Many buyers dread their home inspection, and you can see why in a way. This is when you will find out whether your new home is going to be as safe and structurally sound as you want it to be or if it’s got a lot of problems that are going to need to be addressed. Even if the home doesn’t pass the inspection though, you don’t need to give up completely. There are some things you can do to get things back on the right track again.
Know as Much as Possible Before the Inspection
One of the worst things about discovering problems with the home from your inspection is that it so often comes as a shock. You should do what you can ahead of the inspection to minimize that. By being realistic and understanding the problems similar homes often have, you can set your expectations lower. You should also talk to the seller and find out what problems they’re aware of. It’s best that this kind of stuff is all out in the open.
Talk to Your Agent
When the inspection comes back and the news isn’t great for you, you should immediately talk to your agent. They can help you assess the problems and then formally request that the seller make changes to the home and carries out repairs before the sale goes ahead. This shouldn’t necessarily apply to a small problem, but bigger ones like structural issues should always be covered by the seller before you move forward.
Consider the Impact on the Price
One of the things that will be impacted by a poor inspection report is the price you can expect to pay for the property. You shouldn’t necessarily feel that the agreed price is set in stone if the inspection has thrown up some problems that nobody was really aware of before. The situation has changed, and that means the price can change too. You might be able to get a better deal in compensation for the problems found during the home inspection. It’s really the least you should expect.
Understand Your Options
It’s best to always keep your options open when you’re responding to problems with the home. There are many paths you can go down. You can start by requesting the seller carries out repairs. You could also renegotiate the deal in a way that reflects the new information found out about from the home inspection, or in some instances you might just decide to carry on with the purchase as is. That last option usually only applies if you feel like you’re already getting a very good deal on the property.
The prospect of a home not passing a home inspection is not something many home buyers even want to think about. But it’s something that does happen, especially when you’re buying an older home. However, it doesn’t need to be all doom and gloom because you can still move forward and maybe even still buy the home if you choose to.