Now that we are under contract, one of the first contingencies we’ll be navigating is the buyer’s inspection of your home. The following is a summary outline of what to expect as the process unfolds:
It’s quite common for some negotiations to take place during the inspection process relating to a buyer’s requests and the seller’s responses to them. The main goal here is for us to negotiate a solution that provides you enough peace of mind or monetary compensation to be comfortable enough to continue on with the purchase.
Regardless of what request you make and how the seller may respond to them, you are only obligated to follow through with the purchase if the seller agrees to your requests. With that said, it’s quite common for buyer and seller to arrive at a resolution that may differ from the original request but ultimately satisfies both parties. Once we’ve reached mutual agreement on a remedy, the inspection contingency will be considered satisfied and behind us!
If, through our inspection negotiations, you’ve agreed to make any repairs, the buyers are entitled to have the inspector re-inspect and confirm those repairs were done correctly. In some cases where the remedy is an easily defined fix like a hot water heater or furnace replacement, a simple invoice will usually suffice without the need to have the work re-inspected. In either case, it’s still important to make sure that any repairs are completed on a timeline that allows for receipts/proof of work to be provided or re-inspections to happen in advance of our scheduled closing date.