What Happens After a Home Inspection?
Buying a home is an exciting process but involves paperwork, legal documents, and inspections. One critical step in the process is a home inspection.
A home inspection can affect whether or not you decide to purchase a property. The detailed written report includes a description of the home's current condition, including any issues.
While the process can feel nerve-wracking for potential buyers, understanding what comes after the home inspection can give important insight into what lies ahead. After all, most people want to know the house's condition before signing on the dotted line.
Steps After the Home Inspection
Receive the Inspection Report
The home inspector will prepare a detailed written report with images for the buyer. The report will include the various categories covered in the inspection. At Kenco Home Inspections, our expert inspector will review the information with you and answer any questions.
Share Report with Real Estate Agent
We provide the report to the party who requested and paid for the inspection. For a buyer's inspection, we will send the report to the buyer. Then, you can share the inspection report with your real estate agent.
Your real estate agent should review the report and work with you to decide if you want to ask the seller to remedy any issues discovered during the inspection. The sales contract includes deadlines for the inspection and requests for repairs.
Negotiate with the Seller
Once the buyer decides to ask the seller to address issues, each party's real estate agent will proceed with negotiations. Buyers may request repairs or a price reduction depending on the inspection findings. Sellers may agree to make repairs or offer a credit at closing.
If the seller refuses to make repairs or adjust the price, the buyer usually can walk away from the deal based on the sales contract.
Provide Proof of Repairs
Before the closing, the seller must provide proof that they had any repairs they agreed to completed. They can typically provide receipts to show the service was done by a professional.
The buyer usually has a final walk-through before the closing to ensure the property is as agreed to before they sign the closing documents to take ownership.
Closing
Once negotiations are complete, the buyer can move forward with closing on the home. Buyers will sign all the necessary paperwork and pay closing costs during this process. After the closing, the buyer will officially own the home.
Understand the Home Buying Process
The home inspection process doesn't need to be complicated. We're here to help you make an informed decision about your purchase. With Kenco Home Inspections, you can trust that our experienced home inspectors will provide a thorough report to help you make the best decision for your family and future.
Contact us with questions or to schedule a home inspection in Southeast Florida.