Much has been written about the value that housing inspection provides. For a buyer, it is a safety net, a realistic assessment of the condition of a property and an assessment of deficiencies. While it is not your basic function, a home inspection can serve as a catalyst for a renegotiated purchase and a sale agreement.
Such renegotiations may result in repairs being undertaken by the owner, a reduced sale price or the recall of the offer by the buyer if they are seriously damaged.
Increasingly, buyers are conducting home inspections before purchasing a property. Buyers often look for that realistic valuation made by a third party in order to confirm that their choice is sound or to shed light on what kind of future repairs may be required. Although inspectors do not recommend to the buyer whether or not they should buy, their findings carry considerable influence.
Historically, inspections have been made at the request of the homeowner. However, consider the situation of the seller. He (or she), has, also, much at stake in the transaction.
A sale that is not realized can be disastrous for the seller too! He may have bought a new house, depending on the sale of an existing property. Without the funds of the present sale, the new purchase may not go ahead. No one wins when a transaction does not go forward.
A home inspection report with negative findings may surprise both sellers and the buyer. The seller may genuinely believe that the property is in good condition. However, unknown conditions – termites – for example, can alter that assessment.
Good insurance for salespeople
Sales agent’s homebuyer or lawyers generally recommend an inspection. In this case, what is good for the buyer, is also good for the seller. Because surprises are equally detrimental to the seller, he must obtain a “pre-sale inspection”.
Although the inspection prepared for a seller cannot replace a buyer’s inspection, it nevertheless serves a useful purpose. It alerts the seller of the potential conditions that may affect or delay the sale.
People who live in a house become accustomed to the property and may not see conditions as deficits, things that a potential buyer can see. For example, a 22 year old oven can still work wonderfully, but statistically, you will need a replacement within five years. That is an expense of $ 1,000 to $ 2,500 dollars that the buyer may not have anticipated.
A professional housing inspector is trained to warn you what most people are not trained to see. An inspector serves as a detective, looking for existing or potential problems. Without any interest in the sale of the property, the purpose of a home inspector’s diagnostic report is to allow the seller to determine what needs repair before posting a “for sale” notice.