A home inspection is a thorough examination of the condition of a home by a trained professional, usually done before the sale of the home. The purpose of a home inspection is to identify any major problems with the home and to provide a report to the potential buyer outlining the condition of the home.
As the seller, you are not required to make any repairs based on the results of a home inspection. However, it may be in your best interest to make some repairs in order to make the home more attractive to potential buyers.
If you are the buyer, you can ask the seller to make repairs, but the seller is not required to do so. However, the results of the home inspection can be used as a negotiating point in the purchase of the home.
There are many things that can be negotiated after a home inspection, including the cost of necessary repairs, the completion of necessary repairs before closing, or a reduction in the purchase price to compensate for necessary repairs.
To negotiate after a home inspection, it is important to carefully review the inspection report and determine which items are most important to you and which items you are willing to compromise on. It is also a good idea to have a clear understanding of the market value of the home and what similar homes in the area are selling for.
Who pays for required repairs after a home inspection will depend on the terms of the sale agreement and any negotiations that take place between the buyer and the seller.
If you have questions about a property you are thinking about selling, or just questions in general, fill out a form or give us a call at 504 264 1407