Real Estate Curve

Everything To Know About Real Estate

Jan-18-2008

Inspections are Important

It would be very unusual for an offer to be made on any building without an inspection clause. A structural inspection will advise the buyers as to the condition of the structure and all integral parts of that structure. This would include plumbing and electrical systems.

The inspector will not give the house a “pass” or “fail” grade. They will give the buyers a written report detailing what has been found. The buyers can then anticipate any expenditure they may need to make on the building. If the inspector has found a few minor problems the buyers may just go ahead with the deal as written.

If the inspection turns up more serious defects the deal may not go through or the buyers could possibly want to renegotiate their offer to reflect the cost of effecting these repairs.

Your Realtors® will help both parties renegotiate the deal if the structural inspection warrants it.

Posted under Home Inspections

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