How do you handle home inspection issues?
Home Inspection Issues
Once you’ve found your perfect home, you’ll go into contract. And part of that contract will include getting a home inspection. Actually, if you don’t want a home inspection on a purchase, we will make you sign a waiver.
The contract automatically has wording that makes the contract contingent to a home inspection. In fact, major issues may be discovered during the inspection. If you either you don’t want them repaired, or the seller is unwilling to repair, the contract can be declared null and void.
Most of the time the home inspector will find some problems. Major foundation issues, water damage, or mold are signs that you should walk away from this house. However, not everything is a deal-breaker. Quite often issues arise during inspection that can be fixed. And you can use this to negotiate with the seller, perhaps by adjusting the selling price or help with closing costs.
If the home was built before 1978, it’s quite possible that there’s lead paint in the house. If there is, it’s up to you to decide how you will proceed with it. Either you or the seller can hire a contractor who is certified to remove lead paint and make the house safe.
Cracks in the concrete floor.
This may seem like a structural problem, this is not necessarily a sign of significant damage. Small cracks occur. These can be fixed or filled relatively inexpensively, and as long as the cracks aren’t too large there’s no reason for you to kill the contract because of it. Listen to your inspector’s recommendations.
You never want to see mold in home. But just because you find some mold in the shower, you don’t need to back out right away. Have a qualified inspector take a look. Find out if it can be easily removed or if it’s a serious issue.
Wood destroying insects.
Another possible home inspection issue he best way to know there is damage is to have a professional inspect the situation. In fact, you’ll need a clean certification to get your mortgage. However, if the inspector finds evidence, the walls may need to be opened. But repairs can be made. If the seller is unwilling to pay for the repairs, you decide if you want to pay or walk away.
In terms of issues with HVAC systems or appliances, this can be taken care of relatively easily by having the seller purchase a home warranty. The warranty will cover the furnace, hot water heater, air conditioner, dishwasher, washer, dryer, refrigerator, stove and built-in microwave. If any of these things cease to work, you make a phone call, pay a small co-pay under $100, and the warranty company will fix or replace at their discretion.
So remember – your inspection will almost always find some issues. But not all are serious enough to cancel the purchase.
Are you ready to either buy or sell a home? Contact us