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INSPECTION SURPRISES
November 14th, 2017 10:42 AM

Barbara’s Blog:

A home inspection gone awry can spell double trouble in a real estate transaction.  Sellers who believe they have kept their house in pristine condition might become angry when costly problems are uncovered.  And buyers may be frightened away by the prospect of multiple repairs. 

To avoid these last minute “surprises” after a contract is signed, listing agents can assist by doing a visual inspection, looking for obvious areas that need repair in the home and making some recommendations.  Reviewing the age of the seller’s air conditioning unit, water heater, roof and appliances is a good start.  Also, a seller can help by listing what major repairs and upgrades have been made to the home.

Sellers may want to pay for a prelisting inspection.  This gives them an opportunity to collect cost estimates for repairs and determine whether they want to pay for fixes or lower their asking price.  This can prevent last-minute setbacks and the cost of the inspection can be adjusted into the list price.

Buyers need to understand the difference between health and safety issues and just normal wear and tear.  If a buyer walks away from a home they fell in love with just because of some inspection issues, they may regret it when inventory is tight. Repairs can always be negotiated, and if the home is in a great location with lots of positive features, it is worth making the offer work for both parties.  

Don’t find a reason to walk away; instead find a reason to make it happen!

Written by Barbara Doeringer


Posted in:Real Estate
Posted by Allen Doeringer on November 14th, 2017 10:42 AMPost a Comment

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