Your agent sends the builder the inspection report and gets every repair the builder agrees to in writing.
At closing, your deposit counts toward what you owe. It is not lost money when the sale goes through.
Do I get my deposit back if the inspection finds problems?
Usually the builder fixes what the inspection finds, and you go on to closing. Many builder contracts do not let you cancel over an inspection, so read that part before you sign.
More questions
- How long does it take to buy a new construction home?A home that is already built can close in about 30 to 60 days. A home that is not built yet can take several months.Read the answer
- What are the steps to buy a new construction home?Talk to us, get pre-approved, pick your home, sign the contract and pay the deposit, get the home inspected, then close and get your keys.Read the answer
- Will you help me get my new home inspected?Yes. Your agent tells you which inspections to get, schedules them, goes over the report with you, and works with the builder to get every item fixed.Read the answer
- Do I need an inspection on a brand new home?Yes. A new home can still have problems. Your own inspector finds them while the builder still has to fix them.Read the answer