The presence of any kind of contamination is reason enough to demand a renegotiation of terms, or to rethink the deal completely.
#4. Fix What the Inspections Find
If your inspections revealed any problems, you may want to ask for a price adjustment to cover the cost of repair or ask the seller to fix the problems before the sale proceeds. Some inspectors may advise you to look deeper into a particular issue. They may say you should ask for a second opinion, or evaluate it further with a specialist. It is highly recommended that you discuss estimates for any further inspections and repairs, and then fix the issues as soon as possible.
#5. Ask for Title Search and Insurance
Title insurance protects real estate owners and lenders against loss or damages that might result from preexisting liens, encumbrances, or defects in the title. Each title insurance policy is subject to specific terms, conditions and exclusions. Auto and homeowner’s insurance protect against potential future events and are paid for with monthly or annual premiums. A title insurance policy insures against past events for a one-time premium paid at the closing. Title defects include another person claiming an ownership interest, improperly recorded documents, fraud, forgery, liens, encroachments, easements, and other items that are specified in the insurance policy.
#6. Conduct a Home Appraisal
A home appraisal determines the estimated market value of what is soon to be your property. The appraiser calculates value based on general condition, geographic location, proximity to objects
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