Home Inspection is not Solely a Negotiating Tool

When you are looking to buy a home in any state in the USA, it is essential and encouraged the buyer hires the services of a professional home inspector. It is the job of the home inspector to give the buyer an accurate account on the current condition of the house. They provide an outlook of any issues that could become problematic over time. It is best to be aware of any small repairs that if left to their current state may turn into high-cost repairs.

The inspector will check plumbing, heating and ac system, the roof, and the foundation to ensure the safety of the structure. They report on the condition, life expectancy, and an estimate of repair costs. Keep in mind, the finished report by the hired inspector may be extensive, especially if purchasing an older built home.

The purpose of the home inspection is to give the buyer a strong idea of what exactly they are purchasing. It allows the buyer to walk away from the purchase if the contract has an inspection contingency clause. What to consider if the home ends up with repairs and the seller refuses to pay for it—negotiate the price. Purchasing a home warranty is another option available.

Typically, the seller of the home should be doing the construction repairs, as it is their house and they are the ones trying to sell it. Yes, the home should be in a sellable condition, unless the contract is AS-IS. If the buyer has to hand over money for repairs, then the buyer should receive credit at the closing stage of the contract to compensate for the additional costs of repair.

Done Deal

Keep in mind, as the buyer, if you ask the seller to pay for repairs the negotiated price may change and not in your favor. The bottom line is that a home inspection is not for renegotiating purposes. It can be used as an asset towards negotiation, but a home inspection is to bring to light what you are buying and that the structure is safe.

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