Buyers, sellers both have options when inspection finds problems

When problems are discovered, buyers have four basic options: renegotiate with the seller to have the needed repairs made before the sale closes; ask for a lower sales price so the buyer will have the money to make the repairs after moving in; purchase the property "as is"; or cancel the sale and have their deposit returned.

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if the seller does not repair or fix problems with house according to the home inspection what are my options Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.

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 · Regardless, however, do not let anyone convince you not to have a home inspection. I have represented too many buyers who failed to get their house inspected only to find major (or minor) problems.

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Holly I totally disagree that a home inspection is a "buyers time" and the sellers agent should not be allowed there. The buyer does not have the right to dictate who enters or leaves a home they are purchasing it until they own it! The seller deserves just as much representation at a home inspection. I attend everyone of mine.

 · That 3.5% down payment requirement is a big advantage for potential home buyers. Most conventional lenders – though not all – require buyers to come up with down payments of at least 5% of a home’s purchase price. Consider a home priced at $200,000. A down payment of 3.5% comes to $7,000.

When problems are discovered, buyers have four basic options: Renegotiate with the seller to have the needed repairs made before the sale closes; ask for a lower sales price so the buyer will have the money to make the repairs after moving in; purchase the property "as is"; or cancel the sale and have their deposit returned.

 · When that happens, the buyer and seller must come to an agreement on how to proceed: either the buyer pays more out of pocket or the seller agrees to come down in price. Stephens recalls a recent negotiation where the listed home was appraised for.