Buying a home is a major financial commitment, and it's essential to make sure you're getting the best value for your money. A home inspection is an integral part of the process, as it can help identify any potential problems or defects that may exist or may occur in the home. But what should you do if the seller refuses to address any issues that are found during the inspection?It's common for buyers to inspect properties before signing on the dotted line. This way, they can detect any issues and resolve them properly before putting their property up for sale and having to deal with buyers' complaints after the fact.
Sellers can also inspect their own homes, so they can be aware of any potential problems before listing their property. When problems are discovered during a home inspection, it's important to understand the difference between mandatory corrections and mandatory disclosures. Mandatory corrections refer to any issues that must be addressed before closing on the property. These can include structural problems, serious issues with electrical, plumbing or air conditioning systems, water damage, roofing issues and pests. On the other hand, mandatory disclosures refer to any issues that must be disclosed to interested future buyers if the original purchaser withdraws or if the home inspection was carried out as part of the pre-sale period. If the seller refuses to address any of these matters, buyers have the right to ask them to make certain corrections after a home inspection.
If this isn't successful, buyers may want to consider canceling the purchase agreement. Alternatively, they can refer themselves or the seller to Axess Law for professional legal advice before making decisions that could have civil consequences or result in the failure of a real estate business. In conclusion, addressing issues that arise during a home inspection can be challenging, but it's an essential part of the real estate process. By understanding what is required of both buyers and sellers in terms of mandatory corrections and disclosures, they can ensure that they are making informed decisions and getting the best value for their money.