Before committing to purchasing a new residence, it is customary for the buyer to ensure that an exhaustive home inspection is carried out beforehand. After this, it will be up to the prospective buyer and the owner to come to an understanding over necessary repairs and who bears responsibility for them. The interested buyer should take steps to ascertain which repairs the buyer would have the capacity to repair on his or her own. The buyer should also attempt to determine what the guiding motivations of the selling party are. The buyer will also need to be quite explicit and specific in terms of what they are expecting. Finally, the purchasing party should be sure to ask for payment in the form of a cash credit.
- The interested buyer party should take steps to figure out what he or she would be capable of repairing on his or her own
- The prospective purchaser must be specific and explicit in their communications with the selling party
- It would be advisable for the interested buyer to try and nail down the motivations that guide the selling party
“A home inspection is a deep and thorough look, from the roof to the foundation, at the home you're interested in purchasing.”