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Negotiating Inspection Issues: Less is truly more...
Preparation is everything. I counsel first-time buyers that their home inspection is primarily an opportunity for them to learn about their new home. The inspection will result in an owner's manual (the written inspection report) which they should save and review once each year that they own the property. This will help them keep up with the necessary maintenance of their home.
I remind them that their inspection contingency does protect them, in the unlikely event that the home has serious problems which we did not discover prior to making a purchase offer. If that is the case, the buyer can request that the seller either remedy the problem or make a financial adjustment in the buyer's favor. If a seller does not fix the problem, the seller risks losing the buyer plus has the burden of disclosing the property defect to any future buyer for the home.
With the benefit of also representing many sellers over the last two decades, I want buyers to concentrate on their top 3 priorities when making an inspection request. Over the years, I have seen most sellers are willing to correct 2 or 3 minor flaws in their homes. They are usually not willing ... more

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