How to Manage Red Flags Revealed during the Home Inspection
Are you in the middle of a home inspection process, and you recently found out some red flags in the property you’re about to buy? Perhaps you’re wondering what could be your next steps. Should you withdraw your offer to the seller or find someone who can fix those red flags? Don’t worry; we will help you with how you can manage those red flags.
In this article, we’ve curated a list of what you can do when you discover some red flags during the home inspection process. Keep reading to find out.
What Is the Goal of a Home Inspection?
Before we tell you about the things you can do, let’s determine the goal of a home inspection so that you can understand its importance. A home inspection is a necessary step that you must not skip when purchasing a home. Its goal is to detect the issues in the house you’re about to buy and give you valuable information to assist you in regular home maintenance.
After the home inspection, inspectors will give you or your real estate agent a detailed report covering the home’s major system and components, like the HVAC, electrical, plumbing, roof, window, etc. They may include photos for easy visualization, and you can ensure they will cover both the property’s interior and exterior.
What Are the Things You Can Do When You Spot Red Flags?
Now, let’s see what you can do if there’s a red flag revealed during the home inspection. Here are some of your possible next steps:
1. You Can Withdraw Your Offer
If you think the issues and defects are severe or your home inspector advised you that the repairs can be costly, you can freely withdraw the offer you’ve made to the seller. In real estate circles, these cases are called home inspection deal breakers. The deal breakers may include major structural or mechanical defects.
However, before you withdraw, make sure that you have a home inspection contingency stated in your contract because that will tell if you are allowed to escape the sale if you are not satisfied with the findings. If there is, you will get any escrow funds back which you’ve put down to bind the offer.
You can choose this option, especially if the seller is not amenable to making repairs or giving you concessions to fix the problems.
2. You Can Consider If the Problems Are Fixable
Let’s say the inspection report indicates that the house has a lot of unpleasant edges. In that case, try not to be so disappointed. Calm yourself down and double-check the inspection report. Then, note which parts of the home have been identified with problems by the inspector and check it for yourself.
Determine if it’s still fixable and if there’s something you can do about it. Remember, no home is perfect. Little did you know that the next house you like might have many of the same issues, so try to reconsider.
3. You Can Ask for Repairs
If you want that home, you can ask the seller to fix the issues found during the inspection. After all, they must ensure that the home they’re selling is in its best condition before they turn it over to you. If they reject any of your requests, renegotiate with them when necessary.
Whatever course you decide to pursue, always choose the one you will not regret in the long run. One thing that for sure you won’t regret when purchasing a house is hiring a home inspector. You will not come to this point if you don’t have a home inspection. So, make sure that you hire a home inspection service that gives reliable, fair, accurate, and honest reports.
If you’re looking for the best home inspection services in Birmingham, AL, you’ve come to the right place! Let’s Do It Home Inspections has a team of experienced, thorough inspectors that knows how to examine a home fairly and accurately. We can help you make an educated buying decision based on our expert input. Schedule your inspection with us today!