John provides an overview of the options sellers and buyers have after a home inspection.

When you’re selling your place, it makes sense that most buyers will want a home inspection. After that inspection, a buyer has a few options.

They may cancel if the inspection reveals issues they can’t deal with.
They may move forward if there are no issues or concerns.
Or they may ask for repairs or concessions to address their concerns.

So, if they ask for something that you don’t want to do, what happens if you say no?

When the agreement includes an inspection contingency, the buyer has the right to conduct a profession inspection and, based on that report may make requests.

If the Buyer asks for concession that you don’t want to do, the contingency allows the buyer to walk away and recoup any earnest money.

However, even if you refuse, the buyer may really want the property and move forward anyway. In this case, saying no is gamble that paid off.

More likely than not, a buyer will make several attempts to seek concession and even counter after a NO from seller.

If a you hold firm to a position, you cannot guarantee a contract, but you will ensure that you have followed your bottom line.

The buyer cannot force you to make concession, but the realities of the market and the details of each transaction usually end up with a give and take between the parties, so the deal will come together.