TRR stands for Treatments, Repairs, and Replacements. Learn how to negotiate with the seller and make sure the home is up to your standards.
Congratulations on making it this far in the home-buying process! After the inspection process, you and your real estate agent will submit a document called the TRR (Treatments, Repairs, and Replacements). This document will list all of the pest treatments, repair, and replacement items that you want to be completed before the purchase of the home is finalized.
Your real estate agent will also include licensing requirements ("to be corrected by a licensed electrician"), preferred vendors and reference the inspection reports in this document. This will initiate another round of negotiations with the seller, and the typical negotiation period for this is seven days. However, an agreement can be made at any point in that week.
During the negotiation process, it's important to stay focused on the major issues and avoid nitpicking on small items. Keep in mind that the purpose of the TRR is to address any major issues found during the inspection process.