Ontario One Realty Ltd., Brokerage

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Navigating Home Inspection Findings

You’ve discovered a home you adore and submitted an offer, contingent upon a satisfactory home inspection. But what if the inspector uncovers hidden problems that demand costly repairs—issues you weren’t aware of during your initial viewing? Fear not! Here’s a comprehensive guide on how to proceed:

  1. Stay Calm and Informed:
    • Remind yourself that arranging a professional home inspection was a prudent step. These experts meticulously scrutinize every aspect of the property, from its structural integrity to its mechanical systems.
    • The inspector’s role is to identify deficiencies and alert you to potential issues. Knowledge is power, and now you’re armed with crucial information.
  2. Consult with Your REALTOR®:
    • Reach out to your real estate agent. They’re well-versed in handling such situations.
    • Discuss the findings openly. Your options may include:
      • Price Adjustment: Negotiate with the seller to modify the offer price, factoring in the repair costs.
      • Seller Repairs: Request that the seller address the identified issues before closing.
      • Shared Responsibility: Explore a compromise where both parties share the repair costs.
  3. The Art of Negotiation:
    • Understand that this negotiation process is standard. Most home transactions involve some back-and-forth.
    • Aim for a win-win outcome. Both you and the seller want a successful sale.
    • Trust that an agreement can be reached—one that ensures you secure the home you desire without undue financial burden.
  4. Peace of Mind:
    • Thanks to the inspection, you’ll have a clearer picture of your future home’s condition.
    • Armed with this knowledge, proceed confidently. You’re making an informed decision.
  5. Seek Further Guidance:
    • If you crave more home-buying wisdom, don’t hesitate to call us. We’re here to assist you every step of the way!

Remember, you’re not alone in this process. Your REALTOR® and the inspection report are valuable allies. Happy house hunting!

Feel free to reach out if you need additional tips or have any other questions!

 

Ontario One Realty Ltd has office locations in Muskoka, Simcoe & the GTA (Greater Toronto Area) with more coming soon. We service Dufferin, Durham, Halton, Kawartha Lakes, Muskoka, Peel, Simcoe, Toronto, York and more ...

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