Should You Accept the Previous Buyer’s Inspection Report?

By
Real Estate Agent with Re/Max Masterpiece Realty

Sometimes a home falls out of contract. Most buyers assume that it is related to a bad home inspection, but there are many reasons for a home to come back on the market that are unrelated to the condition of the home. During the contingency period, most buyers can cancel for almost any reason – or even no reason.

Of course, the listing agent and seller are motivated to get the home back under contract as quickly as possible and may offer the previous buyer’s home inspection report to the new buyer. Some may even ask that the new buyer remove their right to a home inspection, based on the one they offer.

If you have been offered the previous buyer’s inspection report, you’re probably wondering if you should accept it and remove that contingency. In a fast-moving seller’s market, it might be tempting, but before you accept the report, there are a few considerations:

• Before accepting the inspection, do your research. Who did the inspection? Is it a reputable, licensed home inspector? Check public review sites for comments and customer satisfaction. Check their license with the issuing board and see if they have had any violations or suspensions.

• Once you verify the company, give them a call. Make sure they have performed a comprehensive inspection. Many companies offer both a comprehensive and a simpler, cheaper, visual inspection.

• Finally, read the report carefully. If there are issues discovered, ask for clarification and consider paying for the inspector to meet you at the home to discuss the report in person with you. Accepting the home inspection might seem like a good idea – both to make your offer more appealing to the seller and to save a few dollars – but before you remove the home inspection contingency, do your homework. Make sure you understand the real condition of the property before you buy it.

 

🏡 FOR MORE ANSWERS TO YOUR REAL ESTATE QUESTIONS,  

📞 772-485-4188

 Anna Chroscicki

REMAX Masterpiece

Visit www.annasellsrealestate.com

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Topic:
Home Buying
Location:
Florida St Lucie County
Tags:
inspection
realtor
home values
home buying
home selling
remax masterpiece realty
anna chroscicki
port saint lucie
real estate

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Rainmaker
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Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Anna, there are pros and cons on this.  I still like to have one done from a inspector that I still know.

 

Nov 23, 2020 09:48 AM #1
Rainmaker
1,990,614
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Is it a dependable known vendor ? How old is it ? Did the Sellers make any corrections ?

Nov 23, 2020 10:43 AM #2
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Rainmaker
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Anna Chroscicki

Realtor - St. Lucie County affordable Real Estate
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