This is very helpful information. I am selling my condo to an investor who never set foot in it. If youre selling your home, youmight wonderif there are common repairs needed after ahome inspection. Is this normal? If the buyer doesnt respond to an inspection or submit an addendum requesting repairs within the contingency period, it usually means they plan to accept the property as-is, You should hear from the buyer within 7 10 days after the home inspection, but check with your real estate agent before assuming, Buyers have until the end of the contingency period to back out of the sale or risk losing their earnest money, Certain building code violations (like HVAC or electrical systems that dont function properly), Major health concerns (like lead paint, fire hazards, pests, mold or asbestos), Major structural issues (like water damage and foundation or roof problems). You also expressly consent to having Rocket Mortgage, our Family of Companies, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. What to Do When a Seller Freezes Negotiations After the Inspection comJohnLScottBallard.com, 18333 Bothell Way NE #107Bothell, WA 98011, help @ themadronagroup . Great article! Unfortunately, we are not representing you and would not feel comfortable giving advice without having been involved in the entire process. My husband and I are looking for a complete home inspection service that can help us prepare our home to sell this month. The exact amount of time depends on the agreement between the buyer and seller. In a sellers market, where buyer demand is high, but there arent many homes for sale, sellers hold all the cards. This article is great for preparing for a home inspection. If you are past the inspection deadline, though, it is possible that your earnest money might not be refundable. If the damage is extensive, the buyer can choose to cancel the sale entirely, or they can enter negotiations with the seller.
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