Quote:
Originally Posted by Dusty_Star
If you would like to buy the house, you instruct your agent to make an offer. Only once the offer is accepted do all the other wheels start turning. Both you and the seller agree on a closing date & the inspection is made during that time before the closing. Hopefully, the inspection is made fairly soon, as this will give the sellers time to fix any items found in the inspection. You may decide to re-inspect, or you may take the receipts of repairs as proof & proceed to the closing. It's up to you. If however, the inspection turns up something you would rather not live with, then you can back out of the deal, providing a fail inspection clause was written into the offer.
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I would just take issue with your reference to "your agent". Typically, a buyer does not have an agent, and the agent that is showing houses is representing the seller. A buyer should never tell the agent how much they are willing to pay for a house during negotiations.