No. Despite the request, it is up to your buyer whether he or she would like to send a copy of the inspection report to the listing agent or seller. A listing agent or seller who receives an inspection report is charged with knowledge of the information in the report, even if he or she doesn’t open it.
No. So the report is your property. The only thing the seller gets is your repair request (if you make one).
does seller have to disclose previous inspection? Recent court decisions make it clear that sellers have the duty to disclose information from prior inspection reports obtained by buyers. The engineer hired by the buyer to do a “walk through” inspection failed to detect defects in the foundation, and the sellers never disclosed the results of the prior inspection.
Subsequently, one may also ask, can I share an inspection report?
It isn’t unprofessional for a buyer agent to not discuss the home inspection report with you. The buyer agent represents their client and not you. If their client wanted to terminate, then it is typically allowed in contracts to terminate over inspection report findings. Yes, you can share the report if you choose.
Are Home Inspections public record?
No, home inspection reports are not public record. Home inspection reports are confidential and owned by the client who hired the home inspector and paid for the home inspection. The client who hired the home inspector can choose to share a copy of the home inspection report with anyone of their choosing.
Can you lower offer after inspection?
Unless otherwise specified by your purchase agreement, a seller doesn’t have to negotiate with you after a home inspection. The seller may choose to lower the price, make repairs, or credit you as little or as much as he deems necessary to make the deal happen.
Can seller walk away after inspection?
Can the seller back out of the contract after the home inspection? The home inspection is a key time for sellers to back out of a sale, usually because buyers will ask for sellers to make repairs to the property or issue a “repair credit” to cover those costs, which can easily cancel the real estate contract.
Does seller pay for repairs after inspection?
State laws, including seller disclosure laws, are the only instance where a seller is obligated to pay for repairs after a home inspection. For everything else, it’s up to the negotiations between the buyer and seller, and who pays for what depends on what is decided after the inspection report comes in.
What happens when a home inspector finds problems?
If a home inspection reveals such problems, odds are you’re responsible for fixing them. Start by getting some bids from contractors to see how much the work will cost. From there, you can fix these problems or—the more expedient route—offer the buyers a credit so they can pay for the fixes themselves.
What fixes are mandatory after a home inspection?
Common seller repairs after home inspection Major electrical issues that are safety or code issues. Plumbing, drainage, sewer, septic, or water issues (or well water issues, if applicable) Mold or water damage. HVAC problems that affect home comfort. Leaking roofs or missing shingles. Termite and pest damage.
How long do sellers have to respond to repair requests?
There is no set time frame for them to respond but 2-3 business days is standard. If both the buyers and sellers have not reached an agreement on the repair requests within ten business days of the seller signing the contract- then either party may cancel the contract and the buyer will get their earnest money back.
How do you negotiate repairs after a home inspection?
Your Options After a Home Inspection Ask the seller to make the repairs themselves. Ask for credits toward your closing costs. Ask the seller to reduce the sales price to make up for the repairs. Back out of the transaction (if you have an inspection contingency in place) Move forward with the deal.
What happens if seller does not make repairs before closing?
If the seller didn’t do repairs, yes you can refuse to close. You also need to look at what you lose if you don’t close. If you actually don’t close, you lose all your inspection money, appraisal money, and any money you put into the transaction.
Can a seller challenge an inspection report?
It doesn’t happen often but occasionally the seller will dispute the home inspection.. However, this is their legal right to do so. They can reject the report altogether but is up to the buyer whether or not they will continue to negotiate or accept the sellers rejection of the inspection.
Who gets a copy of a home inspection?
The buyer is NOT obligated to provide a copy of the report. If they are concerned, they can pay that inspector, or another inspector to do the test.
Should you share inspection report with seller?
The inspector may not provide the report or even discuss the findings with the seller or listing agent unless the client were to provide written permission. The client is the one who paid for the inspection and signed the inspection agreement, so the inspector’s legal duty is to his client.
How long does it take to get an inspection report?
Inspection Times Vary Inspectors take just a few hours to tour the home and perform the inspection, but it may take a few days to receive the report. The Department of Housing and Urban Development says most home inspectors provide their reports within 24 hours.
Do you have to disclose a home inspection?
Your state may require you to disclose certain information when selling a house. More than likely your real estate agent must communicate issues discovered during an inspection. You don’t want to risk breaking the law, so do your research and make sure you are adhering to the law.
Are sellers present for home inspection?
The sellers should not be present during the home inspection for all the same reasons the sellers aren’t present for showings. Buyers will often have questions about defects during the inspection which can only be answered out of earshot of the seller, as the buyer owns the information from the home inspection.
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