Request the seller
repair/replace deficient items.
Without a home inspection, the buyer cannot determine if the property is truly
worth the asking price. After the home inspection the home inspector should spend some time helping
the buyer to interpret the home inspection report. Where advisable, the home inspector should, if
required, recommend any follow-up inspections by structural, pest, environmental, and building
contractors and other specialists. All these specialists will observe the condition of the property
and identify problems that require correction, and make recommendations for upgrades and repairs.
If possible, in Massachusetts, the home inspections and any follow-up investigations should be
completed prior to the execution of the Purchase and Sale Agreement. Make sure the inspection
contingency in the offer agreement does not lapse. Extensions of the inspection contingency are not
unusual and should be requested in writing and agreed upon by both the seller and the buyer.
Should the home inspection reveal any major deficiencies effecting the
habitability, function and condition of the property that requires additional costs to repair or
upgrade then, the buyer can revisit the initial offered terms and purchase price and renegotiate
the terms and the price so that they realistically reflect the actual condition of the property.
The buyer and the seller must specify in the purchase and sale agreement any such terms, price and
by whom and how the deficiencies are to be resolved.
Top
|