Today’s topic is one that is near and dear to our hearts: inspections, from the buyer’s perspective.
When buyers move forward with purchasing a home, it feels very exciting… and then the inspection comes, and the buyer is given a 53-page report detailing everything wrong with the property. Yikes! However, with the right agent by your side, these inspections don’t need to be scary.
Inspections have a two-fold purpose: to find anything that needs to be repaired in the house, and to educate you on how to operate the systems and appliances within it. After the inspection, buyers have to decide which repairs they can realistically expect the seller to take care of. The level to which a seller might comply with these expectations can vary. If a home has been sitting on the market for a while, a seller might be willing to take care of more items. Ultimately, it’s all about negotiation. Buyers and their agents can ask for repairs, but should know that the seller doesn’t have to agree.
If the seller doesn’t agree to fix something, the buyer may terminate the contract and receive a refund. The important thing is to know that you can’t force the seller’s hand, as they may have a backup offer in their pocket. It’s important to weigh your options before pulling out of a deal.
Work with Brooke and Heather! They’ll take care of your inspection woes!