Why Get A Home Inspection Upfront?
If you're like most home sellers, you have probably lived in your home for more than 5 years. It is in these last 5 years some major changes have occurred in the sale process of a home.
Sellers Disclosure- The biggest change is the requirements of providing a "SELLERS PROPERTY CONDITION DISCLOSURE." You the home owner must list all the known defects in the home.
Home Inspectors- The home inspector is usually hired by the Buyer and arrives at your property after a contract is negotiated to inspect and list any defects, questionable areas, upgrade suggestions and maintenance.
When significant problems are found by the Home Inspector the Buyer may:
-
Terminate the contract.
-
Or ask for inflated amounts to have the problem fixed.
Either way your house is back on the market and the problem is still there!
More sellers are getting a home inspection in order to repair or determine the condition of their home and to use it as a sales tool. A Seller's inspection will virtually eliminate all the hassles and the blown deals inspections cause when the Buyer brings their inspector. It gives the leverage back to the Seller.
If a seller's inspection is performed and problems are found there will be disappointment, but no hysteria or regret. You can then fix any problems, according to your time schedule and budget without worrying about getting it done before closing. When a Buyer enters a contract agreement with you, they will have the option of selecting another home inspection done by a Home Inspector of their choice. But there should be no major issues that arise from the second inspection since you have already inspected and corrected any problems.
Return to Real Estate Articles & Information