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2012-03-27 08:56:20
How to deal with the home inspection Report

Most San Diego home buyers know its a good idea to hire professional home 
inspectors to give their property they’re about to purchase a thorough inspection.
But what if issues arise during the home inspection? Sometimes it can be difficult
to know when to ask for repairs, a home allowance, or simply walk away from the
deal. Check out these tips for taking home inspection problems in stride.
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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