Sellers Need a Home Inspection Too
A professional home inspector is trained to notice what most people are not trained to see. An inspector serves as a detective, looking for existing or potential problems. With no vested interest in the sale of the property, the objective, diagnostic report of the home inspector will enable the seller to determine what needs repair prior to putting up the “for sale” sign.
An inspector will check the complete exterior of the house, including the chimney, surface condition of the roof, flashing, gutters and downspouts. He will check the exterior sill, foundation, and the grading of the lot to be sure it is pitched away from the house. The inspector will then enter the basement and view the mechanical, such as plumbing, heating, electrical and central cooling system. He will check the sill, foundation, floor joists, main carrying beams and supporting members.
The inspector will also check for wood boring infestation and water penetration, past or present. He will check the kitchen and condition of appliances. Doors, ceilings and floors on interior rooms will be checked. An inspection will also check the ventilation and insulation in the attic and roof condition when possible.
Inspection companies provide two kinds of reports. One is an itemized list with written commentary that is delivered on site. The second is a written narrative that the client receives several days later through the mail. A thorough home inspection takes between two and three hours. It is advisable to accompany the inspector for the complete inspection.
As a prospective seller, an objective, realistic evaluation of your property’s condition will be of great assistance when placing it on the market. Knowing what objections, if any, are likely to be raised in advance will help you deal with them in a way that keeps the sale moving along smoothly.
Most potential buyers understand the reasons behind the need for a home inspection, but it is just as important for the seller.
Here are just a few reasons why a seller should get their home pre-inspected.
* Knowledge is power. The last thing you want to have happen when you are negotiating the sale of your house is to get caught off guard with an issue with the home that you did not realize. In today’s market, you want to every detail of the house so that you can negotiate the highest price for your home.
* Personal Protection. In today’s litigious society, you will want the comfort and peace that every detail of the home was disclosed before the sale of the home.
* Professionalism. In a market where buyers could potentially look at a hundred different homes, your best move is to make your home stand out. The less work the buyer has to do the easier the sale will be to close. Give potential buyers the path of least resistance and assurance that a home inspection provides.
* The seller can schedule the inspections at the seller’s convenience.
* It might alert the seller of any items of immediate personal concern, such as radon gas or active termite infestation.
* The seller can assist the inspector during the inspection, something normally not done during a buyer’s inspection.
* The seller can have the inspector correct any misstatements in the inspection report before it is generated.
* The report can help the seller realistically price the home if problems exist.
* The report can help the seller substantiate a higher asking price if problems don’t exist or have been corrected.
* A seller inspection reveals problems ahead of time which: might make the home show better, gives the seller time to make repairs and shop for competitive contractors, permits the seller to attach repair estimates or paid invoices to the inspection report, removes over-inflated buyer procured estimates from the negotiation table.
* The report might alert the seller to any immediate safety issues found, before agents and visitors tour the home.
* The report provides a third-party, unbiased opinion to offer to potential buyers.
* A seller inspection permits a clean home inspection report to be used as a marketing tool.
* A seller inspection is the ultimate gesture in forthrightness on the part of the seller.
* The report might relieve a prospective buyer’s unfounded suspicions, before they walk away.
* A seller inspection lightens negotiations and 11th-hour renegotiation’s.
* The report might encourage the buyer to waive the inspection contingency.
* The deal is less likely to fall apart the way they often do when a buyer’s inspection unexpectedly reveals a problem, last minute.
* The report provides full-disclosure protection from future legal claims.
Why an inspection?
*To equip your home for the Real Estate Market
*To gain a marketing advantage
*To be prepared for the buyer’s questions with answers from a professional
*To correct things before they become a doubt in the buyer’s mind
*To make your home the right house to buy