Once an offer on a property is accepted, most buyers hire a professional home inspector to assess the condition of the home. The inspector will write a detailed report for the buyer to use in deciding how to proceed with the purchase.
Should the buyer
- cancel the contract and terminate the purchase;
- ask for the seller to complete repairs;
- or request a price reduction or purchase credit from the seller to cover repairs?
Unfortunately, many buyers fail to realize the importance of the home inspection. Keeping the factors below in mind can help ensure that you get the most value from the process.
Read Leonard Baron’s post at ZillowBlog.