Home Buyers Inspection
A home inspection is supposed to give you peace of mind, but often has the opposite effect. You will be asked to absorb a lot of information in a short time. This often includes a written report, photographs, environmental reports and what the home inspector has to say during the home inspection. All this combined with the seller's disclosure and what you notice yourself makes the experience even more overwhelming.
What should you do? Relax. Most of your inspection will be maintenance recommendations, life expectancy and minor imperfections. These are nice to know about. However, the issues that really matter will fall into four categories: Anything in these categories should be addressed. Often a serious problem can be corrected inexpensively to protect both life and property (especially in categories 2 and 4). Most sellers are honest and are often surprised to learn of defects uncovered during an inspection.
Home Sellers/ Pre-Listing Inspection
Getting a sellers inspection before you list can potentially save money and headaches: Because of today's high home prices, buyers are giving critical weight to home inspection results as they balance the condition of the property against the selling price. Buyers are coming to the negotiating table well informed and prepared. Since there is no such thing as a "perfect" house, even the best maintained homes generally has defects or problem areas of which even the most careful seller may not be entirely aware. Getting a sellers inspection will help make the whole sale process go easier.
Find out about any hidden problems and get them corrected in advance on your own terms. Otherwise, you can count on the buyer's inspector finding them at the worst possible time, causing delays, and costing you more money. In either case, you'll almost certainly have more headaches and spend more money. Think about it!
What if the buyer's home inspector find a problem or even worse major problems, it can cause the buyer to get cold feet and the deal could fall through. At best, surprise problems uncovered by the buyer's inspector will cause delays in closing, and usually you will have to pay for repairs at the last moment or reduce your home selling price.
What are the benefits of getting sellers inspection ? It allows you to see your home through the eyes of a critical third party and price your home realistically. Refer to it as a checklist to make necessary repairs ahead of time by hiring a reasonably priced contractor or do them yourself. This way those defects won't become negotiating stumbling blocks later.
Finally it may: a) Relieve the buyer concerns and suspicions. b) Encourage the buyer to waive the inspection contingency. c) Alert you to immediate safety issues before agents and buyers tour your home. d) Alert you of items of immediate personal concern, such as active termite infestation. f) Reduce your liability by adding professional supporting documentation to your disclosure statement.
- The report can help you substantiate a higher asking price if problems don’t exist or have been corrected.
- The report can be used as a marketing tool.
- The report provides you with full disclosure protection from future legal terms.
- The report will reveal problems ahead of time which might make your home show better.
- The report is the ultimate gesture in forthrightness on your part.
You will also benefit from simply offering certain items as is. Often, you can negotiate with a buyer to accept items in the current condition by stipulating that they are reflected in the purchase price. But that same buyer may walk away from the deal if the conditions come as a surprise, after an offer has already been made. If the home is inspected before the house goes on the market you will be aware of the condition of the house before an offer is made.
There won’t be any surprises and the deal is far less likely to fall apart. It takes a lot of effort to get a sales agreement signed in the first place. If the inspection turns up problems, the buyer will want to negotiate a new deal and that second sales agreement is usually even harder to get done than the first one.
By having a pre-listing inspection done, you can identify problems early. Then either correct them or present them as is, assuring that the first offer you accept can move quickly and smoothly to closing without delays or costly surprises. Call Galloway Building Services to do your pre-marketing inspection.
Home Construction Inspection
Most builders provide a one-year warranty for new construction. Generally during this period of time the buyer develops a “punch list” of corrections for the contractor to repair under the warranty coverage. Some defects will not be obvious to the untrained eye. It is prudent to obtain our home inspectors list of items that will most likely be repaired by your builder at no cost to you. You will be reassured knowing that potential problems were addressed before they grew into something that could cost you a great deal down the road.