You found the house, your offer was accepted, and now comes one of the most important parts of the home-buying process: the inspection.
A home inspection can be exciting, and sometimes a little overwhelming. Inspectors are thorough, and their job is to point out what they see, from small maintenance items to larger concerns. That means even a well-maintained home can come with a lengthy inspection report.
But a long report does not necessarily mean it’s a bad house.
The key is determining which items really matter. Safety concerns, structural issues, water or septic problems, electrical concerns, roofing, heating systems and other major components deserve careful attention. A loose doorknob or peeling paint may be something you can tackle later.
After the inspection, buyers may have several options depending on the terms of their contract. They may ask the seller to make certain repairs, request a seller concession to help offset costs, accept the property as it is, or, in some circumstances, decide the home is no longer the right fit.
For sellers, receiving an inspection request doesn’t automatically mean you have to agree to everything. Inspection findings can become another negotiation, and sometimes a reasonable compromise is the best way to keep everyone moving toward closing.
This is where having good professionals around you matters. Your Realtor, inspector, attorney, lender and qualified contractors each play a different role in helping you understand your options and make informed decisions.
Buying or selling a home has a lot of moving pieces, but you don't have to understand every step before you begin. Ask questions, get the information you need, and make the decision that works best for you.
Until next month… Let’s Talk Real Estate!
Missy Willard
REALTOR®
Carl Guild & Associates
Serving Eastern & Central Connecticut