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What To Do If My Home Inspection Report Comes Very Bad?

There is still hope with a home inspection report when it uncovers a serious problem with the home. Here are some steps I can take as a homeowner when I receive surprising news from a home inspection report. 

Don’t Let it Stress Yourself Out

When I receive a home inspection report that has found major issues with my place, the first thing I should do is to take a deep breath and look at it with fresh eyes as if I’m a third party that is not selling or purchasing the home. This news could save me from a lawsuit after selling out the home. Plus, this bad news does not indicate it is the end of the line for being able to sell out my place, even if the potential buyer decides to walk away. 

Wait for the Potential Buyer to Respond

Once I receive the home inspection report, the buyer has also received it as well. I have to control my nerves and wait for the potential buyer and/or their agent to contact me about the issues found in the home inspection report. I should not assume how they will react and what they will want me to do about it. They may have renovation plans in mind that would involve fixing the issue anyway. So they may not be worried at all. 

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Remember That anHome Inspection Report is NOT a To-Do List for Owners

It is clearly not the duty of the potential buyer to work on the home inspection report issues. First, I have to listen to the buyer’s reaction and requests. Then I should look into estimates myself and calculate the cost of the repairing work. I have to make sure I have contacted a trustworthy expert to guarantee all repair cost estimates reported by the potential buyers are accurate. In some cases, I may not be able to afford a repair. My real estate agent can be very helpful in negotiating how to continue to move forward.

Sell the Home As-is for Cash

If the potential buyer does walk away and I do not want to go through the pain of putting the real estate listing back on the market and hoping a buyer will buy it, I can sell it right now as it currently stands with no need to spend money on repairs to a cash home buyer. Cash home buyers are no strangers to huge repair issues. They will still make an all-cash offer. It will close quickly to get my home sold and a load taken off my shoulders. 

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What you will do if the same case happens to you? Share with us in the comments section.