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A re-inspection costs a fraction of the original inspection.) If you didn’t put down an Option Fee, and you didn’t write into the contract that the seller has to fix anything: Now you have to buy the house no matter what. You could ask the seller to fix the problems, or to drop the price of the house, but they’re under absolutely no obligation.
When problems are discovered, buyers have four basic options: Renegotiate with the seller to have the needed repairs made before the sale closes; ask for a lower sales price so the buyer will have.
About the Author: The above Real Estate information on the home inspection repair requests a buyer shouldn’t make was provided by Bill Gassett, a Nationally recognized leader in his field.Bill can be reached via email at [email protected] or by phone at 508-625-0191. Bill has helped people move in and out of many Metrowest towns for the last 29+ Years.
The home inspection is a very stressful point in the transaction for both buyers and sellers. It makes sense for both parties to have expectations that make sense. The respective Realtors working with their clients should be guides to making it a win-win.
First, realize that a home inspection does not release a seller from the responsibility to disclose known defects. Depending on various state laws, most sellers are required to disclose to a home buyer any material facts and things that might be wrong with the home. If a seller possesses knowledge, for example, that tree roots often creep into the sewer line and need to be removed from time to.
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At this point, McCallister says the homeowner doesn’t have too many options. "Contact an attorney. When we get to that point, we move out out of a real estate conversation and move to a legal.
When negotiating after a home inspection, buyers generally should ask for credits for work that needs to be done, instead of asking the seller to do repairs.
When an inspector finds defects in the property under contract, things can get tricky. Will the seller make the repairs before closing, cut the price or set aside escrowed funds to cover the costs?.