Navigating the Inspection Objection: How to Address Issues in a Real Estate Transaction

📷 Photo by Ksenia Chernaya on Pexels

One of the most important steps in the transaction is the inspection. Inspections provide buyers with a clear understanding of the condition of the property and help them make informed decisions about their purchase. Read on to learn the steps involved in a real estate inspection and what happens if the inspection uncovers issues that the buyer wants to object to.

Scheduling the Inspection: Once the buyer and seller have come to an agreement on the terms of the sale, the buyer typically schedules an inspection with a licensed home inspector. The inspection is usually conducted within 7-14 days after the purchase contract is signed. The buyer is responsible for paying for the inspection, and can expect to pay around $700, but it depends on the property and size of the home.

Conducting the Inspection: The inspection typically takes 2-4 hours, depending on the size and condition of the property. The inspector will examine the home’s structural components, electrical systems, plumbing, HVAC systems, and other key elements. They will also look for any signs of damage, wear and tear, or other issues that could affect the property’s value or safety.

Reviewing the Inspection Report: After the inspection is complete, the inspector will provide the buyer with a detailed report that outlines the findings. The report will typically include photos and descriptions of any issues that were discovered during the inspection.

Objecting to Issues: If the inspection report reveals issues that the buyer is concerned about, they may choose to object to those issues in writing. This is known as an inspection objection. The objection will typically outline the specific issues that the buyer is concerned about and may request repairs, a credit, or a reduction in the purchase price to account for the issues.

Negotiating a Resolution: Once the inspection objection has been submitted, the buyer and seller will negotiate a resolution to the issues. This may involve the seller agreeing to make repairs, offer a credit or reduction in price, or deny the request entirely. If the parties cannot come to an agreement, the buyer may choose to terminate the purchase contract and walk away from the transaction.

Kate Testa Sample
kate.sample@cbrealty.com
(412) 519-7433

Sasha Sample
sasha.sample@cbrealty.com
(330) 807-8384