Imagine Your Home…Passing a Home Inspection With Flying Colors
Finally, you’ve got an accepted offer! You can breathe a sigh of relief…
But hold on… you’re not home free yet.
There is still the Home Inspection process to get through.
Unless you were lucky enough to get an offer that specified “No Inspections”, this will be the next hurdle to jump in the road to the closing table
If you’ve sold a home in the recent past, you already know that working through inspection issues can keep you awake at night.
If you haven’t sold a home in the last decade…well, you may be in for a big surprise!
You’ve put in a lot of effort, time and money preparing your home to list…you’ve come to an agreement on the terms, but now you have to worry about unknown issues the Inspector might find.
- What if the Inspector finds some major damage you never knew about?
- Will your buyer want EVERYTHING fixed?
- How much will it all cost?
While it’s certainly true that Inspection issues are the major cause of a sale falling through, there is plenty you can do in advance to not only prepare for a home inspection, but to give you some peace-of-mind as you work through the Inspection process.
Know What To Expect…
Being “in the dark” can send anyone’s imagination into over-drive.
Horror stories from neighbors and well meaning friends just add fuel to your fear of the unknown.
You do know you’ve taken excellent care of your home, and you’re instantly suspicious of any Home Inspector who reports differently.
To be fair, the Licensed Home Inspector is hired by the buyer…but their job is to inspect your home and provide a report of their findings…not to advise your buyer if they should proceed with the purchase based on what they find.
That is their Agent’s job.
Contrary to some disgruntled home seller’s opinion, Licensed Home Inspectors have a set of guidelines to follow for every home inspection they perform (Home Inspection Standards of Practice)
Both are profession organizations that establish high standards for their Inspector members.
Know Your Options…
It’s not unusual for a buyer to ask for everything on a report…
And, it’s not unusual for a seller to say “No way!!”
Nobody likes to be blindsided, and the Inspector’s report can be full of unpleasant…sometimes shocking… “surprises.”
If your buyer is faced with a long list of needed repairs, they can get a little nervous…and ask for the moon in their Inspection Response.
Digging in your heals and refusing to do any repairs does little to calm a buyer’s sudden case of the home buying jitters…
As the seller, you’re now faced with choices…
- what you are required to do per the contract to satisfy the Inspection Contingency Clause
- what you need to do to restore the buyer’s confidence and proceed with the sale.
But there is a better way…a way to avoid these problems and surprises that can potentially kill your sale.
And you can do this BEFORE you even put your home on the market.
Actually, I’m surprised more sellers don’t do on it.. Maybe they just don’t even realize it’s an option.
But it just makes so much sense, you need to seriously consider it!
Get a Pre-Listing Inspection…
“And why should I pay for an inspection…” you wonder…”Isn’t that the Buyer’s responsibility?”
The short answer is…Absolutely!
However, you’re not paying for the Buyer’s Inspection you’ll be paying for your own.
News flash!! Most Buyers will not completely trust your inspection and will order their own anyway.
Does it make any sense, with so much at stake, to have the buyer be the only one with an Inspection Report?
It’s such a simple solution, and has some amazing benefits…not the least being an enormous reduction in stress and uncertainty. That alone would be well worth an inspections relatively minor cost.
But there’s even more tangible benefits of a pre-listing inspection…
- It puts you in the drivers seat.
- Your Inspector will be working for you.
- It sets expectations and there are no surprises. Your buyer keeps the same confidence in your home they had when making an offer.
- An inspection prior to listing gives you a chance to complete “honey do” items prior to your buyer’s inspection. This can save you money – possibly many time the cost of an inspection – or at least give you an opportunity to get estimates of repairs if you can’t afford to complete them right away.
- You’ll be better prepared for negotiations
Passing a Home Inspection with flying colors takes a little more than luck…
Even a little more than hard work…
It takes knowing the facts about your homes condition before you get an offer. And the only way you can really know is to get a pre-listing inspection from a Licensed Home Inspector.
Still not convinced? Let me know your questions in the comments below.