Home Inspections: What you need to know:
Selling a house, in all its steps and strategies, is an often times grueling process that will make you want to pull all your hair out! One of the most frustrating aspects of home selling is the inspection of the home after an offer has been made and an agreement contract has been signed. Although this can be hard to deal with and may result in the buyer backing out of the deal, it is nonetheless important and necessary. After all, once the inspection is complete, you as a seller can feel confident in yourself and your integrity for the product you’re passing along to someone else.
At this point in the process of selling your home, an offer has been accepted and the agreement is signed. Now the buyer has hired a professional inspector to come to your property and look it over with the proverbial ‘fine toothed comb’. His job is to come in and look at every aspect of the property and point out any potential issues that may need attention or repair. He will be able to spot things the untrained eye may not catch (or want to see) and will be brutally honest in his report. The whole idea of the inspection is so that the buyer and his lender are protected in the case that something serious isn’t found that seriously changes the value of the property.
The home inspector will go inside and out, from room to room looking at many things. He will look at the electrical system, making sure it is up to code, and the same for plumbing. He will check to make sure there is no dangerous chemicals or issues like lead paint or asbestos sticking around. He will also check things like safety prevention (fire alarms and such) and look over the heating and cooling systems, windows, roof and foundation. The best thing to do is to stay out of his way and realize that no house is perfect-he’ll likely have something to say! Rule number one: Don’t argue with the inspector! In fact, it is ideal that you allow your realtor to be the one to follow the inspector around. They will know the best way to stay out of the way and offer assistance when requested. Since it is easy to be overly sensitive about your own property, it would be easily possible to become frustrated with the inspector and his comments and end up irritating him to the point where his final analysis is worse than it could have been.
In the end, the inspection (which seemed like it took a week) will be over and you’ll get a copy of the report. The buyer will of course request that anything the inspector saw that needed attention should be fixed before moving further. At this point, it is between yourself and the buyer to negotiate those terms, get them in writing, and if there is anything that needs to be fixed or repaired, do it timely. The inspector will need to return to examine the final result and the sooner he comes and goes, the better. All of this could lead to a delayed closing, which is the ultimate thing to avoid. Be polite and patient, repair anything as soon as possible, and the sale will be on track to a quick close!