Our REALTORS® can't stress enough how important a home inspection is before buying. An inspection can save you a lot of money and some major headaches. But what happens next, especially if the home inspection turned up some serious issues?
The most important thing is not to panic. Home inspection issues might make you think twice about a house, but they shouldn't be an automatic deal breaker. When you get less-than-stellar home inspection results, here's what you need to know about how to proceed.
We see a lot of the same inspection issues pop up again and again. If you're looking at Southport homes for sale, keep an eye out for some of these issues and necessary repairs on the inspection report:
As a buyer, it's important that you have an understanding of contingencies before signing any contracts. Contingencies essentially lay out how you and the buyer may proceed if certain circumstances arise. Some of the most common are inspection contingencies, which give the buyer the ability to negotiate repairs or cancel the sale based on the results of a home inspection.
Be sure to talk with your REALTOR® about contingency options as you are getting ready to buy a house. You want your rights as a buyer to be clearly laid out, especially when it comes to inspections. Having this in place before you have an inspection carried out will allow you to be in control of the situation. Your contingency should include the following:
If the results of your home inspection come back with some serious problems, don't react too quickly. Hopefully, you have contingencies in place that allow you to walk away if you so choose, but that isn't always the best option. Weigh all the information to decide if you want to move forward with the sale, insist upon repairs, renegotiate the sale price, or simply back out.
Contact us today to learn more about getting a home inspection, and what to do next if the inspection reveals potential problems. We pride ourselves of helping our clients every step of the way on the road to home ownership.