You’ve found the home you want, at the right price, and the house looks like it’s in pristine condition. However, it’s important to always keep in mind that, particularly when a house is for sale, it has been dressed up to accentuate its best features and minimize its potential flaws. Before you close on a home, or sometimes even before you make an offer, you should insist on a home inspection by a professional inspector.
Many sellers have had inspectors and appraisers look at the home for purposes of the sale, and are aware, that buyers will likely ask for another inspection of their own. The law does require a seller to inform a buyer about any known material defects in the condition of the home. The Georgia seller must also honestly answer a buyer’s questions about the home. Buyers might ask about anything from what repairs you’ve done in the past to how your dealings with the neighbors have been.
Why Home Inspections are Important for the Buyer
Before you put down a deposit and agree to take on a mortgage, it’s important to make sure that the ins and outs of the home you wouldn’t necessarily see or deal with everyday are in good working order. You’ll want to make sure the heating or A/C unit isn’t about to die, the foundation isn’t cracking, and the roof isn’t about to spring a huge leak. If the buyer arranges for a home inspection by a professional before the sale goes through, the problem is still the seller’s. If the buyer chooses not to have a home inspection done, the problem, unfortunately, becomes the buyers.
The number of home inspections performed increases each year and according to the American Society of Home Inspectors (ASHI), over 90% of home sales involve a home inspection. This number certainly indicates the significance of home inspections in the buying process.
Because of the importance of a proper home inspection, it’s vital to make the purchase of the home dependant on a home inspector’s report. When making a written offer for the home, simply make the home inspection a condition of the purchase. If the home inspection comes back clean, the buyer can proceed with the sale with confidence. And if the report is negative, buyers can reduce their offer, make the seller pay for any repairs, or even back out of the contract altogether.
Why Home Inspections are Important for the Seller
According to a joint study by the American Society of Home Inspectors (ASHI) and the National Association of Realtors (NAR), nearly four out of every five homes sold in the nation are evaluated by a professional home inspector before they are sold. Hired by the home buyer, home inspections are designed to protect the buyers from investing in a home that turns out to be a real life money pit.
For sellers, understanding the home inspection process and preparing your home for the evaluation not only helps to ensure that the transaction goes through, but can often translate into getting a top-dollar selling price as well.
Hiring a home inspector for the pre-listing home inspection, is likely to bring up any needed repairs and to avoid any surprises. By the time the contract price is agreed to, most sellers have negotiated down as far as they want to go and the buyers have also offered up the most they want to spend, so finding a costly problem at this late stage can send the transaction into a downward spiral.
Essentially, fixing any issues now, not only means you’ll have less to worry when the inspection is done, it also shows both the inspector and the buyers that you’ve taken good care of your home.
No house is perfect, and just because a home inspection turns up problems, does not mean the house is a risky purchase. If large repairs are necessary, further negotiations may be required. An issue that will require a costly repair, such as a cracked foundation or a roof that needs to be replaced, can also result in further negotiations. The buyer may present the seller with an supplement, requesting that they fix the problems before the sale. The seller may counter by agreeing to fix some of the problems, or cover a portion of the expense of the repairs.
A house is a large investment. It is more than a shelter and a place to live. It is where a family gathers to celebrate special occasions and where children grow up. For most people, a house is the cornerstone of their life where lasting memories are made. It’s important to make sure when buying or selling a house that the home is in good condition and all parties have fair advantages.
At Georgia Pro Inspection Company we serve all of Metro Atlanta with reliable home inspection services. We perform detailed home inspections and provide easy to read information with illustrated reports regarding your home. Call us today at (770) 655-0536 for your more information.