Selling Your Home – How To Pass Your Home Inspection
When you sell your home, your buyer will conduct a home inspection to ensure they are aware of the conditions effecting your home at the beginning the escrow period. Your buyer typically has 17-21 days to satisfy themselves that they have the proper financing required to close escrow and that they are happy with the condition of the home as well as all the written disclosures you have supplied them with.
Many times, the home buyer will comply a list of things they want the seller to repair or replace, called a Request For Repairs. During this 17-21 days, the buyer can cancel and request their entire deposit back. This part of the selling process is a very nerve wracking time for a home seller, especially if they have not properly prepared for the sale.
Should we be packing to move in two weeks?
Or will the buyer find something they are not happy about and cancel?
Should we be opening escrow on our new house and putting a deposit into escrow?
What will appear on the buyer’s home inspection report that we never knew about?
Will there be a long list of repairs for us to fix or give monetary credit for?
Moving is a stressful time, even when everything goes well. My goal as a Real Estate Broker specializing in home selling is to implement a proven system that minimizes “Stress Risk” and potential “Deal Killers”.
Another way to minimize stress risk and deal killer risk is to supply my sellers with a PreListing Home Inspection. I invest in a Licensed Home Inspector to conduct a full inspection on your home, just like a buyer will. The difference is, I do this BEFORE we list the home for sale. That way, many small and low cost repairs can be made (like torn screens, loose thresholds, uncovered jboxes, etc) AND any larger items can be revealed and discussed prior to a marketing the home for sale.
If the roof is essentially at the end of its life, would you rather know before the home goes on the market or two weeks before you are supposed to move?
What if you don’t want to replace a roof? If you haven’t listed the home for sale its as simple as saying, “The roof is nearing or has reached the end of its life. Seller will not replace, new roof has been reflected in price”. Now, the buyer buys the home knowing this.
Imagine what would happen if the buyer didn’t know about the roof until their home inspection, two weeks after they agreed on a price when they have the upper hand? They would most likely ask for a new roof or the deals off. And, they would have every right to do this as long as they are within their home inspection contingency time frames.
Making an educated decision on who you hire to sell one of your biggest financial assets is the difference between a fast, top dollar sale and a stressful unpredictable experience. I invite you to take advantage of my sixteen years of Real Estate experience and proven Home Selling System.
Radio Show: The Word on Wealth, KPRZ, with Real Estate Expert Rebecca Austin & Financial Planner Marty Schneider Show Date: 02/18/2016