Avoiding the hassle and costs of home inspections
When selling your house to a traditional buyer, one of the first steps after signing the contract is setting up an appointment with a professional inspector. Although the buyer fronts this costs, you’ll have to complete the buyer requests—that is, if you don’t want them to re-negotiate the sale price to be lower or pull out of the sale. You’ll also have to find a contractor to take care of both the lender and municipality predication lists before the sale. All of this can quickly get expensive.
Home inspections and these lists are a headache even if your home is in retail-ready condition. If you have significant repairs such as foundation cracks or termites, it can be almost impossible to get through home inspection successfully. In this case, selling your home as is might be your best bet to save yourself the hassle and stress of home inspections.
And, while usually the buyer will foot the home inspection fee, it is sometimes smart to do a preliminary home inspection before listing your home on the market to check for problems up front. Ironing out exactly what problems your home has and repairing them before putting it on the market can save you the hassle of having a buyer re-negotiate your listing price or pulling out of the sale entirely after an inspection. It’s important to note that areas that inspectors pay extra attention to, including electric, plumbing, HVAC systems and the roof.
Home inspections are incredibly nerve-wracking. For two to four hours, a complete stranger will be poking around in every nook and crevice in your home, marking down on a clipboard every little thing that’s wrong with your home, from settling cracks in the foundation to mold in the basement to unsealed caulking around your windows. And certain issues can require a special inspection. If for example, a buyer notices mold while walking through your home, they can request an inspector to look at it for an extra home inspection fee.
And don’t even think about not disclosing something not found in the inspection. If you performed repairs yourself without a permit, then your home might not be up to code. Even if the buyer does go through the purchase, they can take legal action after the sale if they feel you didn’t disclose important information about your home. “Location, location, location,” is the realtor motto of the past. Nowadays, the mantra is, “Disclose, disclose, disclose.”
If you’d like to save yourself the hassle and stress of home inspection fees, then you should consider selling your home as is to a trustworthy cash buyer. At Wren Realty, we’ve been rehabbing houses for 30 years. We’ll make a fair cash offer that you can accept—or decline—at your own pace.
Give us a call and let’s see how we can make the home selling process less stressful for you.
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