- Appraisal Process:
- Schedule Appraisal: After inspections are completed and any necessary repairs are addressed, the buyer’s lender will order an appraisal to determine the fair market value of the property. I’ll coordinate the appraisal appointment and ensure that your home is accessible to the appraiser.
- Review Appraisal Report: Once the appraisal is completed, the appraiser will provide a report outlining their valuation of the property. I’ll review the report with you and discuss any discrepancies between the appraised value and the agreed-upon sale price.
- Address Appraisal Contingency: If the appraisal comes in lower than the agreed-upon sale price, the buyer may request a price reduction or renegotiation of the terms. We’ll work together to evaluate the appraisal report and determine the best course of action to keep the sale on track.
- Negotiate Price Adjustments: If necessary, I’ll negotiate with the buyer’s agent to reach an agreement on price adjustments based on the appraisal results. We’ll strive to find a solution that is acceptable to both parties and allows the transaction to proceed to closing.
Throughout the negotiation process, I’ll advocate for your best interests and keep you informed of all developments and options available. My goal is to ensure a smooth and successful transaction while protecting your interests as a seller.