A home inspection helps your buyers understand a bit more about the overall condition of your home. The purchase contract is almost always contingent on the home inspection.

In order to avoid problems with the closing process, every offer to buy a home should contain a repair contingency, a clause that states both the buyer and seller's options if repair issues are discovered during the home inspections. The repair contingency spells out very clearly that the seller can elect to repair problems found by the buyer or not. If the seller elects not to complete the repairs, then the Buyer has the option of accepting the property in its present condition or terminating the contract.

It's important to note that once a Buyer has an inspection and a defect is discovered, it is wise to go forward and make the necessary repairs. If not, that problem becomes a material fact that must be disclosed to all future potential buyers. A way to avoid some of these issues is to have a pre-inspection which allows the inspector to catch inspection issues up front before the house is on the market.

As a seller, you can discuss with your agent the many options that are available should home inspection issues arise.

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