Home failed inspection.. miserably

[cookderosa]

Very good point... I don't entirely understand it because we are a "sure thing" - we know we want a house and we're pre-qualified for a decent amount. But, the market in Chicago not being great, perhaps she's in a rush.



Ohhhhhh.. I love this idea!!!! It's great!!!!! $600 bucks is a lot of money to pay and lose on an inspection, so would love to have the seller pay. If they're motivated enough and don't have anything to hide, it shouldn't matter. I know my husband and I just sold our rental home and we're getting to sell our primary residence here in Colorado and we did jump through a few hoops when we had a good buyer, but it paid off. Our rental sold relatively quickly considering that we chose to put it on the market in the middle of winter. Of course we also completely re-painted inside and out, re-stained the deck, re-carpeted and fixed all minor issues. I just think that's what responsible sellers do, but of course not everyone is responsible.

I'm so glad you guys are here to help!!! I am a stressed out nightmare right now and hearing all these different perspectives is so helpful.

Something that has always helped us sell our homes fast (I've sold 6 by owner!) is having our home pre-inspected and report on display at the opens as well as available upon request. This doesn't REMOVE their option to inspect, but it's attractive to buyers. So, suggest to your agent that you're very interested in homes that have gone through a pre-inspection. There are so many advantages: some issues have likely already been taken care of, you know upfront what's what, and most importantly, it saves TIME! I'm sure you lost a lot of time on this house. x 5 more houses and you'll be so worn that you'll buy anything with a front door. It's worth asking, there may be a few already in-house, especially since she works for a big company- they love to help each other.

Edit- one final thing, absolutely 100% require a home warranty be included. Your agent probably already will request it, but demand it. It's only going to cost them 500 bucks and though it won't be worth using for minor issues (might have a $100 deductible then pay 80/20 or similar) it will cover all major systems, and THAT is important. Furnace, air, electrical, etc. That way, it feels like you're breaking even on the inspection a bit.