Today I want to talk about a powerful tool in real estate negotiations: the BINSR.
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What is the Buyer’s Inspection Notice Seller’s Response document? More commonly called BINSR in the real estate community, it is a powerful tool that is used to request and negotiate repairs for a property. Today I want to talk about how you use it, the best way to use it, and common mistakes people sometimes make when using it.
The BINSR is a powerful tool that is used to request and negotiate repairs for a property.
I have provided timestamps below for you to jump to the sections that interest you most.
1:40 – Where the document comes into play
2:30 – What the buyer writes on the document
2:43 – The seller’s response
4:15 – A real example of the BINSR and its negotiations
5:35 – Where the document goes after completion
If you have any further questions about the BINSR, or if you’re interested in learning more about buying or selling, please feel free to reach out to me. I look forward to speaking with you soon.