Behind the Scenes with Agent Amy from Coastal Alabama, S2022, E2 Home Inspection Options
🙌 🙌 🙌 Make It Work! That’s what I do!
🔎🔎🔎 There are many options when a homebuyer orders a #homeinspection and it comes back with items to needing to be addressed.
Often, a buyer will list the inspection as a contingency on the contract when purchasing a home. This is an opportunity to check it out, see if there are any major issues or health | safety problems.
Here, I lay out 3 options that I have used in the past when items show up on the inspection report.
Option 1️⃣ Accept ✅ the inspection report as it is presented. The report may list minor/minimal things on it or it may have nothing listed (rare). So, the buyer removes the inspection contingency and the home purchase rocks on.
Option 2️⃣ Reject it and back out of the contract. Sometimes, the list will be so long and the repairs so extensive that it totally turns off the buyer. At that point, as long as it is a contingency and within the agreed time per the contract, the buyer can rightfully back out. Always, always discuss this with your REALTOR®️ to figure out your options. This does not usually occur.
Option 3️⃣ Multiple solutions that are negotiated between both parties. This is often what I suggest when the inspection report comes back with a list of repair items. Obviously, I would suggest that the buyer ask for safety, health, regular maintenance and repair issues be taken care of. It’s possible that the homeowner was not aware of the repairs that needed to be done. 4 potential solutions: 1. Buyers ask for all items to be taken care of. 2. Buyers ask for no repairs but want either (and possibly both) a reduction 👇🏼👇🏼👇🏼 💰 in the price of the home or for the sellers to pay 💴 some or all of the buyer’s closing costs. 3. Buyers ask for some of the repairs AND a reduction in sales price and/or credit at closing for closing cost.
👉👉👉There are many options here to make the deal work
👉👉👉out and rock on to closing. The seller does have the
👉👉👉option to counter back, but that’s a whole other
The whole process typically is workable. It’s rare that I experience someone totally rejecting an inspection.
For more information or questions contact me at 251-709-4331.
Amy Cuny, Broker @ ARK Real Estate
#Realestate #Inspections #Contracts #HomePurchase #HomesForSale #HousesForSale #RealestateAgent #LocalBusiness #AgentAmy #LiveOnAlabamasGulfCoast #AlabamaGulfcoast #RealestateAgentAmy #Fairhope #OrangeBeach