ASSURANCE FOR YOUR INVESTMENT
You've written the offer and now it's time to do the inspection to assure you that the home is worth your investment. As you get ready for your appointment, remember a few key things to help keep the transaction running smoothly:
1. The inspection is a transaction between you and the inspector and essentially, the agent's role is to recommend inspectors if you need ideas, accompany you to the inspection, help to ask questions you might not have thought of and help you negotiate repair requests.
2. The inspection is just for you-and is to help you understand the long-term considerations (both big and small) and the short-term that might be worth asking for repair or replacement of the seller. Typically, however, you are looking for structural, code and safety issues that you are not willing to come into as the home owner.
3. Having said that, you can ask for all, some or none of the repairs the inspector recommends. And the seller can agree to all, some or none of the repairs you can request.
4. Discovered repairs are typically not grounds for price negotiation. The price was set in the purchase agreement and inspection is usually considered a separate type of negotiation.
5. When asking for significant repairs, you should ask your inspector who they recommend as the best type of professional to use for the repair.
6. Your inspector will send you a detailed report. It is your responsibility to read it thoroughly and understand what is in there. Ask your inspector directly about any questions you may have.
7. During the final walk through, pay close attention to anything you have asked for in repairs to ensure your satisfaction before you go to close.
8. Please be advised your Realtor and the brokering agency is not responsible for repair or replacement of any item in the home, at any time.