Service Areas
About Lori Sheehan
Credentials
LICENSE
Designation
Seller Representative Specialist
Licensed Realtor
REALTOR
ABR (Accredited Buyers Representative)
Specialties
- Buyers
- Sellers
- Residential Property
Property Management, Luxury Property, First Time Home Buyers, Relocation
Awards
-
2026
TOP AGENT
Glen Cove, NY
2026
TOP AGENT
Oyster Bay, NY
2026
TOP AGENT
Glen Head, NY
Other Awards
2020 Leaders Edge Award, 2021 Gold Award, 2022 Presidents Circle Award, 2023 Gold Award
Answered Questions
This is a great questionaEUR"and a smart one. The short answer is: yes, there are protections you can build in, but what you can realistically get depends a lot on whether you're in a buyer's market or a seller's market, and whether you're purchasing resale vs. new construction. On an existing home; a Home Inspection Contingency is your biggest protection. It covers concerns like HVAC condition, mold, roof, electrical, etc. and allows you to negotiate repairs or credits or simple to walk away if the inspection reveals issues of concern. In a strong seller's market, the Seller will have the leverage and it may not be the best approach for negotiations. If items are small, move ahead and take care of them yourself. If a Buyer's market, you have more leverage to request repairs or credits. Credits are more appealing to seller's as they typically do not want to do the work. On new construction; You should have a Builder Warranty, a 1 yr warranty on workmanship and a 1-2 yr on your systems, HVAC electrical and plumbing as well as a structural warranty. Again do an inspection and a final walk thru inspection. This is important. Have a Punch List with you for you final walkthrough and document everything before closing. In a Buyer's market you have more leverage for repairs, credits or home warranty. Items should be completed or money to be put into escrow. I hope you find this helpful. Lori
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