You've put up your house for sale in Mississauga and come down to Newport News to look for your new home. After weeks of searching, you've finally found a house you really like. You've toured it, asked questions, and made an offer that was accepted by the seller. There's only one thing standing in the way of this deal going through, and that's the home inspection. After it's finished, you get a report from the inspector that certain things need to be done on the house. So what happens now? Here are some possibilities.

You Buy the House Anyway

Although North York real estate agents generally advise against passing up any opportunity to sweeten the deal for yourself, when you get the inspection report you may decide that nothing on it is really worth pursuing if it means jeopardizing the sale. It's fine if you decide that they're only small issues that you're able to fix yourself, but be cautious about ignoring larger issues or problems that may lead to larger issues. A single leak in the roof, for instance, may be indicative that the whole thing will need to be replaced soon.

You Ask the Seller to Fix the Problems

What happens with many homes for sale in Vaughan and elsewhere that have issues show up on the inspection report is that the buyer will go back to the seller and ask them to fix the problems. You are perfectly justified in doing this if you made sure to make your offer contingent upon the results of the inspection. Be aware, though, that often homeowners looking to get rid of the house will fix the problem as cheaply and quickly as possible and the work may not be to your satisfaction.

You Renegotiate the Price

This is the most common scenario. Almost all Markham houses that are more than a few years old will have some issues with them. Most buyers simply use them as an excuse to have a few hundred dollars knocked off the price. To go back to the negotiating table, simply tell your real estate agent that you want the homeowners to pay the cost of repairs and suggest a price of your offer minus the estimate the inspector gave you. The only dangers are that they may say no, and you might kill the deal if you push.

You Walk Away

In any case where you think the house would take too much time and effort to fix, you should walk away, regardless of whether it's a perfect piece of Thornhill real estate in every other way. Some deal breakers include: the house needing a new roof, cracks in the foundation, other structural problems, mold or dampness problems, and needing a new heating system.