When a buyer has a home inspection performed, he or she may notice obvious problems. If the issues are significant, he or she can let the listing agent know immediately. In states where the seller is legally responsible for fixing the issue, the buyer may ask the seller to make the repair. If the seller refuses, the buyer can walk away. This can be a difficult decision, but the buyer has the right to withdraw from the transaction.
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Major problems uncovered during the inspection may require immediate repair. In many cases, a lender won’t finance the purchase if these issues are not fixed. However, if the problems are not major and endanger the safety of the occupants, the buyer may not be able to purchase the home without the repairs. In these cases, the seller has the right to oversee the repairs or to offer the buyer a credit to pay for the repairs.
A home inspection report will identify major problems and structural problems that need to be fixed. In most cases, these major issues will require the seller to make the repairs. This means that the buyer may not be able to complete the purchase if the problem is not resolved. Besides, if the home has violations of building codes, the seller will be responsible for repairing them as well. While this can be frustrating for the seller, it can be a huge benefit for the buyer.
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