DUFFY buyers demand a formal itemized PDF quote broken down by labor, materials, scope, and timing.
A formal PDF estimate can support your Amendment to Address Defects and gives the seller less room to argue the price.
Inspection Investigation
Buyer Inspection Recommendations
Please read through these recommendations, then, click the link to submit to us your inspection report and what you want to do. Thank you!
Click This Link to Let Us Know How You Want to Proceed
Important to Know: All negotiations for Inspection Items must be completed by 5PM the last day of your due diligence or you accept the home in As Is condition and will not be able to terminate the contract without losing your earnest money.
Once the inspection is complete you have several options with how to proceed. Keep in mind this is now a new negotiation and the seller may or may NOT agree to any of your requests. If the seller has a backup offer (which we may not know about) they are less likely to agree to much.
Safety Issues: If you are getting an FHA or VA loan it will be required that these are addressed. If the seller won’t agree to do these repairs you may have to handle the repairs before you can get your loan approval. Check with your lender and refer to your contract if you have an FHA or VA Exhibit for repairs.
Structural Issues: We may want to ask for an extension to your Due Diligence to allow you to have a Structural Engineer do an inspection.
Mold Issues: Be sure your inspector was qualified to test for mold, you may need to hire a specialist in this area. Mold Remediation can cost THOUSANDS of dollars but once it is remediated most contractors will warranty their work.
Our recommendation for issues other than the above:
- No repairs requested, all is good!
- Money in Lieu of repairs. Discount the price or a add a seller contribution to closing costs with a reasonable sum of what the issues will cost you to take care of later.
- Ask for repairs to be completed prior to closing. With this option you are at the mercy of the seller, who they hire to do the work and the quality of the work completed. We will stipulate the repairs need to be done by a licensed contractor with receipts and a warranty for the work being provided.
- Terminate the contract if the inspection is not what you expected. Only terminate if you no longer want the house. Even if a lot is needed, it can’t hurt to ask!
Keep in mind if you are paying top dollar for the property (compared to the list price) then the seller may be more willing to handle repairs. But, if you have been able to get a lower price than the list price or you have asked for additional favors in your offer (closing costs, items to stay with the property, contingencies, allowances, quick closing, etc) the seller may be less inclined to agree to your requests.
Inspection Investigation Topics from the Internet To Give You Basic Knowledge