After the buyer's offer is accepted by the seller, the next step is for the buyer to schedule a home inspection. Though not required by law, the vast majority of buyers choose to hire a qualified home inspector to evaluate their potential new home for a number of good reasons.
A good home inspection will assist a buyer in understanding exactly what they are about to acquire. A home may look move-in ready, but an inspector will cover features of the house such as electrical wiring, plumbing, roofing, insulation, as well as structural features of the home and may unveil issues that are not noticeable to the buyer’s eye. As a buyer, you are making a vast investment, and it is important to understand exactly what you are purchasing. Having a certified home inspector from Triad Home Inspection conduct a thorough inspection of the prospective property could be compared to taking out an insurance policy against all potential operating costs.
Once the inspection is completed, Triad Home Inspection will provide the buyer with a comprehensive digital report within 24 hours, suggesting any improvements or repairs deemed necessary to bring the home up to current standards. Home inspections may often reveal problems with a home that could be pricey to fix. This could be used as a great tool in purchasing negotiations with the seller. As the buyer you may be able to negotiate the price dependant on what the inspector has found. If flaws were found within the home, the buyer now would have a couple more options in negotiations. A buyer could negotiate a credit with the sellers, have the seller pay for repairs before the closing, purchase the home as is, or walk away from the purchase if the issues seem too problematic.
Are you thinking about selling your home? Do you want to avoid dealing with the surprise of defects found in the buyer inspection? A pre-sale inspection is the most effective way to confidently prepare your home for sale and address the problems before you have to face them in negotiations. Here are three reasons why a pre-inspection may be a good idea.
1. It shows your home is ‘an open book’.
A pre-inspection is a goodwill gesture. It demonstrates a willingness to go beyond what’s expected, and that sets you apart from other sellers. You’re sending a signal that your house is an "open book," and that you’re being upfront about the property. All of this can give potential buyers peace of mind and confidence.
2. It can save you money in the long run.
A pre-inspection gives you, the seller, a heads-up if there are problems that a potential buyer will likely want repaired. Once you know what’s wrong, you can have those issues fixed before you list. The cleaner and more problem-free you can make your home, the faster it’s likely to sell. Because a pre-inspection lets buyers know what they're getting from the beginning, they can factor any needed repairs into an offer. And by disclosing all known issues upfront, you're protecting yourself against claims the buyer might make later — which sometimes result in lawsuits. On the other hand, let’s say you don’t have a pre-inspection. During escrow, the buyer’s inspector discovers problems you didn’t know about. You can be sure the buyer will try to negotiate a lower price, which will cost you money and can delay the sale. The buyer might even cancel the contract.
3. It can highlight your home’s assets.
Assuming you’re not trying to sell a fixer-upper, a pre-inspection can shine a spotlight on your home’s selling points, such as any electrical upgrades you might have had made. At Triad Home Inspection, we have already saved many sellers the money and hassle of dealing with the surprise of home defects before and during the real estate transaction.
© 2019 Triad Home Inspection - All Rights Reserved.