Understanding the Risks Tulsa, OK Homebuyers Have to Deal With

Darryl & Stan review a listener question about paying for an inspection as a buyer, and the possible risks involved.

As a Tulsa, OK homebuyer, part of your responsibility is to pay for a home inspection before you can close on the property. An inspection acts like a piece of extra insurance and can be used within the negotiation process of buying your home. If something remiss, such as leaking pipes, comes to light from an inspection, you, the buyer, can renegotiate the sale price or come to an agreement with the seller as to who will pay for the repairs.

In getting specialized reviews of a home done, such as an inspection or appraisal, there is a risk that something will be revealed which could lead to the deal falling apart. For example, if an inspection reveals repairs that need to be done, a new inspection may be needed to confirm the work has been done properly.

Another example is the potential of a seller to reject an appraisal from the buyer’s lender. If the appraisal comes in lower than expected, they may not want to sell to you after all. They could decide to hold out for a buyer with a lender willing to cover the loan for the listing price they have decided on.

Whatever the reason, if an inspection or appraisal doesn’t go as hoped for, having an experienced Realtor® on your side is a valuable resource for any homebuyer, or seller. As a realtor who understands the local market, I use my experience to help my clients know what to expect, to understand the possible risks, and to also help negotiate with the other parties involved. The goal is finding solutions everyone can agree with.

With an experienced Realtor® who has their clients’ best interests in mind, homebuyers can face the risks of the unknown becoming apparent with confidence. My goal is to not only help you but to also educate and give you the resources you need to make the best-informed decisions for you own needs. Before you hire an agent, give this idea some thought, then check out the 20 Questions I have compiled which can help you start the conversation with potential agents.

This in-depth guide is a valuable resource to assist you through the process of finding the right agent. Download my FREE homeseller and homebuyer report,20 Questions You Absolutely Must Ask Your Next Agent Before You Sign on the Dotted Line for a complete list of questions to include in an agent interview when hiring a Realtor®.

 

Featured Properties:

NEW! 314 E 112th St. Jenks, OK  $280,000, 2,751 Sq. Ft. 4 bedrooms, 3-car garage, within Jinks school district. A hard-to-find home for the price and size together!

4706 S. 178th E. Ave. Broken Arrow. $259,000, 3,000 Sq. Ft. 2-story home with 4 bedrooms, 3 of which are on the lower level. Located in Stonegate neighborhood.

940 E. College St.  Very affordable condo ideal for convenient living. $68,000. 2-bedroom, 1.5-baths, 2-level unit in Broken Arrow. Live a more care-free lifestyle close to downtown. The best of urban village living within a home-town atmosphere.

For a complete list of active listings, visit homeguidetulsa.com

 

For real estate questions, contact The Baskin Real Estate Specialists of eXp Realty at 918-732-9732 or darrylbaskin.com

 

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