As the seller, you may be able to work around this. For example, say the buyer finds a plumbing issue that needs to be fixed. You have three options; either fix the plumbing, make a price concession to cover the cost of remediation, or allow them to back out of the deal and search for another buyer. As the seller, the decision is solely up to you.
LOCATING AN INS G AN INSPECTOR
If you are working with a real estate agent, the agent will be able to give you information on inspectors and provide references. Ensure that the inspector you engage is licensed and has references of their own through previous clients, has experience in appraising vacant properties, and is are knowledgeable when it comes to appraising and preparing reports on vacant homes, and that they are registered with a reputable home inspector’s group.
THE COST OF HIRING AN INS G AN INSPECTOR
Typically, an inspector will cost between $400 and $750, but this depends on the rates of your local area, and the size of your home itself. A follow-up inspection by a specialist may be suggested from your inspector, which could help you narrow down the condition of the sewer line running from your home, or even a structural engineer, who can give you a report that is more detailed in regard to bulging or cracks to your home’s foundation. These specialist inspectors may also cost you few hundred dollars, but it is always a good idea to have all your bases covered. These assessments can give great comfort to prospective buyers to see all is well with the home they are considering. Inspections also will disclose more information should you need to have any additional repairs accomplished. It is a good idea to have any item included in an inspection report that you decide to leave
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