MAJOR ISSUES FOUND ON THE INSPECTION. NOW WHAT?
Buying a home represents a substantial decision, with the home inspection playing a key role. Discovering significant problems during this stage can lead to anxiety and confusion for both the buyer and seller. This article serves to offer clarity and guidance in such instances. THE PURPOSE OF A HOME INSPECTION A home inspection provides an impartial visual examination of a home’s structure and systems, highlighting potential issues requiring attention. Typical problems uncovered during home inspections include faulty wiring, insufficient drainage, roof damage, and structural complications. When serious problems arise in a home inspection report, the potential courses of action vary. OPTIONS FOR BUYERS FOLLOWING A TROUBLING HOME INSPECTION REPORT Price Renegotiation: If the home inspection exposes substantial issues, the buyer has the option to renegotiate the sale price, accounting for repair costs. Requesting Repairs: The buyer can ask the seller to address the issue...