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Welcome to your constantly updated resource for news and views on the Brookline Real Estate market. Here you will find commentary and statistics to explain the daily changes in the Brookline specific housing market.

Whether you're looking for an estate in Cottage Farm, a condo in Brookline Village or are just stopping by please feel free to read along and comment at will. If you are interested in speaking about renting an apartment, buyer representation or listing your home please feel free to contact me.

Friday, May 09, 2008

You've had your Inspection, now what?!?!?

So, I've returned from a week away visiting family and friends and I have sitting on my desk a postcard advertising a "Home Inspection Response" Program. This is actually a great resource. So many times we as sellers or selling agents get a punch-list of items the buyers want repaired or replaced prior to closing. Each little item needs a different contractor to come in and fix one minor little thing here and there. The problem is, getting the busy contractors to block the time to come do a job that most likely won't be that profitable for them. I've always felt the need for someone to fill this niche and now it looks like one company is doing so.

What this means for sellers is they should be able to negotiate a little harder on inspection issues. In the past the negotiation would include money in increments of $500. For example, when I bought my place two windows needed to be repaired, and we knew a window contractor would never come in for such a small job. We requested $500 at closing and we're still living almost 2 full years later with the broken windows.

More recently, sellers of mine needed an electrical outlet fixed. Buyers had requested a similar credit, but we were thankfully able to find someone to come in for about 10% of the cost the buyers had requested. When you consider the money that quickly adds up at a closing table, being able to save $500-$1000 here and there is a huge benefit.


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The views expressed on these pages are the opinion of the author and any public contributors. They do not substitute for the advice of a legal or financial professional. These opinions are not representative of any firm or business. Please always consult an attorney, financial professional or sign a contract with a Buyer Agent or Seller's Agent for specific advice.