What to Do If You Fail a Home Inspection

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Before you buy a home, it is very important to have a home inspection. A Tampa home inspector, such as Properly Inspected will come into the house and let you know what all is wrong with the house. If the Tampa home inspector finds numerous things wrong with the house, do the not fret because many of the items may be able to fixed cheaper than you may think. 

The Home Inspection Will Find Faults

Many people get scared when they think of having their property inspected for a home inspection. There is no need to stress because the home inspection is for you own good. Many times, a lot of the items are not going to be so big to fix but if there are major problems with the property, you definitely want to be aware of them before you make such a large purchase.

Pass and Fail

You are not going to literally get a pass or fail grade when the Tampa home inspector inspects the property. The job of the home inspector is to find all of the faults with the property. If you feel that the things that need to be fixed are too much, this is the time to get out of the deal. If the home inspector does find a lot of things wrong with the property, you may be able to get a big discount on the property but you need to realize you are going to be paying for things. Before you make any major decisions, you really must think everything out thoroughly on who is going to pay for what.

What to Do After Inspection and Items Need to Be Fixed

The first thing you need to do is to not freak out.

Request Extension of Contingency

You need to have your realtor request an extension of your contingency period so you can take some of the pressure off while you collect more information about what all needs to be done to the property.

Assess Costs

You need to assess everything in your own head and be realistic on what you think you can pay for and deal with in regards to the repairs. You may be able to ask the owner to fix the problems but this may in fact affect the price you are going to be paying for the home.

Bids

You should get at least three bids from contractors. You want to get this for your own information and so you can work with the seller on a price for the property. Some of the repairs may be able to be completed by a do it yourselfer which is definitely going to save a lot of money.

Renegotiation

You may need to have your realtor renegotiate with the seller if the costs are going to be a lot. The seller may be willing for pay for closing costs. Once things have been assessed, make sure you are going to be happy with the condition of the property.