The process of selling your home will involve a home inspection which won’t be the most pleasant experience of your selling adventure, but it will be worth it in the end. Inspections involve potential buyers coming into your home and checking every crack and crevice to determine if your house is the one for them. You will already show it to them once before the inspection, but this will let them investigate the history of your home and everything that needs repair. Hopefully, for you, that’s not a lot. With the right dedication and care of your home, it shouldn’t be. Consider repairing any small or large details that might prevent your house from selling. Check out the Homes for Heroes local deals to find discounts on home improvement supplies and more.
The buyers will most likely hire an inspector to assist them. During the inspection, they will check multiple things and dive into your personal space as well. So, be prepared and have your closets, attics, and basements easily accessible. Below are some tips to prepare you for inspection day.
Understanding How Inspections Work
To prepare your home and yourself for the inspection, you must understand what they’re looking for and how they work. Having your home in good shape will not only ensure that the sale goes through, but also that you get the top dollar amount.
Almost all purchase contracts for houses sold contain a home inspection contingency clause. The clause means that the buyers have a right and an option to hire a home inspector to evaluate your home for any significant problems such as mold or termites. Once the contract is signed, the process begins quickly. You will make an appointment, and both the buyer and their inspector will arrive and go through the entire house. The inspection usually takes about three to four hours; however, if the buyer requested the inspector to look at specific things then it could take longer. For example, the buyer might have suggested that the insulation or framing be looked at to see if any pests have made it their place of residence too.
Most states have specific requirements involving home inspections. Some require inspectors to be licensed. Research to find out exactly what the conditions are for your state. The specifications will include what to look at and what is prohibited. Your state will also have certifications that are required for home inspectors as well, such as a code of ethics. There can be some steep penalties for inspectors who make big mistakes.
What Happens Next?
The next steps are outlined in your contingency clause. If problems were found, there would typically be an additional negotiation between you and the buyer. Expectations of the buyer and the what the inspection uncovered will be what they ask you to fix. For example, they might see that the furnace will need replacing within the next few years and request you install one before the completing the transaction. Often, the best way to resolve these kinds of disputes is to share of the cost of what needs replacing and fixed.
Preparing Your Home
When selling your home, you need to make sure you capture buyer’s attention and set it apart from all the other houses on the market. You can do this by making sure the appearance of your home is in good shape. Landscaping and painting might come to mind first, but there are other things to fix as well.
Start on the outside of your home. Repair things like rotted trim, loose steps, or disconnected gutters. Look for any little details that could need repair. You can see the roof better with a pair of binoculars, and you won’t even have to climb all the way up there. Look for things like missing shingles, exposed metal, or anything that could indicate a leak. Inside your home look for mechanical problems in your heating and cooling system, electrical outlets, and faucets. Fixing the small things that aren’t a big deal to you can show your buyers and inspector that you have taken care of your home.
Hire Your Own Inspector
If you can afford it, hiring your inspector to go through your house before you put it on the market can provide several advantages for you. You will avoid surprises if the buyer’s inspector mentions anything that needs attention. Upon the discovery of problems, you have time to get them fixed. Once the buyer’s inspection is over, you also have your report to compare theirs to.
The inspector will only discuss their conclusions with their client. It seems unfair, but in some states, it’s the law. The best thing for you to do in the process of the inspection is to find somewhere to go so your buyers can be more comfortable discussing things with their inspector without you hearing. Following the inspectors and buyers around isn’t a good idea. Give them some room to work.
The process of selling your home can be long and involve lots of work, but the payout is worth it. In the end, once the papers are signed, and keys are handed over, you will be glad you went through all this trouble to ensure your home was in perfect shape.
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