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Selling my home

Should I sell, and what's it really worth?

Step 6 of 7

What happens after I accept?

The answer

The buyer inspects and their lender appraises. Expect a repair request, and decide ahead of time what you'd fix, credit, or refuse. If the appraisal comes in low there are three ways through: the buyer covers the gap, you lower the price, or you meet in the middle. Most deals survive both.

The inspection report can feel like a list of everything wrong with your home. It isn't. Inspections always find things; what matters is how you respond.

How long
Most people spend about 2 weeks here.
What to do0 of 5 done
  • How to: Out for the inspection

    Be out of the house for the inspection

  • How to: Responded to repairs on time

    Respond to repair requests inside the contract deadline

  • How to: Repair vs. credit decided

    Offer a credit instead of repairs for cosmetic items

  • How to: Appraisal done

    Provide easy access for the appraiser

  • How to: Utilities staying on

    Keep utilities on and the home in the same condition through closing

Go deeper
What people wish they'd known
  • Getting defensive about the inspection. It's normal; almost every home has findings.
  • Refusing all repairs. Reasonable sellers keep deals alive; stubborn ones restart the clock.
  • Ignoring a low appraisal. It has to be resolved or the buyer can't get the loan.

From the Thrive team

  • If the appraisal comes in low, ask the lender about a reconsideration of value with better comps before you cut the price.
The next thing people ask

What do I pay at closing, and when do I move?

Go to step 7

Questions you'll probably have

Questions about your situation?

Elliott or Ashley will answer, usually within one business day. No pressure, no pitch.

What would you like?
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