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How to deal with the home inspection Report
Most San Diego home buyers know its a good idea to hire professional home
Checking the report thoroughly
There are many styles of reports used by property inspectors such as checklists,
computer generated inspection programs and even hand written reports. The most
important issue with an inspection report is the descriptions given for each item or
component. A report that indicates the condition as 'Good', 'Fair' or 'Poor' without
a detailed explanation is vague and can be easily misinterpreted.
There are nearly always a few items on the inspection report, which could range
from very minor repair projects to major structural issues. Determine which problems
you can handle and which will require a professional. These are the issues that you
will need to address with the seller prior to the closing.
Click here to see a Sample Report
Options After Report (Negotiating)
It is important to be aware that there are very few existing homes that are so
well-maintained that they will have nothing that needs repair.
There will almost always be the normal 'wear and tear' such as cracks
in tiles, walls and torn window screens.
There are several ways to handle negotiations after the home inspection. First,
you can ask the seller to make the repairs prior to the closing, providing you with
proof that the work was done. Second, you can request additional funds in escrow
after the closing of the home so you can make the repairs yourself.
Finally, you can also ask for a lower purchase price to help offset the repair costs
once the home is officially yours.
You must remember if the seller does agree to make the repairs, they will want to
spend as little as possible on the repairs. You, however, will want them to spend the
money in order to get quality and lasting repairs. The best way to deal with this is to
have the repair negotiations in writing so your inspector can see it and approve the work.
Keep in mind, the seller may not be willing to make the repairs for you, either due to time or
financials. While many buyers opt for the lower purchase price to accommodate for the
repairs, this decision means you will have to come up with the money for repairs yourself,
since you won't see actual cash handed over. If you choose instead to have money left in
escrow, you will have funds readily available to handle the repairs right away.
In a few cases, the best option will be to walk away from the deal.
While this can be difficult. Finding a house that is as structurally sound
will benefit you in the long run.
Home inspections are very important so you must be sure to hire competent inspector.
Be sure to read Choosing a Home Inspector in San Diego.
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