Monday, August 8, 2011

Three Reasons a Seller should get a Home Inspection ? Raleigh ...

Posted on by Ideal Contracting LLC

Home Inspection Report for Sellers

Buying & ?selling a home under the best of circumstances can be stressful for both buyer and seller.

If you are the seller there are countless hours spent cleaning, primping, and pruning the property for the eagerly awaited day that a contract is?received, negotiated and finally accepted.

After the time and money spent adorning the home, there is still the very real possibility of a cancelled sales contract because of a deficiency listed in the buyer?s home inspection. ?In fact, now more than ever potential home buyers are willing to walk away from a contract that isn?t ?just right?.

Existing-home sales eased in June as contract cancellations spiked unexpectedly, although prices were up slightly, according to the National Association of Realtors?. ?Read More?..

A home inspection by the seller can identify potential problems before a sale and give the seller an opportunity to address potential pitfalls before a buyer does.

Three Reasons to Get a Home Inspection BEFORE?Listing Your Home;

  1. No budget for Repairs:? Reduce the chances of being surprised by an emergency repair that is necessary to sell the home.?You can spend a lot of ?money ?getting your house ready to?sell. Common expenses?are ?new paint, carpet, and landscaping. ?But you also consider a home inspection in order avoid being in the?embarrassing?and potentially?financially painful position?having spent hundreds perhaps even thousands of dollars on aesthetics only to find out the home has a major defect of?foundation, HVAC, Plumbing or Roofing. A ?Seller?s inspection from a licensed home inspector may identify necessary repairs while the seller still has a budget to correct any problems.
  2. Time to shop for the best price for repair.?The 11th hour of a sale is not the time that a seller wants to be negotiating adjustments for repair of a house. Trust me when I tell you, the buyer and their agent will likely wait until the very last minute to send you the repair requests. In this scenario repairs will often be more costly because you need repairs fixed immediately for closing.? The buyer might inflate estimated repair prices in order to lower the sale price of the home or to cover other repairs that might be discovered ?after the sale.
  3. Reduced Your Risk of Losing the Sale due to unforeseen repair items.?In North Carolina, real estate purchases are nearly always contingent upon on a satisfactory home inspection why not be prepared for it? ? If you the seller get your own?inspection report. This will give you a chance to correct and to ?clean up? the inspection report before it becomes ?a deal-breaker. This could save you?thousands?in mortgage payments and potential reduction of the final sales price due to?unforeseen?deficiencies.

Your ?decision to invest in a home inspection as a seller may very well be the decision that saves thousands in emergency repair cost identified in the buyer inspection report.

Contributed by:
David Broadus
CEO Ideal Contracting LLC

Source: http://theraleighmortgageguy.com/2011/08/07/three-reasons-a-seller-should-get-a-home-inspection/

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