A property doesn’t “fail” an inspection. An inspection is not an assessment of the worth of a property and does not receive a passing or failing grade. An inspection is a report that explains to you any issues, developing issues or potential issues you would be facing if you purchase the property. With the report in hand, you will be made aware of any hidden costs associated with the purchase of the home. Those costs may be things you were already aware of such as an older furnace that needs to be replaced, or issues that you were not aware of such as severe termite damage. Once you have the report, you can decide whether or not to proceed with the sale. You may have several options:
- Fix the property yourself
- Ask the seller to fix the problems
- Cancel the sale
The inspector’s report gives you the opportunity to make an informed choice.
