What are a buyer’s options after receiving a home inspection report?

After having your offer on a home accepted, a common next step is to have a home inspection. Rare is the home that will yield an inspection report that doesn’t call for attention to at least some non-trivial matters.

A buyer has two primary ways to respond to an inspection report. One is to submit an addendum to the sales agreement specifying that the seller will remedy items identified on the inspection report, employing qualified tradespeople and providing proof of completed work. Another option is to have the buyer receive a credit for closing costs and prepaid expenses, to cover the cost of the buyer having the issues addressed.

With Option A, the buyer has the peace of mind that an expert will have fixed a component of the house identified as requiring attention — furnace, water heater, etc. — and completed necessary repairs before he moves in.

It’s important to do a final walk-through before closing to make sure that issues buyer and seller have agreed will be fixed by the seller truly have been addressed. Naturally, you will want to obtain and keep proof that such work was completed. If something goes wrong during the period covered by the tradesperson’s warranty, having documentation will make it easier to get the problem resolved.

Option B might be preferred by some sellers. There is a school of thought that sellers should not examine any part of a buyer’s inspection report. Instead, this line of thinking goes, a seller should provide a credit for the costs of repairs and have the buyer take care of getting issues identified in the inspection addressed.

More responsibility falls to the buyer under Option B. Rather than having the seller arrange and pay for repairs, this buyer has to obtain estimates for the necessary work to receive a sufficient credit to cover repairs he will have done. Keep in mind that an estimate of the costs for a repair can be superseded once the work is done.

There are other options, of course, in working toward a compromise — such as using a combination of Option A and Option B to address whatever the home inspection report shows as needing attention.

Working with an experienced Realtor can help make the post-offer, pre-closing process go smoother for you. If you’re a buyer, I can help you decode a home inspection report while keeping the deal on track.

If you’re thinking of selling your home, I can help you negotiate a fair agreement arising from a home report. Whatever your status, I can assist you in your real estate transaction. Please contact me at (541) 383-1426, or visit Bend Property Search to connect with me through my website.

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Don’t Wait Until Next Weekend to View That Bend Oregon Home for Sale

real estat bend oregon

Planning on taking a quick vacation? Don’t wait another week to buy a home in Bend, here’s why…

Learn More about Why Waiting to View a Home Is the Wrong Thing to do during the summer

By Jason Boone

It’s the middle of July and although many people will be taking vacations going on vacation is not the right thing to do if you’re searching for a Bend Oregon Home for Sale.

Put Your Vacation on Hold

The reason why your vacation should wait is because during a competitive Real Estate market you could come back from your vacation and find out the home you were interested in viewing has either sold or there is nine other offers on it.

Be Accessible For Your Realtor

During your home search you must make sure you are accessible via phone, text or email.

Many times your Realtor will become aware of a Bend Oregon Home For Sale before you do and let you know a home is available before other buyers in the area have the opportunity to view or submit an offer on the home.

Get Pre-Qualified For a Mortgage Now

As a home buyer one of the biggest things you can do to make sure you’re really prepared to submit an offer on a home is to get pre-qualified for a mortgage loan.

Pre-qualification means you know the exact price range of the home you qualify for and it will also give the homeowner confidence knowing you’ve been pre-qualified and will be able to close escrow once they accept your offer.

Let Me Help you Find Your Dream Bend Oregon Home For Sale

To get started with your personalized home search contact me, Jason Boone, Principal Broker at Duke Warner Realty | Skjersaa Group by calling me at (541) 383-1426 or by emailing me at Jason@sgbend.com.

Jason Boone | Principal Broker, CRIS | Duke Warner Realty | Skjersaa Group
Oregon Real Estate Licensee | 1033 NW Newport Ave Bend, Oregon