Vanessa Saunders MBA MIMC - THE COMPLETE GUIDE TO BUYING A HOME

consideration. In these cases, you have options. You can negotiate with the seller to have the repairs completed before closing, or you can request a price reduction to cover the cost of fixing them yourself. However, it’s also possible that you’re comfortable with the price you’ve already negotiated, even if it means handling small repairs after moving in. Typically, only significant “red-flag safety” issues—such as faulty wiring, structural concerns, or other hazards—become serious negotiation points. For smaller items, like a dripping faucet or a missing door handle, you may decide to let them slide in favor of moving the deal forward smoothly. Discuss with your agent if it's worth negotiating with the seller to make the repairs or request a price reduction to cover your costs.

3. Major Problems Are Uncovered:

If the roof is caving in or the foundation is cracking, it’s time to reconsider. Depending on your contract contingencies, you may be able to renegotiate the price, ask for repairs, or walk away altogether. When to Walk Away Sometimes, even the most promising house just isn’t worth the trouble. Walk away if: • The seller refuses to address dangerous or costly issues. • The repairs needed are too expensive or likely to cause a domino effect of other problems. • You simply feel uneasy about moving forward. "Trust your gut—we’ve all heard the cautionary tale of the 'Money Pit.' But don’t stop there. Lean on your real estate team for guidance; they’ve seen it all and can provide invaluable

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