Home Inspections - Items That Are Not Deal-Breakers

By
Real Estate Agent with Bennett Realty Solutions MD#634275

Home Inspections - Items That Are Not Deal-Breakers

After making an offer on a home, you'll enter into a contract. Part of that contract should always include getting a home inspection. It is recommended that any homebuyer make an offer to purchase contingent upon a home inspection. This allows you to withdraw your offer if there are any major issues discovered during an inspection.  More than likely, the home inspector will find problems that need to be fixed before closing. Major foundation issues and significant water damage are at the top of the list of signs to walk away from.
On the other hand, there are some home defects found during an inspection that don't have to be deal-breakers. Many of them can be fixed, and they can be used to negotiate with the seller for a lower price point or additional help with the closing costs.
Lead-Based Paint
Lead-based paint was banned in 1978, but it's still possible that you could purchase a home that contains it if it was built before the ban. The sellers should disclose this, but the home inspector may find it, as well.  Ultimately, it is up to you to decide how comfortable you are with purchasing a home that has lead-based paint, but it doesn't have to be a deal-breaker. You can hire a contractor who is certified to remove lead-based paint, and the home will be completely safe.
Concrete Floor Cracks
Cracks in a concrete basement floor may seem like a structural problem, but this is natural and not indicative of significant damage. Small cracks occur in concrete because it's a porous substance. These cracks can be fixed at a relatively low cost, and shouldn't be a reason for you to back out of a contract. What is something that's cause for concern are cracks in concrete walls, as these may or may not be associated with the structure. If the wall has moved or if the cracks have a large opening, then these would be deal-breakers.
Mold
Mold is something that no one ever wants to see in a home you put an offer on, but a little bit of mold by the shower doesn't mean you need to back out of your offer - at least not immediately.   If mold is found during the home inspection, have a qualified mold inspector take a look. Not all molds are toxic, but the safest way to determine if this is a deal-breaker is by hiring a mold professional.
Bug Infestations
Bug infestations can cause significant damage to the home's structure if they aren't exterminated quickly and efficiently. A home inspector may find signs of an infestation during an inspection, but how do you tell if it's truly a deal-breaker?
The best way to know if there is pest damage to the home's structure or foundation is to ask a qualified pest expert to do an additional inspection of the home. Someone who is a specialist will be able to tell you if the home just has a few bugs, or if you need to rescind your offer.

When problems arise during home inspections, it doesn't always mean you have to back out of your contract. Home inspectors will often find problems outside of their scope of expertise, so always get a second opinion from a specialist before making a final decision. In many instances, these problems are opportunities to negotiate with the seller. You can request that the seller do the repairs, or ask for money to put towards repairs.
You can also ask the seller to include a home warranty on the home in the contract of sale, but it won't repair the problems found in a home inspection contract. A home warranty is there to protect you from aging systems and appliances after you buy. Think of getting car insurance on a car that was just wrecked and then opening a claim - it wouldn't work, because the insurance was put on after the damage happened. The same goes for a home warranty.

Posted by

Diana White-Pettis, Associate Broker

Exit Bennett Realty

7701 Greenbelt Rd. #100

Greenbelt, MD  20770

Office: 301-459-5040

Cell: 301-502-2669

Direct line: 240-386-1309

Email: dwhitepettis@gmail.com

Website: www.diana4yourhomesdesire.com

 

Turning Your Homes Desire into a Dream Come True!

            logo   

                              

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Location:
Maryland Prince George's County Upper Marlboro
Groups:
Active Rain Newbies
Realtors®
Tags:
home warranty
lead based paint
mold
home inspection
deal breakers
prince georges county md
structural problem
diana whitepettis
concrete floor cracks
bug infestation

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
2,852,022
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Diana White-Pettis This is very good educational report about home inspection.

Jun 09, 2017 08:41 PM #1
Rainmaker
3,983,763
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

For some people anything can be a deal breaker...for others it is normal wear

Jun 10, 2017 11:08 AM #2
Rainmaker
5,509,188
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is good information to share.

Have a most productive week.

Jun 12, 2017 06:21 AM #3
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
142,536

Diana White-Pettis

GRI, CDPE, CNE, WHC Upper Marlboro Homes for Sale
Are you looking to Buy or Sell with First Time Success? Call me!
*
*
*
*
Spam prevention