What is a deal breaker? What isn’t?

No home is perfect.  Every home will have issues noted or flagged in an inspection.  Even new homes.

 

Buyers may cancel for an issue that may not be as big as they think.  Call a few contractors, talk to friends and family.  A $1.99 outlet shouldn’t be a deal breaker.

 

Some experts have weighed in on what they consider to be deal breakers.  Remember, almost everything can be fixed.  These may be deal breakers simply because of the price and time to fix the issues.  The attorneys and real estate professionals will guide you.

 

What do experts say may be 5 deal breakers?

  1. Major foundation issues
  2. Aluminum wiring
  3. Buried oil tanks
  4. Polybutylene plumbing pipes
  5. Non permitted work such as electrical wiring

 

Experts say that these 2 aren’t the deal breakers: People feel that they are.  Remember, let the professionals guide you and contact specialists to assist you.

  1. Mold
  2. Bugs

 

Nearly all contracts for homes sold today include a home inspection contingency clause, which is a a provision to allow the buyers to hire a profession home inspector of their choosing to thoroughly evaluate the home for any major problems.

 

Upon receipt of the report, typically, there will be additional negotiation between buyer and seller if problems are found through the lawyers. In most cases, the difference between what a buyer expected going into the transaction and what was actually uncovered by the inspection, defines the scope of what they might ask the seller to fix.

 

Remember, let the professionals guide you and contact specialists when applicable.  A home inspector can be considered as a primary care doctor who can diagnose and treat some things, but refers you to a specialist such as an ENT for further treatment.  Good luck!

 

It’s not a home inspectors job to say a house “passes” or “fails” inspection. Their job is to report what they find — the good and the bad — and let someone else (their client) decide what to do next.