What Every Home Seller Should Know About Home Inspections
What is a home inspection?
A home inspection is an examination of the condition and safety of a piece of real estate, often conducted when the home is being sold. A qualified home inspector will assess the heating and cooling system, water and sewage systems, other plumbing, and electrical work, and look for any potential fire or safety hazards.
Inspections and Repairs Requests are on the Rise Again
During the housing market frenzy of the pandemic, many buyers waived inspections to be more competitive with their offer. However, a recent Realtor.com survey found that inspections and repairs are becoming popular again:
95% of buyers are requesting home inspections.
95% of sellers are making some updates or repairs prior to listing.
67% of buyers are asking for repairs as a result of the home inspection.
$14,163 is the average amount sellers spend on updates/repairs prior to listing.
When selling a home, it's crucial for sellers to be aware of the importance of home inspections. A home inspection is a thorough examination of a property's condition, conducted by a certified professional. This process helps identify any potential issues that may need to be addressed before selling the property. In this blog post, we will discuss what home sellers should know about home inspections and offer valuable insights to ensure a smooth selling process.
Transparency is Key: Home sellers should approach the home inspection process with transparency. Disclosing any known issues or past repairs to the your Realtor can help establish trust and avoid any surprises for potential buyers. It's important to remember that hiding or neglecting to disclose information about the property's condition can lead to legal issues down the line.
Preparing for the Inspection: To ensure a successful inspection, sellers should take some preparatory steps. Clearing access to all areas of the property, including the attic, crawl spaces, and electrical panels, is essential. Additionally, addressing any minor repairs or maintenance issues beforehand can enhance the overall impression of the home.
Attend the Inspection? It is not mandatory for sellers to be present during the home inspection, this is a time for your potential buyers to take a deep dive and get all of their questions answered and due diligence completed.
Keep Emotions in Check: Home inspections may uncover issues that can be disheartening for sellers, especially if they were previously unaware of them. It's important to remember that most properties have some imperfections and that these issues can be resolved. Maintaining a level-headed approach and working with your real estate agent to address any concerns can help keep the selling process on track.
Negotiating Repairs: After the home inspection, buyers may request repairs or concessions based on the findings. Sellers should carefully review these requests with their real estate agent and determine a reasonable course of action. It's important to remember that negotiations should be conducted in good faith, with the goal of reaching a mutually beneficial outcome for both parties.
Are you a home seller looking for expert guidance throughout the selling process? Our team of experienced real estate professionals is here to help! Contact us today to learn more about how we can assist you in navigating and negotiating the home inspection process and achieve a successful sale.
Conclusion: Home inspections are an integral part of the selling process, offering valuable insights into a property's condition. By being transparent, adequately preparing, and maintaining a level-headed approach, sellers can navigate the process smoothly. Remember, a successful home inspection can instill confidence in potential buyers and lead to a successful sale.
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The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Tammy Kaiser & Realty One Group do not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Tammy Kaiser & Realty One Group will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.