How a Home Inspection Can Affect a Pending Sale
These days often the home inspection is the final stamp on a sale. Buyers put an offer in on a house, and every one of those offers will likely be contingent on the results of a home inspection. If the home inspection finds issues, here is how that could affect your pending home sale or purchase.
Home Inspection For Home Buyers
If you are buying a home, you are familiar with how fast a property can move these days. This is why when you find the perfect home, you might be quick to put in an offer. However, that offer will depend on the results of a home inspection.
The home inspector serves as an impartial third party that you hire. They will find every problem, big or small, with the home and lay them out for you. Some issues may be absolute deal breakers, and you are welcome to walk away from the offer. However, more commonly the results of a home inspection start a negotiation. You ask the seller to fix various issues, they either counter with what they are willing to fix, knock off a certain amount of the price so you can repair it yourself, or refuse to do anything.
Home Inspection for Home Sellers
Most often, the responsibility for the home inspection lies with the home buyers. However, a home inspection can give a home seller the information you need to make a fast sale and possibly sell for a little more. Home inspections reveal every single fault with a property. If you want to fix up a property before selling, a home inspection can tell you where to start.
If you are not looking to repair issues, at least knowing the issues – and how much they do cost to fix – can give you an edge in future negotiation as well.