Whether you’re the buyer or the seller, the home inspection is a significant part of the process. A home inspection in Orlando isn’t something you pass or fail, but the details included and the issues that come to light will affect the sale.
How Home Inspections Affect the Sale
Basically, once you receive an offer on your home, or once you make an offer, the home will get inspected to see if there are any problems. The inspector will walk around the house to check for health and safety issues before the closing date.
Once it’s done, the home inspector will provide the buyer and the seller with a written report to inform you about any possible problems. This report is what will impact the sale.
Buyer vs. Seller
You can choose to have a home inspection as a seller before you even list the home. Some sellers choose to do this to ensure that they know about the issues in their home and can repair those or make their buyers aware of them.
The buyer’s inspection happens later though, after they’ve already made an offer but before closing. They may decide not to go through with the sale if there’s something they feel like they can’t accept.
If you’re trying to sell your home quickly, you might find that having a home inspection as a seller is a good idea. That’s because you can catch everything that might be problematic later and fix them first. This translates into less time wasted and less likelihood for buyers to rethink their purchase when they catch on to some other problems later.
You may find that you’re able to sell your home faster when you have that report front and center.
The Presence of the Buyers
You might find that your buyers want to be there at the home inspection. The seller should always be there, but it’s not a bad thing if the buyers want to stick around either.
After all, the home inspector is the expert. So if the buyer has any questions about problems and how serious they are, or if they want to hear the words straight from the inspector, they may feel more assured about being present. Moreover, they can learn about whether an issue is really something to be concerned about too.
The home inspection is a key part of the negotiation process. Once it’s done, the buyer will see everything that needs to be fixed, replaced or repaired. Often, they’ll use those points to negotiate the price.
It’s up to the seller to agree or disagree with the negotiation. But bear in mind that a buyer may still make the purchase in a competitive market even without a reduction in price or any fixing of the issues.
Home inspections are vital to help sellers know what you’re getting into. Even if you don’t negotiate for a price reduction or ask for problems to be fixed, you’re at least aware of the issues. This might influence what you think about the home and whether you want to continue with the sale.
If there are problems too great for you to fix at the current price of the home, you may want to reconsider closing.
A home inspection is a key part of a home sale. It makes both the seller and the buyer aware of any problems in the home so that the selling process can proceed—but the home inspection can have a huge impact on the sale. It opens the door for negotiation while ensuring that everyone is sure of their decision before the sale goes through.