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If Problems Turn Up

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    First of all, don't panic. Any home that undergoes a professional inspection is going to reveal some issues. It's normal for a home to need some maintenance. And it's not necessary for a home to be in perfect condition when you buy it. In fact, it's not the seller's responsibility to sell you a perfect home. It's up to you and the seller to reach an agreement on what's acceptable for the sale to go through.

    Your home inspection report is a tool for negotiating with the seller. Prioritize repairs - getting the roof certified is more important than replacing a damaged baseboard. Present the seller with a list of requested repairs, along with estimates of what they'll cost. You can ask the seller to have repairs done before closing to reduce the purchase price or to give you a credit toward repairs at closing. The seller won't be any happier than you are to hear about a need for repairs, so expect some back-and-forth before you agree. If you can't agree, you'll have to decide whether to go ahead with the purchase anyway or invoke the home inspection contingency in your purchase agreement and walk away from the sale.

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    • Compare homes

      Shopping for a home is a lot like dating. It can be fun, and you might fall in love.

    • Shopping on the Internet

      Looking at homes online is a great way to acquaint yourself with what's on the market.

    • Working with a mortgage broker

      If you choose a mortgage broker, you work directly with her and she works with the lender.

    • Do the paperwork

      Read on to learn about the paperwork involved in a typical loan application.