the money that you have. In a buyer’s market, the seller will negotiate on minor repairs disclosed by an inspection long before the thought to walk away hits you. However, some repairs are just not worth it. If the problem the homeowner refuses to fix or pay for is dangerous and you can’t fix it, then it may be time to walk away. If the problem is something you need to fix soon, but too expensive for you, walk away. If the issue is likely to cause a chain of other problems, and 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 more experienced and may explain the advantages and disadvantages better than anyone else. Also, listen to your gut. If the doubts and uncertainties are too anxiety-provoking, it may be better to turn it 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. Thinking of the inspection period as another chance to revisit price isn’t a good strategy. It’s not often that the home inspection greatly affects the sale price. That has generally been negotiated prior to 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 his purchase. Home appraisal, on the other hand, ensures a lender does not pay more than they should. During the appraisal, the appraiser determines the market value of the house based on its square footage, the number of rooms, bathrooms, size of the outside territory, and the garage.
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