Buyers, sellers both have options when inspection finds problems

Holly I totally disagree that a home inspection is a "buyers time" and the sellers agent should not be allowed there. The buyer does not have the right to dictate who enters or leaves a home they are purchasing it until they own it! The seller deserves just as much representation at a home inspection. I attend everyone of mine.

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First, realize that a home inspection does not release a seller from the responsibility to disclose known defects. Depending on various state laws, most sellers are required to disclose to a home buyer any material facts and things that might be wrong with the home. If a seller possesses knowledge, for example, that tree roots often creep into the sewer line and need to be removed from time to.

Principals of Real Estate. 1) Buyer enters into a short sale agreement with seller with an option to terminate 14 days after the effective date using the TREC Short Sale Addendum. The effective date is February 5. The seller has until February 19 to notify buyer that.

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The further this reporter engaged with the seller. a mechanical inspection and send the report to you. When the vehicle is delivered you will have 5 days to test drive and have it inspected by a.

Both sellers and buyers should have a thorough understanding of home inspection contingencies before agreeing to, and signing the contracts. This is where your real estate professional is an asset-he or she deals with this type of contract contingency regularly and can offer qualified advice on how to proceed.

A bad home inspection has the potential to derail a real estate transaction, especially if what’s uncovered is an expensive problem, such as a leaky roof. You do have other options besides taking.

And over the past year, the steepest drop in supply has occurred among homes that are typically most affordable for first-time buyers and in markets where prices have. home inspection turned up any.

7 Worst Things to Hear in a Home Inspection.. to see the words ‘foundation problems’ anywhere in the home inspection or appraisal," he says.. offer protection for home buyers and sellers.

 · Luckily, buyers have the upper hand in this scenario. As long as you respond to the seller within the inspection timeframe and have a legitimate reason (i.e. you found the repairs too extensive) you will likely be able to walk away from the transaction largely unscathed. Most times, the sellers will just keep your initial deposit as collateral.