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October
26
26
What Sellers Should Know About Home Inspections
Home inspections are an important part of the home selling process, and in some cases, they can complicate or even derail the sale. That's why it's important to understand exactly what a home inspection covers and how it can affect the pricing and sale of your home.
Our real estate agents share the following things that sellers should know about home inspections:
- What it Includes
A home inspection is performed by a qualified inspector who examines your property's condition. This includes its heating and cooling systems, plumbing, and electrical work and can also include a check for damage from water or insects.
It's performed, so the prospective homebuyer and lender know important things about the condition of the property before the sale is completed. This way, there are no last-minute surprises about the condition of the home. - Why Consider a Pre-Inspection
An inspection is usually arranged and paid for by the buyer, but if you're selling your home, you can pay to have a pre-inspection performed. By providing this reassurance before listing your home for sale, you give prospective buyers confidence in its physical condition.
If any problems are found, you'll have the opportunity to correct them or adjust your asking price accordingly. Keep in mind that disclosure laws may require you to share any potential issues with prospective buyers. If asked a question about your home's condition, you'll need to answer honestly. - How to Prepare for an Inspection
If a buyer schedules an inspection of your home, you should arrange to be away for up to four hours or possibly longer. The buyer and his or her agent are usually present during the inspection. Also, you'll need to secure any pets and make sure the inspector can reach all areas of the house. For example, your basement walls may be impossible to properly inspect if they're blocked by boxes and other items.
And finally, even if you've already moved out of your home, you'll need to make sure all systems – such as heating and air, electricity, and water for plumbing – are left on so they can be inspected. - What Happens After the Inspection
The home inspector will provide a report detailing any issues that were found. If a building code violation or safety problem is found, it will need to be fixed before the home is sold. Other, less serious issues can be negotiated.
Talk with your real estate agent about what, if anything, you should fix and whether you should reduce your home price for the buyer to compensate for the cost of any needed repairs.
Contact us to learn more about home inspections and how they can affect your home sale. Our agents have the knowledge and experience to advise you.
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