Friday, November 16, 2018

How to Make Sure the Home Inspection Process Doesn’t Derail Your Transaction

Whether you’re a buyer or a seller, the best way to deal with home inspections is to set proper expectations up front.
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Whether you’re a buyer or a seller, the most important thing to remember when dealing with home inspections is to set proper expectations up front.

If you’re a buyer, for example, only request repairs for big issues (health and safety issues, major mechanical issues, an unsound foundation, etc.). Don’t ask for some chipped paint to be painted over in the home’s interior just because it doesn’t look pretty. Just because an appliance might be past the halfway-mark of its lifespan, don’t ask for it to be replaced if it's been serviced and it’s still functioning properly. If you’re not buying a brand-new home, you need to understand that you’re inheriting that home’s age, and its age should be reflected in the price up front—not in a renegotiation after the home inspection has taken place.

Don’t ask for some chipped paint to be painted over in the home’s interior just because it doesn’t look pretty.

Granted, there are always exceptions to the rule, which is why we have inspections in the first place. At the end of the day, if you’re not comfortable with the house or you can’t cover future expenses that come with owning an older house, just walk away.

If you’re a seller, the best thing you can do is disclose everything you know about the house in your mandated disclosure form. Be as open and honest as possible so the buyer knows what they’re getting into. This will eliminate the strife and heartache that comes when a deal falls through.

If you have any questions about dealing with home inspections or you have any other real estate needs I can help you with, don’t hesitate to reach out to me. I’d be happy to help you.