Why Are Home Inspections So Important? Part 2

Angela Fox Broker Associate podcast

We're back to discuss the fourth and fifth questions we're commonly asked about home inspections.

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We're back today with the final two items on our list of the top five things you should know as a homebuyer going through the inspection process.

You can see our discussion on the first three items here.

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You want to ask sellers to cover major health and safety items.

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The fourth point of consideration is what you should ask for from a seller following the inspection. It really depends on the kind of market you're in, and currently, Denver is in a strong seller's market. Some sellers are listing their house as-is or offering to take care of very little as a result of the inspection. You want to ask them to cover major health and safety items, like the major mechanicals, the electrical, the sewer lines, and the other big ticket items.

Honey-do list items that you can take care of on your own can be saved for once you get into the home.

The final question I want to answer is, "How can the seller respond to your inspection request?" The Colorado buyer contract states that there are three ways. First, they can say they won't fix anything on the list. The good part is that you can still back out of the contract and get your earnest money back or move forward if the inspection findings weren't that worrisome.

The second way a seller can respond is by agreeing to fix everything exactly as you requested. Then, the third way is called an alternate resolution. This means they'll agree to make some repairs on your list or offer a credit for you to take care of some repairs after closing.

If you have any questions about the inspection process or about buying and selling real estate, don't hesitate to give me a call or send me an email. I'm here to help!