Don't Walk Away From That Inspection: Here's How We Saved $30,000
Ravi & Sijy - The Rams Group | Seattle & Eastside
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Don't Walk Away From That Inspection: Here's How We Saved $30,000
17 просмотров · 23 ч назад
Ravi & Sijy - The Rams Group | Seattle & Eastside
367 подписчиков
17 просмотров · 23 ч назад
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Can you negotiate after a bad home inspection? Yes. On this Kent, WA purchase, real contractor bids and the HOA's approval in writing turned a hidden structural and moisture problem into $20,000 off the price plus a $10,000 seller-paid closing-cost credit, for $30,000 saved on a $450,000 home.
My buyers were shopping around $450,000, well below the area's typical sale price, where listings stay scarce. When the inspector found a hidden structural and moisture problem under the house, a lot of buyers would have panicked, walked away or waived the inspection to compete. We treated it as an opening move instead. Every repair number we brought back was backed by an actual contractor estimate, and because the home sat in an HOA, we got their sign-off on the repairs confirmed in writing. We went back to the seller fully prepared, and the whole negotiation was done in about four days. I walk through every step, from the buyer consultation and NWMLS alerts to the final ask.
What should you do if the inspection finds a structural problem? Don't panic, walk away or waive it. Get real contractor bids first, so your request is based on numbers, not guesses.
How do you negotiate repairs after an inspection? Go back to the seller with the inspection findings, the contractor estimates and any approvals already in hand.
Do you need HOA approval for repairs? If the home is in an HOA, yes. Don't assume they'll rubber-stamp it; get the approval in writing before you negotiate.
How do you compete in a tight price range? Do your buyer consultation and get your financing lined up before you start touring, so you can act the moment the right home lists.
Have you ever had an inspection surprise? Did you renegotiate, walk away or waive it? Tell me in the comments.
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Video Chapters:
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0:00 - The inspection problem that almost killed a Kent home deal
0:36 - Seattle and Eastside buyer's agents: who we are
1:08 - Buying a $450K home in a tight price range
1:36 - Finding a home to fight for when inventory is thin
2:00 - Buyer consultation and NWMLS alerts: how to move fast
2:55 - Hidden structural and moisture problem at inspection
3:28 - Using real contractor bids to negotiate repairs
3:47 - Getting HOA approval for repairs in writing
4:38 - The result: $20K off plus $10K seller-paid closing costs
5:30 - 4 lessons for buyers in a tight price range
6:21 - DM me "WIN" for this approach
6:45 - Next: the buyer checklist to avoid overpaying in Seattle
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Ravi & Sijy Ramachandran · The Rams Group at eXp Realty
Ravi Ramachandran, Managing Broker · Certified REMLO · NMLS #2821188
Real estate services through The Rams Group at eXp Realty. Mortgage services through Texana Bank Mortgage, a division of Texana Bank, N.A. | Member FDIC | Equal Housing Lender | NMLS #407536 | 1680 Keller Pkwy, Ste 100, Keller, TX 76248
WA License #27813 · Equal Housing Opportunity.
Individual results vary. Every negotiation depends on the property, the inspection findings and the seller. This video is general information, not legal or financial advice.