What must a seller do if an inspection report reveals new issues?

When a seller receives an inspection report that reveals new issues, the appropriate course of action is to submit an Amendment form if necessary. This is because an Amendment form serves as a formal way to document any changes or new agreements stemming from the issues identified in the inspection.

If the inspection report uncovers material facts that may impact the buyer's decision, it is crucial for the seller to disclose these findings to maintain transparency and adhere to legal obligations. The Amendment form not only serves to revise the original agreement but also protects both parties by ensuring that all significant information is acknowledged and agreed upon.

Using the Amendment form enables the parties involved to negotiate adjustments to the terms of the contract, such as price renegotiation, repairs that need to be made, or even reconsidering the sale altogether if the concerns are substantial. This approach aligns with ethical practices in real estate transactions and helps mitigate potential disputes down the line.