Home repairs are a vital consideration for buyers. Understanding the condition of a home is crucial to avoid unexpected costs. Buyers may negotiate after inspections by asking for repairs, adjusting purchase prices, or requesting repair credits during closing. The inspection report, containing unexpected findings, allows buyers to focus on significant concerns like roof damage or electrical issues. Less critical issues, such as cosmetic flaws, may not warrant negotiation. Sellers must disclose material facts if they refuse to address major concerns, ensuring transparency in real estate transactions.
Buyers have options to negotiate after a home inspection, including asking for repairs, reducing the purchase price, or opting for repair credits in closing costs.
Inspection contingency allows buyers to negotiate based on the inspection report, which often reveals unexpected issues that need addressing.
Focus on significant problems that impact safety or structural integrity, such as roof leaks, foundation cracks, electrical issues, HVAC problems, or pest infestations.
Material facts must be disclosed by sellers if they refuse to address them, highlighting crucial conditions that can affect future sales.
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