Reduce Sale Price After Inspection?

[Isa Anna]

# Step 1

Be sure your purchase contract includes an inspection clause that makes your obligation to purchase the home dependent on the results of a professional home inspection performed within a stated period of time (usually 10 to 15 days) during the sales transaction.

# Step 2

Hire a professional home inspector to inspect the home within the contingency period.

# Step 3

Review the condition of each item listed on the home inspection report; decide if the condition of each item or component is acceptable or unacceptable to you.

# Step 4

Obtain estimates on repairs or replacements described in the home inspection report if estimates are not provided by the home inspector.

# Step 5

Compare your original offer to the estimated costs of any repairs or replacements.

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[Isa Anna]

A home inspection is a look-over of a property in connection with its sale. As soon as you obtained the inspection report, you should determine the problems that the seller should repair and the features that you are likely to accept as is. However, after home inspection, negotiation comes in. Negotiating your way in term of the things you and the seller want and need depends on the skill that you have. A good negotiation generates good results from both parties and ensures that you pay a fair price. It also equates to how a seller may not be able to cheat you in terms of pricing and the available facilities.

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