Tuesday, November 20, 2012
Do you need a Home Inspection?
You’ve decided to sell your home but do you really need a Home Inspection? Depending on your realtor, they may or may not, suggest a Home Inspection. Be assured your home will be inspected. The buyer, will as a rule, opt for the Home Inspection.
Without hesitation you put your home on the market, paint and fix it up a bit, and stage it per your realtor's specifications. Your home looks perfect and the price is right. Now you have an offer, and the buyer asks to have the Home Inspection. Is your home ready?
Many items frequently go unnoticed when preparing the home for sale. Most items are easily rectified if you only knew what the Home Inspector would find. The dilemma is, if you and your agent cannot find what is wrong, you cannot fix it.
Once your home is inspected by the buyer’s inspector it is often too late to undo the damage done. The buyer and their agent, report in hand, now has their demands of items to be repaired. They will surely ask for a reduction in the price of your home. To fix or not to fix, do you reduce the selling price even further? You decide to make all the repairs noted on the inspection report. You hold firm to your original price but the deal falls through. No problem another offer will come, you think.
Has your home shown recently? It is in fine condition everything is repaired per the buyer’s inspection report. The problem is, at this point, too many people have heard about the inspection and what was wrong with the property. The buyer’s agent had first-hand knowledge of the report. How many other agents was the buyer’s agent connected to? How many other agents were in their office, in their realtors association, and in their immediate realty network?
In this Inspector’s opinion, the Sellers Home Inspection is an invaluable tool. It puts your house in perspective and lets you choose which items you will repair and which you will not. Many of the realtors that I deal with on a regular basis recommend their client initially have the inspection. Being prepared gives you the upper hand in the real-estate transaction. The buyer’s agents have a network of colleagues which they will regularly communicate with. Once the report has been made available to the agent, that is what they remember. Many homes have been on the market for months, even years, before they sell. It is a buyers’ market and you need every advantage that is available to you. You can choose to have an inspection and be in control of the transaction or let the buyer be in the driver’s seat.