How Home Inspection Reports Help You Negotiate With Sellers

A home inspection is a crucial part of buying a home as through a home inspection report the inspector will detail important information that the buyer will need to know. This has a use beyond just knowledge as the inspection report can also be a crucial tool in the buyer’s arsenal when negotiating with the seller. In today’s blog we will be looking at how Home Inspection Reports can help you negotiate with sellers.

What is a Home Inspection Report?

A home inspection report is a record of the visual inspection performed by a home inspector. It should contain information regarding the condition of the various elements of a home. The report should cover the condition of the home’s HVAC System, Electrical System, Plumbing, Roof, Foundation, Walls, Doors, Windows and Floors. These details will give a good overall picture of the homes’ condition as well as indicating specific areas where work may be required.

How can the report help you negotiate?

With the home inspection report in hand, you now have an important piece of leverage that you can use when negotiating the price of a home. Say the report details that the HVAC system is extremely old, that the roof has several issues that could lead to leaks or that the weather sealing around the doors and windows is worn down, these could lead to thousands of dollars in repairs that you will be on the hook for after closing the sale. This knowledge can give you evidence that you may need to negotiate a reduction in price to cover the repairs or that the problems discovered in the report be addressed before the sale is closed. It may also let you know that there are too many problems with the home, and you are better off walking away from the purchase as you may be required to sink in a great deal of money to bring the home back into good condition.

We hope we have been able to show you how a home inspection report can help you negotiate with sellers when you are buying a home. If you have any questions about home inspections, please feel free to contact us.

The Inspectors is a group of very experienced home inspectors who bring reliability and integrity to the practice of home inspection. These inspectors follow closely the established standards of the Canadian National Association of Certified Home Inspectors.

If you have any questions about this article or would like to talk to us about home inspection, we encourage you to call us at (778) 788-5301