Thursday, February 14, 2008
Pre Listing Home Inspections
Having a Home Inspection is obviously a very important part of the process of buying a home. It gives a Buyer peace of mind and some very useful information about the property that they will be purchasing prior to owning it. It can also ensure that they not purchase a home if in fact there is something structurally wrong or something environmentally wrong with the home. Home Inspections can also be done by Sellers prior to putting a home on the market to give them a heads up on what may come up during a Home Inspection. This gives the Seller the opportunity to fix whatever issues there may be before the Buyer has their own Home Inspection. As a Sellers Agent and Buyers Agent I believe it that it is important to have a Home Inspection, as the Inspectors are licensed and have to thoroughly inspect your home. For Sellers, they can get work done for a significant amount less than if a Buyer finds any issues and arbitrarily assigns a dollar amount to a particular issue. For example, if the roof of a home is deemed to be in failure and needs replacement, it may only cost $5,000 for a new roof, but often times after the Home Inspection, Buyers and their agents will say, "Let's take $10,000 off of the Sale Price and we will move forward." This obviously is a good scenario for the Buyer, but not a good one for the Seller. The moral of the story here is that if you do a bit of homework up front, especially in the market we are currently in, you will benefit in the long run. The Buyers will also benefit as a lot of the work that they may have had to do will be done prior to them moving in. It is a "Win, Win" situation.
Subscribe to:
Post Comments (Atom)

No comments:
Post a Comment