Saturday, February 13, 2016

5 Ways To Inspection Proof Your Home


home inspectionWhile we have all heard horror stories about inspections results and how they have derailed deals or led to further price reductions, it is important to note that often times there are NO surprises and all parties move on to the next stage. Much depends on the experience and overall knowledge of home maintenance on the part of both the Seller and Buyer. 
 First time buyers can get overwhelmed as the inspector points out every little detail while someone downsizing understands that all homes have minor issues that can be addressed over time.  
Proactive sellers that know the issues with there homes are prepared for the inspection report. The owner's with the "if it ain't broke, don't fix it" attitude can get a bit defensive when problems arise.
  Understanding the Home Inspector's Job: The home inspector is hired by and works for the buyer.  He does not work for the buyer's agent, the listing agent, or the seller. They are there to go through the house and grade various systems and structures so that the buyer can make an educated decision on whether to move forward with the sale or not. It is not an easy job and they do not want to kill deals. Experienced inspectors can clearly express issues as being minor, common, or something that should be addressed immediately. 
 Now that we have the various roles outlined, I would like to share 5 things you can do as a seller to help curb inspection surprises. These will cover the issues that are the most common reasons buyers ask to reopen negotiations.

            1. Service Heating/AC Systems: Explain to your service provider that you will be selling and would like a detailed report on the functionality of the system. Have them leave you a brochure with their contact information to give a potential buyer.
            2. Clean/Inspect Chimney: Often overlooked and a focus of inspectors. When a buyer hears things like potential Carbon Monoxide leaks and chimney fires it can be scary. Showing that the chimney has been cleaned and inspected can settle those nerves.
            3. Electrical Inspection:  Have an electrician come in and test all of your outlets to assure they are grounded properly, GFCI outlets are installed where needed and make sure circuit breakers aren't overloaded.
            4. Radon Test: This is optional for a buyer but you may want to spend the $20 at home depot to buy a kit and find out if this could be an issue or not. Providing the result of a safe reading could save them the additional inspection cost. Disclosing a high reading prior to the offer will make it easier to say no to a mitigation system installation.
            5. Seller's Statement Of Condition Form:  This form is not a mandatory form, but can be a great way to curb further negotiations. It will detail all of the major systems and areas of the house that are of concern. Disclosing all positive and negative details to be reviewed, signed and submitted with the offer will assure that they were aware of these issues prior to making the offer.
We have experience working with the various personalities of buyers and sellers that helps us to expertly navigate through the inspection process. If you are considering selling your home this year, we would appreciate the opportunity to assist you in making a game plan. Click To Contact The Giles Team!

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