Profile picture for beta1974

What happens after home inspection?

We are in the process of selling our home and the buyers had the inspection done on Friday afternoon.We haven't heard anything back from the buyers in regards to any issues. My Realtor is saying that no news is good news. If there was any requests for repair,for example, would the buyers agent had already contacted my Realtor by now or no?Thanks!
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
September 28 2013 - US
We think we've answered this question for you!
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.
 
 

Answers (7)

Look at your contract.  The dates or days of the contingency are spelled out.  X number of days from contract to complete inspections which includes the buyers written notice to the seller..  X number of days for the seller to respond to the buyer.  X number of days for buyer to respond to sellers reply.

The language should be clear in your contract.  The inspection was Friday and this is Sunday?  The buyer probably does not get a hard copy of the inspection yet.  If radon was tested that might not be back for several days depending on the test that was done.

Usually the buyer has to give you a written reply by the last day of the inspection contingency period. 

I would not fret about it read the contract so you are aware of the time periods.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
September 29 2013
The buyer's agent is likely to adhere to the timelines that are in the contract. I agree that no news is PROBABLY good news; it is my practice as a buyer's broker to alert the listing broker to any serious problems we've found ("Hey, there's an ant the size of Chicago in your north wall!"), and as the listing broker, I will ask the buyer's broker, "how'd the inspection go?"

All the best,
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
September 29 2013
Profile picture for wetdawgs
A hint to effective responses - Read the question!! 

Poster writes: "We are in the process of selling our home"
Agent writes:  "A home inspection empowers you with essential options as a buyer, but with some limitations."

Good luck beta1974, let us know how it goes.  Have a pleasant Sunday.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
September 28 2013
Some inspectors have the inspection ready right on the spot but not all.  The agent needs to review the inspection with their clients, the clients need to discuss it and their options, then they get back with the agent, ... and so on but the point is this can be a process - especially if the inspection brings up an issue or two.  

When does the buyer due diligence deadline?  If there are a few big items that need repaired I'd advise to address the issues sooner rather than later. 

If it were me selling the house and I had not heard back by Tuesday evening I'd ask my agent to follow up with the buyer's agent. 
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
September 28 2013
It depends on the Inspector. They may not have received the report yet. In this case, you may not here from them until Monday. Once the buyers receive the report, they will go over it (usually with their Realtor) and put in a written request for repairs. Once they sign that request, your Realtor should receive a copy and get it to you. If your Realtor doesn't hear anything by Monday afternoon, I would ask him to follow up with the other agent. It doesn't take much to make a phone call and find out what the status is. Just another case of "Hurry Up and Wait"... 
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
September 28 2013
A home inspection empowers you with essential options as a buyer, but with some limitations. In the majority of home sales, the deal is contingent upon the buyers' acceptance of the home inspection report. This means that you, as buyer, have a specified number of days to accept or decline the property in "as is" condition.

The sellers' only obligation is to address defects that are named in the purchase contract or required by state and local laws. 

The home inspector provides an impartial view, performing a service without emotional ties to either the buyer or the seller.  When you're not sure, try listing your choices with the pros and cons of each option. Sometimes just organizing your thoughts and writing them down will help you find the answer. If you're still not sure, call your home inspector and discuss these options with them.

J. Reeves
CEO and Founder
Reef Point Realty & Construction
[deleted by Zillow moderator. Please see our Good Neighbor Policy for posting guidelines]
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
September 28 2013
Profile picture for wetdawgs
After the home inspection, the inspector  writes a report. The buyers need to have the written report in their hands before they write a request for repairs (or to release the inspection contingency).       As the inspection was done on Friday afternoon (yesterday) and today is Saturday, chances are good that the inspector will be writing the report on Monday.     You may hear back on Tuesday or  Wednesday (depending on the contingency period in your contract). 

I agree, it can be a nerve wracking time awaiting feedback.

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
September 28 2013
 
Related Questions
I have had my home listed with a realtor for 6 months and the listing is almost up and I am thinking
Profile picture for Kjell Bock
Latest answer by Kjell Bock
9 minutes ago | 10 answers
can u help sell a week ownership in a resort?
Profile picture for Deborah Medina
Latest answer by Deborah Medina
13 minutes ago | 3 answers
solar panels in central jersey?
Profile picture for sunnyview
Latest answer by sunnyview
13 minutes ago | 4 answers
  • Asked by user8424930
  • In Pricing
  • 1 day ago
Has anyone sucessfully ever resold their timeshare?
Profile picture for Deborah Medina
Latest answer by Deborah Medina
14 minutes ago | 2 answers
Creative Buyer Incentives
Profile picture for sunnyview
Latest answer by sunnyview
20 minutes ago | 2 answers
Be A Good Neighbor

Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.