Sometimes a home inspection will turn up issues that you, and most likely the seller, was not aware of. Sometimes these issues need to be addressed and these can be used to help you in further negotiations on price.
The home inspection report will list everything that is need of repair or replacement in the home. While a majority of these are normal wear and tear items and may not be helpful in renegotiating the price your real estate agent will be able to help you determine if anything that turned up can help you try to negotiate a lower price, or possibly a credit toward the needed repairs.
While some things must be done by the seller depending on your loan type, your best course of action is to negotiate for a lower price or a seller credit towards repairs so that you know the work was done correctly and to your satisfaction. Not that sellers will have poor work done intentionally, but it is in their best interest to have the work done as cheaply as possible.
The seller doesn't have to agree to a price reduction or credit. Even if you uncover a major issue with the home. If that happens you have a choice to make, and you have two options.
- Continue with the purchase as previously agreed to.
- Walk Away from the deal, based on the uncovered defects in the home
Your real estate agent is working on your behalf and will handle the actual back and forth negotiations. You chose your real estate agent wisly and can trust in the fact that they are working to ensure you have the best deal possible.