As mentioned earlier, this may vary from buyer to buyer but this is the time you need to determine the overall longevity of the heart and soul of the house. A buyer can attempt to continue to negotiate for inspection-related repairs during his/her three-day response period, but sellers are not obligated to reply. Still, this part of the contingency period needs to move along per the contract. With the assistance of your real estate broker (hopefully), you begin the process of going through your checklist of what you want the seller to attend to. Once the inspection deadline is reached, its the responsibility of the buyer to contact the seller, or sellers agent, if they no longer want to go through with the home sale because of major problems, such as health or safety concerns. In a sellers market, where buyer demand is high, but there arent many homes for sale, sellers hold all the cards. In fact, the best contract for a seller would be for the buyer to agree to purchase your home as is or to request an information only home inspection, thus absolving you of any need to pay for any fixes found by the inspector, she adds. The exact amount of time depends on the agreement between the buyer and seller, says Shaun Martin, owner and CEO of The Home Buying Company. Even in the case of a very hot market where home buyers will waive their inspection contingency in order to curry favor with the seller and their offeryou still should do what you can to make sure the major systems are in good working order. Should you look for a new buyer? #homeinspection #realestate. The point of the home inspection is to get an unbiased assessment of the property from someone with no attachment to the transaction. The buyer would need to attach the inspectors recommendations for any additional inspection, Buyer requests the following modifications and/or repairs. I like how you mentioned that home inspections can help determine the longevity of a home. Negotiating Your Home Inspection Response | The Madrona Group That's a lot of money to leave on the table as a buyer. He has spoken on the phone with our realtor maybe twice. Are you asking for closing costs, what position are the sellers in? Made An Offer On A House, But No Response | Rocket Mortgage
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