What if my Home Receives a Bad Home Inspection?
It can feel like a nightmare, you’re just a few steps away from closing and your buyer approaches you with a lengthy list of repairs as a result of a home inspection. But if you’re not ready to comply all their demands, what do you do? Well, the good news is that you have options.
First thing to know is that most buyers will choose to have a home inspection. A home is a major investment, so it's just smart to have a home inspection. Second, it's very common to have a "less-than-perfect" home inspection. But it doesn’t mean the contract is in jeopardy! It really just means that you need to be ready to negotiate. Sometimes buyers don’t understand that they are buying a used home and not a brand new one.
Of course you can always walk away from the deal, but in our experience, it’s usually best to try and strike a compromise with your buyer. Review the report and discuss it with your realtor. Your realtor will help you negotiate solutions that are generally accepted in your area. Sometimes buyers will agree to a compromise where the seller agrees to some of the repairs but not all them. Other times, buyers will agree to a lower price or a credit. It all ultimately depends on the buyer's preferences. And a good negotiator is able to help both parties reach an agreement they find satisfactory.
When you decide to sell your home, you'll no doubt have a lot of questions. This is exactly why you need to work with a professional, experienced real estate consultant. BHURDinUtah agents are knowledgeable, trustworthy and treat you like family. Call or text us today to find out just how easy and hassle free we can make selling your home.