: When buying a home, is there anything in the home inspection that the seller must fix before the completion of the sale?
How does the seller know the contents of the inspection
A: That’s a very good question. First, when you sign a contract to buy a house (whether it’s an existing or a newly built home), it should contain a home inspection contingency. A contingency gives you the right to cancel the sales contract and get your earnest money refunded if a particular condition is not met.
Will the home inspection effect the value? Contact the appraisers at www.scappraisals.com
There are, from my experience, two kinds of home inspections contingencies: (1) if the home inspector finds problems, regardless of what they are, you have the absolute right to back out from the sales contract; or (2) if the inspector finds problems, you present those to the seller and give him X number of days to correct or give you a cash credit. If the seller refuses, you can then decide whether to go forward with the purchase or walk away.
Personally, I like the first option; it gives the buyer a “cooling off” period. All too often, real estate contracts are entered into late at night when the buyer is both on an emotional high but at the same time emotionally drained.
Regardless, however, do not let anyone convince you not to have a home inspection. I have represented too many buyers who failed to get their house inspected only to find major (or minor) problems that could have been corrected before closing.
A good real estate agent should provide you with the names of at least two home inspectors.
You want to make sure that the inspector you use will be independent and not a mouthpiece for the real estate service that gives him the business.
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Green Real Estate Appraiser 