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Good home inspectors are busy; it’s important to book one quickly.
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Inspections can range anywhere from an hour up to four hours, depending on the inspection and size of the home. Buyers and their agent typically attend the home inspection.
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Some inspectors issue reports onsite; while others will email you a report within 2 days.
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Discuss the report with your agent to gain perspective and context; often reading about home’s defects is scary when the reality is the defect may be relatively minor. Tip: Every home has defects.
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The buyer decides if, what, or all that they would like repaired. In lieu of repairs, a buyer may ask for a price reduction. This will be submitted to the seller and the seller’s agent.
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The seller may agree to make the repair(s) or issue a credit. The seller may also elect to make some, or no, repairs. There may be some negotiating.
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Once the buyer and seller agree, the inspection contingency can be removed.
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If the seller makes repairs, the buyer will have the opportunity to confirm the corrective work before closing. Sellers are generally required to provide receipts to buyers for the repairs.
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If the buyer and seller don’t reach an agreement, the buyer has the option of voiding the contract.
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