How to deal with a less than stellar inspection report

When buying a home, hiring a certified home inspector (Illinois house inspectors are licensed through IDFPR) to give the place a once-over is a must. To the untrained eye, problems with the home's structure or systems such as an ineffective exhaust vent or bad electrical wiring can be virtually impossible to detect.

And while you might not be able to tell if the grade of the house is off, you'll sure notice when there are fish swimming around in your basement after the next big rainfall!

Home inspectors are often just a precautionary matter, since a seller should be aware of and disclose any serious defects ahead of time.

But what should you do when a bad home inspection report makes your dream home suddenly seem more like a nightmare?

Here are some tips on dealing with a bad home inspection report:

• Don't panic. Almost no home is perfect. Most will have issues that come up on home inspections - even new ones.
• Do your homework. Get as much information as you can from the inspector - especially if you were not able to accompany him during his walk-through (although we strongly encourage you to be present during the inspection).
• Go through the home inspection report with your REALTOR to decide which defects are minor and which ones are major.
• If there are major items that need to be addressed, you can ask the seller to: 
  • fix the items on your list,
  • fix only the most serious items, 
  • provide a cash credit at closing, or
  • reduce the sales price.
• While it might be tempting to hand over a to do list to the seller, sometimes you are better off making your own repairs.

Example:
"When I bought our house, the basement had a lot of cracks in it. I should have asked for a credit but instead asked the seller to repair it. I believe he literally walked around with a can of spackle and slapped it on every crack."

Gee, how helpful... Learn from my mistake.

For that very reason, many buyers ask the seller to provide a credit at closing to make repairs themselves. No one - buyer or seller - is happy to see a bad inspection report. But it's also not the end of the world.

Remember, everything is negotiable. Stay positive and don't let a bad inspection ruin your day - or your deal.