You know residential property negotiations don’t necessarily end when you and the seller sign the contract to purchase. That’s of course because you have the right to have the home you’re buying inspected for soundness, which you can include as a contingency to your offer during the due diligence period. This protects you, if the inspection reveals a serious issue, so you and the seller can address it through renegotiations.
During the inspection process, the inspector is required to tell you about the major components of the home such as, condition of the appliances, heating and cooling, electrical and plumbing systems, foundation, roofing, exterior materials and so on.
I also highly recommend you get separate inspections for pests and environmental issues such as radon, and also learn if your future home is up to current building code standards and if not what needs to be done to bring it up to code. You’ll also want to be sure and check., if applicable, any updated or added space such as a renovated basement or porch for current permits!
Once the inspections are complete, you have to decide if any problems found are worth renegotiating. This is a risk because your existing contract is no longer in force when you go to renegotiate, and the seller is free to accept another offer and/or refuse to update or fix the home. You’ll want to think about renegotiating only for large problems such as a system that is unsafe or expensive to replace.
Most sellers expect to make reasonable repairs and replacements if the inspection reveals an issue that wasn’t obvious when you first agreed to terms. As long as communication remains open and civil, the seller should have as much desire to make the sales contract work as you do. Questions? Message me and I’ll be more than happy to help!
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Thanks for reading and good luck!