What To Do After A Home Inspection Has Been Completed

In the Real Estate process, a home inspection providing insights into a property’s condition is a very valuable tool. The inspection is just the beginning of preparing to buy or sell a house. Knowing what to do after receiving the inspection report will help a buyer or seller navigate successfully. Rooney Home Inspections, located in Maplewood NJ, offers certified residential home inspections to buyers and sellers in Essex County as well as nearby surrounding locations. We offer some insights into the home inspection completion – what’s next?

For Buyers

Review the Inspection Report carefully

Take special note of major issues that can impact the home’s safety, structure, or livability, focusing on those that require immediate attention.

Talk to your Realtor about the findings

Set up a meeting with your real estate agent to discuss the inspection findings. He or she can help you understand the report, prioritize repairs and replacements, and decide how negotiations should proceed.

Get Repair Estimates

Get repair estimates for any major issues identified in the report. Try to have recommendations for contractors from family or friends. These repair estimates can help you negotiate or budget for repairs.

Figure out how to proceed

With information from the inspection report and repair estimates, decide how to proceed. Maybe you will choose to ask for repairs from the seller, ask for a lower price based on needed repairs, or if the problems are insurmountable, walk away.

For Sellers

Review the Inspection Report carefully

If the potential buyer requests repairs, review them with your realtor. Consider which are reasonable and which may be negotiable.

Get Repair Estimates

If you agree on repairs get estimates from qualified contractors. This will help you to budget for the cost of repairs and ensure they are completed to everyone’s satisfaction.

Negotiate

Working with your real estate agent, negotiate repairs or concessions with the buyer. You may have to compromise to find a solution that suits both parties.

Prepare for the closing

Once any work that was necessary is completed, prepare the house for the closing. Make sure all your documents are in order, and get the house in good condition for the final walkthrough.

Knowing What To Do After A Home Inspection Is Essential

Being aware of how to proceed after a home inspection is crucial for both buyers and sellers. By making the right moves you can solve any problems, negotiate successfully, and ensure a smooth transaction. A complete understanding of how to proceed after an inspection can help both buyer and seller have a pleasant real estate journey and feel confident and satisfied with the outcome.

Rooney Home Inspections works to provide a professional Home Inspection Report that outlines all aspects of the condition of a home. Our goal is to make any potential use of our report easy to understand and useful. For Residential Home Inspections in the Essex County NJ area, please call us at (973) 996-8257 for an appointment.