Buyers, sellers both have options when inspection finds problems

Buyers, sellers both have options when inspection finds problems

First, it should be emphasized that not all real estate contracts call for an inspection period. As a buyer you have to ask for it in your offer. In Arizona, the Arizona Association of Realtors’ (AAR) standard residential contract calls for a ten day inspection unless otherwise specified. To Inspect or Not

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Sellers of older homes often won’t fix everything, particularly if you negotiated a large discount on their price. Strategies for negotiating a home inspection. Every home and every seller is different, so you need to gauge the situation. Here are the most common scenarios that we see, and the inspection negotiations that go along with them.

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Depending on a number of factors, including the seriousness of the defect, you may have some options. This article focuses on the options for homebuyers who discover home defects after the sale. For related information, see Questions to Ask When Buying a Home and Types of Construction Defects. Disclosing Home Defects: Sellers’ Responsibilities

The home seller could potentially be liable for undisclosed problems under the following two situations: 1) If the seller gave the buyer some sort of warranty or guaranty. If the seller it would be liable under the terms of that document, to whatever extent (e.g up to whatever dollar amount) it specified.

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I have a listing that was on the market two days. Prior to my taking the listing, the sellers had been listed with another agent for over 200 days and had two buyers walk away during the option period. In both cases, their listing agent EMAILED the inspection reports to the sellers. BOTH inspections had been performed by the SAME inspector.

But timescales vary depending on the buyer’s and seller’s circumstances, plus conveyancing problems can. the house and the inspection is limited to what can be seen through the car window! OK, they.

When problems are discovered, buyers have four basic options: Renegotiate with the seller to have the needed repairs made before the sale closes; ask for a lower sales price so the buyer will have the money to make the repairs after moving in; purchase the property "as is"; or cancel the sale and have their deposit returned.

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