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Austin Texas ~ What happens after buyer completes the home inspection?
Last night I got an email from my seller asking "What happens after the the buyer completes the home inspection?"
When I notified them the inspection was scheduled I explained the buyer and agent would review the inspection report and address any requested repairs on an Amendment and get it to me to present to them for review.  It dawned on my seller something was going to happen now that inspections are in process today and just wanted further clarification.  This is a very natural question to ask to further understand the process.
My reply to their question was: Remember we are in the option period and during that time the buyer needs to complete all inspections on the property. Once they have reviewed their inspection report they will discuss with their agent what repair concerns they have and request any repairs through an Amendment to the contract.  Then the buyer's agent will get the Amendment to me so I may present to  my sellers and we can review the requests.  It's what I call "negotiation time."  The seller can agree to the repairs if they appear reasonable, or can agree to make some of the repairs or respectfully decline to do any repairs.
The one fact that ... more

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