The Truth About Seller-Required Inspections

    The rules requiring seller-required inspections vary depending on where a property is listed for sale. Every state has their own set of rules and regulations. For instance, in some states, a pest and termite inspection is required and the seller is required by law to list any detection to buyers.

    Other states require a lead paint inspection to help inform future buyers of any potential problems. Therefore, as a seller it is important to know what inspections are required in your state when you list your home because the buyer and real estate agent will likely be asking to see proof of inspection and results.

    Some states may not require inspections, but it is still a good idea for a seller to conduct an inspection. Many buyers will request that an inspection be performed, and if you do not agree to one the buyer will likely commission their own inspection.

    This is fine, but sometimes inspectors disagree on their findings and you might have a different take on the matter than the buyer, which will affect a negotiation matter. For example, one inspector might say a window needs repaired while another says that it needs replaced and there is a price difference there that will come into play when you start talking pricing.

    FEMA_-_44528_-_Home_inspections_in_Olive_Hill_Kentucky It is important as a seller to recognize that just because you have an inspection done you do not have to make all of the repairs that are noted in the inspection. In some circumstances such as public dangers (gas lines, water leaks, etc.) you might have to, but otherwise it is generally up to you.

    Most sellers think that they have to make every repair after the inspection is complete, but this is not true. Most buyers expect to put a little work into their new home and this comes into play when you talk about selling price.

    As a seller, it is important to keep in mind that not all repairs are going to help you get a better selling price. For instance, if the doorbell is broken and you decide to fix it you are probably not going to end up getting much more for the home.

    Therefore, it is something to list in the report that you hand to the buyer’s real estate agent, but not something to worry about fixing. Remember your goal is to get the best price, not to be compulsive about repairing your home.

    Being prepared for the home inspection is the best way to deal with the aftermath of the inspection. If you know what to expect you will not be that surprised, and that is one reason why sellers regularly get inspections.

    At the same time, do not be surprised if inspectors find a few more things that you are not aware. It is their job to look over a home and they are much more concerned with the home structure then you. It’s not an insult on you, but a testament to the fact that an inspector is worth their paycheck.

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