People might walk away from a home purchase after a home inspection for various reasons, typically tied to significant issues discovered during the inspection. Here are the most common reasons:
1. Structural Issues
- Problems like a cracked foundation, sagging roof, or other major structural defects can be expensive and complicated to fix.
2. Roof Problems
- A roof in poor condition or nearing the end of its lifespan can be a dealbreaker due to high replacement costs.
3. Electrical Issues
- Outdated wiring, overloaded electrical panels, or unsafe installations can pose serious fire hazards and be costly to upgrade.
4. Plumbing Problems
- Issues such as old pipes, leaks, poor water pressure, or sewage problems might require extensive repairs.
5. HVAC System Failure
- A failing heating, ventilation, or air conditioning system can be expensive to replace.
6. Mold or Water Damage
- Mold infestations or water damage from leaks or flooding can lead to health risks and costly remediation.
7. Pest Infestation
- Termites, rodents, or other infestations can cause significant damage and require extensive treatment.
8. Safety and Code Violations
- Homes with safety hazards (e.g., missing handrails, broken stairs, or improperly installed gas lines) can raise red flags.
9. Cost of Repairs
- Even if the issues are fixable, the overall repair costs might exceed the buyer's budget.
10. Seller’s Unwillingness to Negotiate
- If the seller refuses to lower the price, offer repair credits, or address critical issues, buyers may walk away.
11. Emotional Impact
- Sometimes, a large number of small problems can overwhelm buyers, causing them to lose confidence in the purchase.
12. Financing Concerns
- Lenders may refuse to finance a property if the inspection reveals significant issues.
A home inspection is meant to protect buyers from unexpected surprises. If the cost, risk, or emotional toll of the findings is too high, walking away is often the best choice. Bottom line if sellers would get a pre-listing inspection done more homes would sell be proactive not re-active
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