Why Should Buyers and Sellers Get Home Inspections?
Home inspections are beneficial to both buyers and sellers—here’s why.
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Whether you’re a buyer or a seller, a home inspection is very beneficial in terms of getting you the best deal possible. If you’re a buyer, it’s important to know any potential repairs your future house needs. If you’re buying at a low enough price, you may not be concerned with future repairs, but most buyers want to know whether they’re walking into a money pit. Hiring an inspector will ensure you’re aware of any needed repairs, and by knowing them in advance, you have the opportunity to negotiate with the seller over fixing them.
After the inspection is done, your agent should always recommend that you renegotiate with the seller, and there are a few ways to do this:
- Ask them to make the repairs before closing
- Ask them to reduce the home’s price
- Ask them to contribute money toward your closing costs for the amount you estimate you’ll spend on repairs—this way, you can take care of the repairs yourself after closing while being compensated by the seller
If you’re a seller, it’s a good idea to get your home inspected before putting it on the market. We always recommend this if you think your home has a significant issue so you don’t encounter any surprises when the buyer performs their own inspection. Knowing about any issues in advance also allows you to take care of them before listing, or at least know what you’ll have to negotiate with the buyer. Keep in mind that if you do have a pre-inspection, you’re legally obligated to provide that inspection report to the buyer. If you have any more questions about home inspections or you have any other real estate needs I can take care of, don’t hesitate to reach out to me. I’d love to help you.