Here’s why we recommend home inspections and how disputes are resolved.
Home inspections are an essential part of most real estate transactions. We advise all of our buyers to have a home inspection done before putting in an offer on a home. The inspection will identify any major deficiencies in the property that could be red flags.
Most inspection reports come back with a laundry list of imperfections that can cost anywhere from $2,000 to $5,000 to fix. I’ve yet to see a home without problems, even if it’s brand-new.
If there are issues that come up during your inspection, here are your options:
1. Ask the seller to fix the deficiencies. This is probably the least favorable since you don’t know how they’re going to be fixed.
2. Get an abatement for the amount of the deficiencies. We can reduce the price by that amount if needed.
3. Accept the property as is.
4. Walk away from the transaction.
If you’re a seller, we always advise that you get a pre-listing home inspection so you can fix those small little items before going on the market. If there’s a big item, at least buyers will know before they submit an offer. If it’s been disclosed, people are usually OK with it. If they find out after the fact, they tend to get a little angry. Our advice is to always make sure you have a home inspection.
If you have any questions for us, don’t hesitate to reach out via phone or email. We look forward to hearing from you soon.