Inspections for Buying vs. Selling a Home
A home inspection is one step in the home buying and selling process to prepare for. What should I expect? What can I do to prepare? Let’s talk about some of the basic differences and expectations for home inspections for buying vs. selling a home.
What is a Home Inspection?
The sale of a house usually involves an inspection where an inspector examines the property for potential safety issues and damages. The inspection can take up to a few days to complete. Not everything that comes back on the home inspection report is significant enough to affect the sale of the home. But if expensive or vital repairs are required, the seller may want to pay for repairs or come down on the price. This keeps the buyer from exercising their inspection contingency and cancelling the contract. A few of the biggest concerns that could come back on an inspection report include a compromised foundation, water damage or leaks, termites, and plumbing or electrical problems. Before the inspection, you may want to take a look at a more detailed list of what the inspector will be looking for.
When you’re making an investment as big as a home, you will want to make sure that you know what you are buying. It is typically your responsibility to hire an inspector and coordinate the inspection. However we can do that for you. We work with some amazing local inspectors including Clarity Home Inspections Services, Core Inspection Services and J Bixler Home Inspections.
A home inspection contingency is a clause you can add to your offer on a home that can protect you. It enables you to get out of a contract with no additional cost if significant concerns arise in the home inspection report that are not to your satisfaction. It’s a good idea to come to the home inspection for more information. You can then ask questions to the inspector, and see any reported damage for yourself. If there are significant repairs required on the house, renegotiating the price of the home or getting the seller to pay for repairs are possibilities.
It’s typically the buyer’s responsibility to get the home inspected, but you should be prepared for the inspection. You may want to be present at the inspection to answer any questions and provide documentation of any work or maintenance you’ve done. There are several things you can do to make sure the inspection goes smoothly. Firstly, clear out the home as much as possible. Then, make sure the inspector will have access to every part of the home, including electrical controls, water systems, and temperature control systems. Replace your air filters, clean out drains, replace light bulbs, and do any other maintenance you can that will eliminate the appearance of a larger problem and take things that might go on his list or report off the table before the inspection.
A home inspection prior to listing is an option. It’s not necessary, but if you would like to take this measure, you will be aware of and able to address any concerns before you sell the home. A possible downside to this is that you must provide buyers with the inspection report. However the upside is, by providing all the inspections prior to going on the market you are often taking the renegotiation for repairs off the table but instructing potential buyers to review the reports and make their offer accordingly. Often they will remove the inspection contingency all together in order to provide a more competitive offer.
Team French is Here for You
In short, inspections are important for buyers so that they are aware of any possible issues with a home. For sellers, it is good to know what to expect with a home inspection. This often prevents small issues from causing concerns when the home inspection report comes back. Team French is eager and equipped to help you find a reputable inspector. We can also help you with all your other Gold Country real estate needs. Reach out to us at (209) 303-7637 or email@example.com.