Most homeowners don’t know where to start when they plan to sell their homes. Apart from the what’s, and when’s, the how’s is among the many questions of home selling. Given that you now have an agent working with you, you can now move forward to something very crucial – home inspection. You might wonder how to move forward after the home inspection. Buyers usually won’t commit to a purchase without making sure that the home has already undergone a home inspection.
Since a home inspection will surely discover problems, what’s next? What you can do is to carefully read your inspection contract. This way, you wouldn’t get stuck mending things you actually don’t want to. This is very crucial. As a seller, there are two very important things you need to understand.
- Never sign an inspection contract until you fully understand your obligations pertaining to your responsibility for repairs.
- There are fixes you should do, you can do, and you don’t need to.
Rest assured, a home inspection is not a to-do list. Here’s how you know which fixes are required, not required, and ones that are up for debate.
Common Required Repairs
These repairs typically include structural defects, building code violations, safety issues, basement or crawl space problems and even defects related to the chimney or surface. Your home inspector will inspect your septic system and heater too, verify if there’s radon leak or termite infestation, check your roofing, electrical, and plumbing systems. If the home inspection report reveals problems in this area, most likely you’d be responsible for them. You can start working with contractors to see how much the repairs will cost. From there, you can fix the issues or offer credit to the buyer so they can pay for the fixes themselves. This is more preferable as you no longer need to oversee the work and you can move out and move on.
Repairs that are not required
The common wear-and-tear is not something you should be worried about. Cosmetic issues as well are not necessary. In fact, there are some inspection contracts that specifically stipulate that buyers cannot request for cosmetic repairs and can only ask for structural problems, safety issues, and building code violations.
Check your local ordinances to know which fixes fall into your area of responsibility.
Repairs that can be negotiated
Between required and not required is a place for negotiable repairs. Handling these negotiable repairs is dependent on the market you’re in. If you’re in a hot seller’s market, you’ve got the upper hand. Here’s why. When there is a limited number of homes with more competition, buyers tend to waive their inspection right to ask the sellers to make the repairs. Under normal market conditions, you won’t be able to draw such a card.
You need to work with your real estate agent to better understand what to do next. After all, you have already spent a lot of time in the selling process and perhaps it’s best to accommodate some fixes rather than let a buyer walk away. Besides, depending on the magnitude of the request, you can always work around it.
There are negotiation strategies that can help you effectively handle these home selling hurdles found by your home inspector.
- You can offer a home warranty which can come in handy for things that don’t really need fixing but can still worry about the buyers.
- Trade something valuable. You can negotiate by offering appliances or furniture to beg off some repairs.
Yes, a home inspection will always discover issues but it’s not the end of the world. You can always address them quickly and offer a win-win solution for you and your buyers.
Schedule your Fairfax County Home Inspections Today! For the home buyer, having a good understanding of the condition of a property is crucial to making informed decisions during a real estate transaction. Call 703-259-9192Today Click To Schedule Online 24/7 Right From Our Website @ https://trustedadvisorhomeinspections.com/.