What happens if the inspection uncovers problems?
If issue arise when the inspector looks at the home, the buyers and sellers have some options. One of the more common solutions is for sellers to hire a contractor to take care of the repairs before closing. If this is what you decide to do, Curbio offers quick and easy post-inspection, punchlist repairs, and you can get started by having your agent request a free same-day estimate here.
Another option is for the buyers to address the concerns and negotiate a lower price in order to have the cash to take on these repairs either before they move in or when the repairs become necessary. If the buyers want to address any repairs and updates before moving in, they can take advantage of Curbio’s pre-move-in home improvements that are quick and painless and defer all payment until the project is complete. To get started, buyers should have their agent submit a request for an estimate here.
In some cases, the issues are too much for the buyers to feel comfortable buying the home, and, as a result, they’ll pull their offer. Avoiding this problem when they’re so close to the closing table is why many sellers and their agents take on repairs and updates before listing. With Curbio, pre-listing home improvements are quick and hassle-free—and sellers wait until closing to pay us for the work! Have your Realtor® submit a request for a free same-day estimate here to get started.
Contrary to popular belief, you can’t outright fail a home inspection, but the results of one could result in your deal falling through. To avoid hurdles so close to closing, discuss both pre-listing home improvements and punchlist repairs with your Realtor® to determine if you should consider them to make your home sale a success.
After the home inspection is complete, assuming the deal is still on the table, the buyer’s lender will order an appraisal.