Real Estate Home Inspection in Key West - Buyers View

Although the real estate inspection rider may simply allow you to walk away from the purchase, this may not be desirable, especially if the home has other qualities you are seeking (like location in Key West). One alternative is to negotiate with the seller to lower the previously agreed-upon price. For example, if the seller was unaware that the furnace was corroded and in need of replacement or that there was rotting timber that needed replacement, he or she may be amenable to reducing the purchase price by the estimated cost of repairs. Alternatively, the price could remain the same with the seller repairing the problem at his or her expense.

While some real estate buyers use an inspection to extract further concessions from the seller, it's unlikely that a seller is going to agree to reduce the cost of a home to reflect the cost of correcting minor problems such as a repairing a porcelain chip or replacing peeling wallpaper or worn carpeting. A seller facing a long list of minor repairs the buyer wants made before closing may want to end negotiations unless he or she has no other alternative than selling the real estate to this particular buyer.