What’s the next step after you’ve completed a home inspection? That’s what we’re taking a look at today.
Selling your Lake Norman home? Check out our free home value report
Buying a Lake Norman home? Search all homes for sale
You’ve just completed the home inspection on a property. What happens next?
The home inspector will provide a comprehensive report within a day or two of your inspection. It will be very detailed, including notes and pictures of all items found both on the interior and exterior of the home. You and your real estate agent will look at that report together, highlighting the items you want repaired.
There are several ways to request repairs from the seller. We can ask for them to make the repairs themselves, we can ask them to give us a credit, either on the purchase price or via closing costs so you may fix it yourself, or a combination of the two.
“The seller doesn’t have to make any repairs if they don’t want to.”
Here’s my rule of thumb when it comes down to deciding which option is best. If it’s really important to you how the repair is made, it might be a better idea to ask for a credit. If it’s not so important to you, then just ask the seller to fix it on their own. The credit option definitely allows you to be more in control of the type of repairs that get done.
But, keep in mind that the repair does not have to be done. The seller is not required to make any repairs if they don’t want to. Essentially, you are purchasing the home “as-is.” The seller has the option to agree to the repairs, deny them, or they can come back with a counter. You also have the ability to walk away from the transaction at the same time.
If you’re thinking about buying a home and need a guiding hand to make sure you’re making the best decision possible, don’t hesitate to reach out to us. Give us a call or send us an email. We are happy to answer any questions you have about the process.
Find More Valuable Information & Read Our Blog!
ROOST Real Estate