A home inspection is one of the most popular additions that buyers make to the offer to purchase. A buyers? inspection lets the buyer know more about the home he or she is buying. Many problems with homes are not immediately apparent. A professional inspection, done at the request of the buyer, will give the buyer a clearer understanding of the condition of the home. It is impossible for a house inspector to discover everything that is wrong with a home and an inspection doesn't reveal everything that is wrong with the house, so the buyer has no guarantees that there won't be any problems following an inspection. However, qualified and experienced home inspectors can spot the vast majority of problems and buyers can rest assured that everything possible has been done for the inspection.
When it comes to home sellers, inspections have a distinct advantage also. Indeed, it might be best for a seller to have an inspection done before a house is listed for sale. With most homebuyers asking for a property inspection, sellers should consider that the home will be inspected anyway and the significant consequences if it is. When the buyer's offer is accepted, but the offer is made with the condition that an inspection is done, it leaves open the possibility that the offer could be taken off the table. As bad as that sounds, the reality is worse. Once an offer has been made, sellers proceed as if the house has been sold. When an inspection reveals a serious flaw in the house, buyers immediately want to renegotiate, but sellers feel they have a done deal. The resulting impasse can kill the deal entirely. At very least, even if buyers and sellers can reach another agreement following an inspection, it is often more difficult than reaching the original agreement. In other words, a flaw exposed during an inspection can mean that the buyer and seller might go through the effort and stress of buying and selling the same house twice.
Clearly a pre-listing inspection, done by the house seller, has obvious advantages ? and a couple that are not obvious. Those house-hunting buyers who know that they will ask for an inspection of any home on which they place an offer are appreciative if the inspection has already been done. The existence of a sellers? pre-listing inspection gives the buyer a much clearer idea of the condition of the house. In addition, it saves the buyer the effort of getting an inspection done. Also, the buyer knows that, if they place an order, there is no worry that the order will need to be taken off the table because of any inspection surprises.
All of the advantages to the buyer of a pre-listing inspection add up to a big advantage for the seller. Buyers are more motivated to buy a home for which they do not have to request and inspection and that is being sold by someone who knows enough to get a pre-listing inspection done. Research shows that homes listed following a pre-listing house inspection from a reputable property inspection service will get more offers and usually sell faster
Also, even for their own peace of mind, when a seller gets an inspection done, they know they will not be faced with any costly surprises after a buyers offer has been accepted. Sellers can have more confidence that they will get the price they ask for and plan accordingly. The price confidence that sellers get from an inspection has other benefits. Unrealistic expectations of the value of their home has led to a great deal of sellers? being disappointed when the truth is revealed.
Buyers are often struck by cold feet following a sale and a bad home inspection can be used as an excuse to get out of a deal. Not only does an existing home inspection reduce the chance of a buyer backing out after an offer has been made, it reduces the chance of the buyer getting cold feet in the first place.
You have heard a lot about how house buyers should be sure to get a home inspection done, now you know why a house seller should get an inspection done.
The home inspection experts at Allmax Home Inspections have the experience, qualifications and industry association accreditation that leads to an accurate representation of the condition of a home ? whether it is a buyers or sellers inspection.
Rental Property Inspection Checklist
Everyone has heard horror stories about home purchases that turned sour after the new owners moved in and discovered a few new things about their purchase. This is a heartbreaking ordeal to have to go through so it pays to educate yourself on the necessary steps of a home purchase before you jump in with both feet. Smart buyers know there is a real step-by-step process that has to be observed in order to ensure that they are getting the best deal possible and do not end up with an expensive problem on their hands.
One of the best ways around this problem is to network with your realtor during every step of the process, make sure they keep you informed about everything that is happening with your offer. This will also help you in learning about the actual transaction that is taking place. One of the most important steps of the sale process is the inspection. Always be sure to have the home inspected by a certified and independent inspector. Be wary of sellers or listing agents who downplay the necessity of the home inspection, they might be trying to hide something. Home inspections can turn up important safety concerns such as faulty wiring, insufficient insulation or a faulty foundation and health concerns such as mold.
The last thing you want is to skip a step to save time or money and end up with regrets at the end of the process. Remember, this is going to be a home for you and your family, and you deserve the best. Why spend all the time and money and not be thorough? Protect your family and your investment. You will thank yourself later!
Both Realart & Liz Bacall are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Liz Bacall has sinced written about articles on various topics from Sell Home, Home Improvement. Liz Bacall is an experienced realtor specializing in . A dedicated charity worker, Liz donates 20% of her professional fees to charity.. Liz Bacall's top article generates over 880 views. to your Favourites.
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