Step 8: INSPECTION ISSUES AND RESOLUTION
If the inspection raised issues that you want the seller to address, you may object to the condition of the property or inclusions.
This is an entirely different negotiation process and can sometimes be more emotional than the original contract negotiation.
Remember, the purpose of this step is to address any major system or safety issues. It is perfectly appropriate to ask the seller to correct a broken furnace or leaking pipe, for example. But you are not trying to make the property new again. So it wouldn’t be appropriate at this stage to request paint touch ups or decorating changes, for example.
The seller is under no obligation to resolve anything, but most of the time we can reach an agreement that is acceptable to both parties. If an agreement cannot be reached, you may withdraw your inspection objection and the contract will remain unchanged. Or you may choose to terminate the agreement which happens automatically one day after the inspection resolution deadline has expired.
Don’t worry! This step can sound a bit scary, but I’ll be there to negotiate on your behalf!
...........................................................................................................................................................................................................
|