You found your dream Sacramento home and want to make an offer. Because you want to make sure there are no hidden problems, you hire James Budrow to thoroughly inspect it. When the home inspection report has been prepared, you read it through and discover several problems that were not apparent when you toured the home. What next?
If you still want to buy the house, the best way to assure the repairs will be completed is to require the seller to leave enough money in escrow to cover the repair expenses. You will have to negotiate with the seller to determine the amount of money necessary. If you get several bids from Sacramento contractors, you will be able to come up with a fair price.
This method has several advantages:
- The seller pays for the repairs
- You decide which Roseville or Folsom contractor does the repairs
- You and the seller can sign the sales contract without delay.
Another way to handle this situation is referred to as a repair credit. The seller lowers the price of the Sacramento home to compensate for the cost of the repairs. Auburn and Roseville area homebuyers should think carefully before choosing this method. After using a significant amount of money on the down payment, many Sacramento homebuyers run out of cash and are unable to foot the cost of the needed repairs.
James Budrow
1-877-424-8289
We provide California home inspection services for Sacramento homebuyers. If you are in the market for a Sacramento home, call 1-877-424-8289 to book an inspection.
Tags: California home inspection, home inspection report, sacramento contractors, Sacramento home, sacramento homebuyers