What happens when the inspector discovers a problem with the home that may
require an expensive repair or renovation. Perhaps the frame in
the front door is cracked; or there's a leak in the roof; or the
furnace is due to be replaced.
What do you do?
You don't want to pass up an opportunity to purchase what
could be your dream home. On the other hand, you don't want
to have to deal with potentially costly repairs.
First, keep in mind that you did the right thing.
It's always a good idea to get a home inspected by a
professional before the offer is finalized. A qualified home
inspector will go over the property with a fine tooth comb, top
to bottom, inside and out, inspecting the structure, electrical
systems, HVAC systems and more.
It's their job to find any deficiencies in the home and alert you
to them.
If a deficiency is found, your next best step is to discuss the
issue with your REALTOR®, and go over your options. Those
options may include amending the offer price to cover some or
all of the costs of the repair, or requiring the seller to get the
repair done before you move in.
Don't worry. This is a normal part of the negotiation process.
Chances are, an agreement can be reached that is satisfactory
to both parties - and gets you the house you want!
And, because you had a home inspection done, you'll know
the true condition of your home when you buy it. That's peace
of mind.
Need more tips on finding your dream home? Call today!
When shopping for a home, you'll find
many advertisements and flyers touting
that a listed home is in a "Great
Location".
But great for whom?
Before accepting the claim as fact,
decide for yourself. What is so appealing
about that particular location?
For example, you might find the
neighborhood ideal for families because
there are lots of kids in that area. But on
the other hand, if you're looking for a
quieter place to live, a street filled with
skateboarders might not be such a
"Great Location"-for you.
Not intended to cause or induce the breach of, cancellation of, assignment of, or to interfere in any way with the existing agency agreement of another Realtor.