expensive for you, walk away. If the issue is likely to cause other problems, and it is hard to estimate how much it will cost, walk away. Consider the pros and cons carefully, and listen to your real estate team’s advice. They are usually more experienced and may explain the advantages and disadvantages to you better than anyone else. Also, listen to your gut. If the doubts and uncertainties are too anxiety-provoking, it might be better to turn them down and start over.
CAN INSPECTIONS AFFECT THE H NS AFFECT THE HOUSE VALUE?
The short answer is “Yes, they can,” but don’t count on it too much. Considering the inspection phase as another chance to revisit the price isn’t a good strategy. It’s not often that the house inspection significantly affects the sale price. That has generally been negotiated before the inspection, and the inspection is used to validate the home’s apparent condition. The role of the home inspection is to protect the buyer from inheriting major issues along with their purchase. Home appraisal, however, ensures a lender does not pay more than they should. During the assessment, the appraiser determines the house's market value based on its square footage, the number of rooms and bathrooms, the size of the outside territory, and the garage. The appraiser uses analytic data based on home features, comparable sales (“comps”) in the area, and other pricing factors to set a value, or market price, and makes their summary based on complex mathematical calculations.
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