When a home inspection report points out several things that need fixing or replacing, it can feel like a storm brewing on the horizon. Imagine buying a house only to discover hidden problems lurking beneath the surface, from leaky roofs to faulty wiring. These issues can affect the home’s value and safety, sometimes leading to costly repairs down the road. Buyers who face this situation often negotiate with sellers to fix problems or lower the price, saving money or avoiding a bad deal. Knowing what to look for helps make smart choices and dodge surprises later. If you like spotting hidden clues and making deals that shine, this is the kind of challenge that keeps home buying interesting. Keep reading—you’ll find out how to turn a tough report into a winning move.
If you’re a buyer or seller, there are many options:
Buyers:
1. Get the sellers to fix the deficiencies
2. Reduce the sales price to make up for the repairs
3. Back out of the contract if there’s an inspection contingency in place
4. Fix the issues yourself after you move in
Sellers:
1. Repair some deficiencies
2. Credit the buyers for the deficiencies
3. Don’t fix the issues and risk losing the buyers
4. Do a pre-inspection before listing your home
Kim Lee PREC*
Oakwyn Realty Downtown Ltd.
P: 778-997-8938
E: hello@kimlee.ca
