A home inspection is an integral part of buying a home. It gives you an accurate look at important systems so you can get a true value of the property. Also, you can use the results in negotiations. Knowing how to do this will ensure you end up with the best price and make all the right decisions during the process.

How to Use a Home Inspection During Negotiations

1. Ask for Money

When you negotiate, you have three options: the seller will lower the price, give you money for repairs, or repair the issue. Always choose money. Because they’re moving, they may not put much effort into the repairs. Also, you won’t know which contractors they use or if they’re from a reputable company. When you have the money, you can address the repairs exactly how you want and be confident in the results.

2. Don’t Focus on Cosmetics

A home inspection is meant to uncover serious issues like damaged plumbing, a mold infestation, or foundation cracking. If the doorknobs throughout the home are dinged or there’s a hole in the wall, don’t put your negotiating emphasis on these problems. It can be unrealistic to address every single thing, and the owner may not give you the best discount because of the hassle. Focus on the big picture to avoid costly repairs and future problems.

3. Know When to Walk Away

If the home has serious problems, such as faulty wiring or a shifting foundation, a significant discount is likely warranted. If the seller isn’t willing to go low enough, know when it’s time to walk away. When you give in, you’re setting yourself up for future problems and expenses. Walking away may entice them to come back with a lower price, and at the least you’ll be confident you’re not making a mistake.

If you’re ready to schedule a home inspection, turn to the team at Prior to Purchase Inspection Services. Serving the Greater Cincinnati area and Northern Kentucky, they offer comprehensive home inspection services. Their diligent team can handle radon testing, mold testing, and more, and will make a thorough inspection of your residential or commercial property to ensure you’re getting the best deal. Call (859) 802-8561 to speak with a representative and visit their website for a full breakdown of their services.