Options when repair items are identified during the inspection process.

Most real estate contracts in Illinois allow for a 5-day home inspection period and we suggest you take advantage of it. They will also outline a negotiation process. During that negotiation, you can ask the seller to fix items that need repair, you can ask the seller for a credit to compensate you for the future repairs, or you can request a hybrid of these two options. The seller then has X amount of days to respond to your requests. They can accept the requests, reject the requests, or offer an alternative proposal.  Then there’s another X amount of days for the buyer to respond if the seller has rejected or made an alternative proposal. In most inspection contingency, the buyer maintains control of the process and does not lose their opportunity to purchase the home if they request repairs. The seller can say no, and then the buyer has a chance to terminate the agreement if they wish.6

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