So, you’ve received a home inspection with a Red Bank home inspection company. You’ve received your inspection results and bid your home inspector goodbye – but now what? Most buyers aren’t sure where to start once the inspection is complete. Here are 5 steps to take after you have a home inspection:
1. Read Your Home Inspection Report
Once the inspection is complete, you’ll receive a report from your Red Bank home inspection company. You have around 2 to 3 days to read it over before you’ll need to proceed to the next step. Do this thoroughly. The report will contain critical information about the home’s electric and plumbing systems, the roof, the structural foundation, and more. Most repairs are required, but not all damage is considered critical. Use common sense to determine which is which.
2. Meet with Your Real Estate Agent
This step is crucial to determine your repair requests for the seller. Your agent will help you read over the inspection report and determine which aspects of the home need to be addressed. They’ll write up a repair addendum for the seller.
3. Request Needed Repairs
Once you receive and review the repair addendum, it’s time to send it off to the seller. Remember, sellers are not required to repair any cosmetic damage to the home – only safety issues or defects. You should request repairs for issues that your Red Bank home inspection company has noted in their report, such as roof damage, faulty breakers, leaky pipes, and structural issues.
4. Await Seller Response
When the seller’s agent receives the repair addendum from your agent, they’ll review it together before responding to your requests. The three most common responses are:
- Agreement to all repairs
- Negotiate desired repairs
- Refuse repairs
Be prepared to meet with your seller to talk about and come to an agreement on repairs.
5. Order Your Appraisal
If you’re satisfied with the report from your Red Bank home inspection company as well as your repair negotiations, it’s time to order your home appraisal, which is needed to determine the current market value of the home. Once this is complete and agreed upon, it’s time for closing!
To schedule your next home inspection, call us today at (423) 255-1300.
Click here to learn more about what types of home inspections we have available for you.
