The buyer’s home inspection is an essential part of the home buying process. But what happens if the inspection reveals problems with the property? What does that mean for you?
It is not uncommon to see a few faulty items listed on a home inspection report. The important thing for you to know is what those faulty items are, and how serious the problem is.
By way of example, if defects are noted for items such as a few loose roof shingles, or smoke detectors that are not working correctly, these are issues that can be easily fixed and won’t cost too much money. On the other hand, if the problems listed are much more serious such as structural damage, mold, or wood rot, etc. then the cost to fix these issues will be much greater. The problem may be so big that you will have to either renegotiate the sale or even back out of it altogether.
As you can see by these examples, the buyer’s home inspection is designed to discover any problems the home has that may affect your final decision. A home inspection is crucial to ensuring your new home is a sound investment.
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