Surviving the Home Inspection
Ranking right up there with an IRS audit, or jury duty…home inspections are a necessary evil in the selling process. While working with our team will help guide you through the inspection, following the tips below may also ease the pain.
- Check your emotions. Take a deep breath and business frame of mind. Critical and detailed inspections are a part of most home purchases these days. Keep the end goal in sight and tuck the emotions away.
- Paperwork is king. If it isn’t written down, it did’t happen. If you recently had your HVAC tuned up, provide that receipt to the home inspector. Hail storm wreak havoc on your roof? Show that you had a licensed contractor make the repairs. The more responsible you can prove yourself, the more likely the buyers will have confidence that you have really taken care of the property.
- Everything is negotiable. Buyers often ask for more, expecting to settle for less. Buyers may list ALL defects to be repaired, but they all might not be especially important to the buyer. In lieu of repairs, you could reduce the sale price or offer cash for their closing costs. Just remember the aim is to keep it fair and reasonable for both parties.
- Time is on your side. Depending on the terms of the contingency, you usually have until closing to complete all repairs. Remember to keep all receipt and take pictures to evidence that you upheld your end of the deal. Even if repairs cannot be completed before closing, you can usually pre-pay for services to be completed after the buyer takes occupancy of the home.
- Let the professionals handle this one. Now is the time to allow the professionals do what they do best. Hire someone that is locally known and will warrant their work. The last thing you want to get is a phone call weeks after closing that a repair was done incorrectly and you have to pay to fix it again.