A Seller’s Guide To Navigating The Home Inspection.

Home insprection cartoon

A Seller’s Guide To Navigating The Home Inspection.

There are two ways a home inspection comes into play when selling your home.

Option 1: You, the Seller, order a pre listing inspection and repair the “hot list” before you list the property for sale. Why would a seller do this?  Knowledge is power! It gives the seller a leg up in the negotiation process.  The repairs are not an “unknown” to the buyer so they will feel more confident submitting their offer.

In Arizona, there is a section of the contract that is called “Non Working WARRANTED items.”  What does this mean?  There are certain items in your house that the seller is required by contract to repair IF the buyer tells you they are broken. (Section 5A, Page 4) These include: heating/AC, electrical, plumbing, mechanical items/systems, (including those associated with pool systems), and built in or stand alone appliances. Yikes! As a seller, I would want these systems inspected and if necessary repaired before I list my house for sale and go through the emotions of selling.

Option 2: Wait for an offer and hope the inspection report doesn’t scare away the buyer!  Buyers are nervous.  They are making the biggest investment of their lives and if there are a lot of items on the inspection report they begin to question the value of the home.  Did they offer too much? Is it going to be a lemon? Will the repairs be expensive?  For every $200 a buyer has to spend, they deduct $1000 off of their perceived value of your home.

Selling a home can be very stressful.  But pre planning can reduce a lot of your stress and aggravation. Try to remember, this is a business transaction and it is not personal.  Keep a clear head and distance yourself from the outcome.  Don’t forget to listen to your real estate professional!

 

 

 

 

 

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