by Christy Bieber | May 10, 2021
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You have options when the home inspection identifies issues.
When you are buying a home, you'll want to make sure you make your offer to purchase it contingent on the completion of a home inspection.
This means that a satisfactory inspection of the home is one of the conditions of the sale. If it turns up major issues, then you don't have to go through with the purchase.
The home inspection will be an important part of your home buyer checklist. It ensures you don't buy a home that has a lot of unexpected and serious issues.
But what happens if the home you want to buy undergoes an inspection, and it turns out that there are problems with the home? At that point, you'll have to make some tough decisions about how to move forward.
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If a home inspection reveals problems, there are a number of ways to handle the situation. You could:
The right option will depend upon the specifics of your situation, including the cost and the extent of repairs and whether the market is a seller's market or not.
If many homes in your area are selling for over the asking price or people are waiving the inspection contingency altogether, you're likely to be out of luck if you ask for repairs or a price reduction. But if a home has serious issues, you probably don't want to go through with the purchase anyway because you could be stuck making expensive fixes once you move in.
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