buyer will examine the report and will either
(1) Accept the premises “as is” and proceed with the sale,
(2) Accept the property with a condition that certain item(s) be taken care of in order to continue with the sale. Sometimes the items on the buyer’s “punch list” may exceed the liability as negotiated in the contract. If this happens, then you have a right to negotiate only to do your share, or you may elect to do all the repairs, especially if they are repairs that would need to be done anyway just to sell your home. Sometimes, items might be listed that are not normally the seller’s responsibility, such as cosmetic items. (3) The buyer may elect to terminate the agreement because of the inspection results. The buyer has that right if the standard inspection contingent clause was used. In most cases, some negotiating will go on after the inspection report is submitted. In some cases, the inspector may state that something is not working properly, when in fact, it is. You have the right to hire your own professional to dispute the home inspector’s findings. This sometimes occurs because the home inspector is a general inspector and is just trying to cover his or her liabilities.
Sometimes, the home inspector states that there is a
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