David Barr's Sarasota and Venice Real Estate Blog

I have a couple of buyers under contract.  It's at this point in the buying process that I emphasize the role of the home inspection.  The key to a smooth transaction and happy buyers and sellers is making sure both parties understand the terms they agreed to in the contract regarding the inspection and repairs. The home inspection is not to be used to negotiate a further price reduction or concessions from the seller, unless latent (hidden) material structural problems or improperly functioning systems are discovered. In a traditional sale , the buyer has a right to an inspection during the agreed-upon inspection period.  Per the new FARBAR Purchase and Sale Contract, cosmetic items (visible items not affecting the structure or function of the property) the seller is NOT obligated to repair as a result of the inspection are outlined on page 5.  Major systems such as roofs, HVAC, and pools, are required to be in working condition (performing the function th...

After working with a couple of recent customers and sharing stories with some of my colleagues, I thought it was time to revisit the role the home inspection plays in the home buying process. The home inspection contingency has been put in place in FL real estate to help buyers determine if a home has hidden (latent) major deficiencies, that are not readily visible from the buyer's personal observation. Repeat:  Hidden major deficiencies not readily visible. The home inspection report will note every single aspect of the home, including worn flooring, old paint, old appliances, and old systems such as water heaters and HVAC.  Buyers can readily view these items, even the age of the HVAC and hot water heater, during the showing appointment (or I can point them out to you if you make an offer sight unseen).  As your real estate agent, I can provide advice on how your offer should take these items into account in your offer price. The home inspection is also requir...