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of California, Inc. Buyers and Sellers’ Guide. On the following pages you’ll find tips and information. x Buyer tours properties for sale. x Buyer finds a home and makes an offer.. x Buyer obtains home inspection and appraisal (if applicable). x Title company issues preliminary report. x Buyer.
When negotiating after a home inspection, buyers generally should ask for credits for work that needs to be done, instead of asking the seller to do repairs.
Even if the lender doesn’t specifically require them, it’s a good idea to have the inspections performed anyway – it can save you frustration and heartbreak down the road. If either of these inspections reveals major problems, it can delay the closing while you negotiate with the seller to remedy the issues.
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You have found a home you. not to back out unless major problems are found. An as-is home inspection gives both sides peace of mind. “If a buyer has to do a higher price because there were three.
I have a listing that was on the market two days. Prior to my taking the listing, the sellers had been listed with another agent for over 200 days and had two buyers walk away during the option period. In both cases, their listing agent EMAILED the inspection reports to the sellers. BOTH inspections had been performed by the SAME inspector.
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When problems are discovered, buyers have four basic options: Renegotiate with the seller to have the needed repairs made before the sale closes; ask for a lower sales price so the buyer will have the money to make the repairs after moving in; purchase the property "as is"; or cancel the sale and have their deposit returned.
Story Highlights. Generally speaking, no house is perfect, and the home inspector’s report is not a work list for the buyer. If the inspection turns up problems, most buyers and sellers end up getting them fixed before escrow or by including money in the final settlement of the sale to pay for the new roof or rusty water heater.
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Sellers of older homes often won’t fix everything, particularly if you negotiated a large discount on their price. Strategies for negotiating a home inspection. Every home and every seller is different, so you need to gauge the situation. Here are the most common scenarios that we see, and the inspection negotiations that go along with them.