{"id":3654,"date":"2016-10-13T15:15:51","date_gmt":"2016-10-13T22:15:51","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=3654"},"modified":"2016-10-10T10:14:13","modified_gmt":"2016-10-10T17:14:13","slug":"home-inspection-what-to-do-if-a-house-doesnt-make-the-grade","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2016\/10\/home-inspection-what-to-do-if-a-house-doesnt-make-the-grade\/","title":{"rendered":"Home Inspection : What to Do if a House Doesn\u2019t Make the Grade"},"content":{"rendered":"

You\u2019ve found a home that seems perfect, and your offer was accepted. Then you get the bad news: The home inspector found a lot of issues with the property. What should you do when a house doesn\u2019t pass inspection?<\/p>\n

A home inspection is an essential part of the process of buying a home in Philadelphia. While you don\u2019t technically need to hire someone to inspect the house you\u2019ve made an offer on, having a professional come in and assess the state of the home can save you a considerable amount of stress and money in the long run. A home inspector can find issues that the average person wouldn\u2019t notice in a home and will outline the process involved in fixing those issues.<\/p>\n

So what happens if the home inspection unveils a surprising number of problems with the house, from pest damage to structural concerns? You have a few options if your potential dream home doesn\u2019t put its best foot forward during the inspection.<\/p>\n

1. Go forward with the sale and pay for repairs yourself.<\/strong> Even if the inspection turns up a variety of problems with the home, you might be so enamored of the property or might be getting a good enough price on it that you decide to continue with the purchase and will cover the cost of repairs out of your own pocket. Before you decide to take care of any problems with the home on your own, it\u2019s helpful to actually read through the inspection report to get a sense of what needs to be done. Contact several licensed contractors in Philly, and ask them to provide price quotes on the type of repairs that you need. Use that information to determine if going ahead with the sale makes sense for your budget and your peace of mind.<\/p>\n

2. Work with the seller.<\/strong> It\u2019s fairly common for buyers and sellers to work together and to negotiate who will pay for what when a home inspection turns up a lot of problems. If there are structural problems with the home, if the furnace or air conditioning are broken, or if the home isn\u2019t up to code, it is usually in your best interest to get the seller to cover at least some costs for repairs. Be careful about expecting a seller to pay for minor problems or cosmetic issues, as most won\u2019t. A seller might cover costs in a variety of ways, such as doing the actual repairs him or herself, issuing you a credit for closing costs, or reducing the price of the home to make up for the cost of repairs.<\/p>\n

3. Walk away from the home.<\/strong> Provided that your contract with a seller had an inspection contingency clause, you have the option of going nuclear \u2014 abandoning the home and the deal \u2014 should the inspection reveal more problems than you want to deal with. Look at the anticipated cost of making repairs to the home versus the value of the home. If the cost of those repairs is more than 2 percent of the home\u2019s value, it\u2019s usually not worth going ahead with the sale.<\/p>\n

When it comes to having a home inspection, the value of your inspection is only as good as the person who performs it. Ask people you know if they can recommend an inspector or consult the American Society of Home Inspectors to find a dependable and knowledgeable inspector in the Philly area.<\/p>\n

Home Inspection : What to Do if a House Doesn\u2019t Make the Grade<\/a> by Amy Freeman | Coldwell Banker Blue Matter<\/p>\n","protected":false},"excerpt":{"rendered":"

You\u2019ve found a home that seems perfect, and your offer was accepted. Then you get the bad news: The home inspector found a lot of issues with the property. 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