Ever wondered why a home inspection is so important?
even when a seller says “this home is sold as-is” you want to do a home inspection on the house that hopefully soon will be your home.
Buying a home involves money, quite a bit of money. You want to know what you are buying right?? What is good about the home, what’s bad, and what is “just the way it is”…
Based on the home inspection, where the inspector will go through the home with a fine tooth comb, under the home, and over the home, there may be things that need attention and repair. So, we will draft a Request for Repair and submit that to the seller of the home.
These repairs can be as simple as installing a smoke detector or strapping the water heater, to replacing a broken window to repairing a foundation that is falling apart.
Of course, some repairs are so huge that you may wonder if you want to move forward with the purchase of the home. A foundation that needs repair may not give you a good feeling and you may decide to cancel the escrow. As long as you are within the Contingency Period, this should not be a problem. (I’ll talk about the Contingency Removal Period in another post)
After submitting the Request for Repair, the seller may decide to do all repairs that you asked for, repair just a few or give you a credit on the purchase price. Negotiation is the key word here.
Know what you buy, buyer beware!