Dallas Home Inspection answers on the frequently asked questions: What if the Home Inspection Reveals Problem?
The idea of a home inspection can be quite daunting. As much as you are trying really hard to prepare for the day of inspection, you still don’t know whether you’d be overwhelmed with positive results or bombarded with issues that might be costly to fix, or worse, beyond repair. You are not alone. In fact, there is no such thing as a perfect home. Even newly constructed homes can still have minor defects that will still be found during a comprehensive inspection conducted by licensed inspectors. So, if you are worrying what if the home inspection reveals problems, don’t fret. There’s always something you can do about it. That is the purpose of the inspection. Look for existing damages and potential issues and give homeowners the much-needed knowledge for immediate remedies or actions.
According to ASHI or the American Society of Home Inspectors, a home inspection is “a documented, professional opinion of a home-based on a visual evaluation and operational testing of the home’s systems and components to determine their current condition.” It is important, however, that both buyers and sellers have a thorough understanding of home inspection contingencies. This is the importance of a real estate agent as he/she deals with the types of contract contingency and offers qualified advice on how to proceed with the transaction.
If you are a seller, most likely you have a rough idea of the possible issues your home might have. Some issues can be easily negotiated during the sale. However, the results of an inspection you did not know were issues that might be harder to deal with. While there are some repairs that can be raised and agreed upon, large-scale problems may require negotiating a credit that can ultimately affect the sale.
If you received a bad inspection report, the first thing you need to do is to NEVER PANIC. It just leads you nowhere. Talk to your real estate professional. Ask questions and take advice. Most likely they’ve seen these issues and can offer a positive approach on how to move forward with the sale. What you’ll need is a professional opinion, not an emotional response that further surfaces worries. You can ask the following questions:
- What fixes are mandatory?
- How much is the estimated cost of repair for the issue listed on the report?
- Do I need to hire a professional to do such repair?
- How much do I need to credit the buyer to allow compensation if I don’t make the necessary repairs?
- Should I make the repairs or is it better for buyers to assume them?
- How do I negotiate after the home inspection?
There are two options homeowners have upon acquiring the inspection report. Either make the repairs or sell the home as-is. If you opt to sell the home as-is, just expect a lower selling price than what was initially planned. Sometimes, lowering the prices is a much more affordable option than making the necessary affordable repairs. This may also be a beneficial option for homeowners who want to move out quickly as soon as possible without having to spend so much while moving to a new home.
However, many buyers look for move-in ready homes. Not making the necessary repairs can also turn down the sale. Some buyers might also not be able to afford the needed repairs. If the homeowner takes immediate action after the inspection, the home is likely to spend less on the market and sell more.
Burgess Inspection Group provides Buyer Inspection, Pre-Listing (Seller) Inspection, New Home Inspection, 1 Year New Home Warranty, Termite (WDO) Inspection and Gas Line Check in Dallas, Frisco, Fort Worth and Plano Texas and the surrounding areas.
When you or someone you know needs the services of a quality home inspection company, we would truly appreciate you thinking of us. You can schedule right from our website or call our office now (972) 694-5570.
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