You thought you had your home sold. The buyers’ hired a building inspector and surprise . . . something turned up unexpectedly. The buyers are threatening to abandon the transaction, or maybe they already have. What do you do now? Where do you go from here? Read on for some insight.

The first challenge is to get a clear understanding about exactly what is wrong. This is sometimes harder than you would think. Sometimes the information received amounts to a brush off and leaves the sellers feeling baffled. Meeting the challenge of getting clarification is possible by means of a quality conversation with the buyers, the buyers’ agent or buyers’ attorney. Getting a copy of the written building inspection is certainly helpful. Once the problem has been clarified the question becomes what are you going to do about it? You may want to get a second opinion. While most building inspectors do a fine job, they can make mistakes.

Sometimes the identified problem is legitimate. The sellers and buyers may wish to bring in contractors to obtain quotations to remedy the situation. In some instances a credit is given at closing. Sometimes the sellers hire a contractor and remedy the situation beforehand. Almost any problem can be dealt with if the parties cooperate.

There are many possible problems – an abandoned, buried oil tank, radon in the water, mold in the walls to name a few. It would be in your best interest to have the assistance of someone who has been through the situation already, can provide guidance and relieve the stress of the unknown. If this is the case for you, click on the link below.