A home inspection is vital both for buyers and sellers. It helps the buyer see the real status of the house he/she intends to buy, thus avoiding any future costs and hassle of house repairs. On the other hand, the seller will see what needs to be fixed in the house that he or she is trying to sell, thus improving the house before putting it on the market.
A house in good shape and condition is easier to market at a higher price. Both the buyers and the sellers will benefit from having a home inspection.
If you are a buyer or a seller, we got some tips prepared for you; check everything:
Tips for The Buyers:
Know how a home inspection works.
Buyers need to see how a home inspection works because the buyer gets to choose which home inspection company he/she wants to inspect the house. The buyers should understand what is covered in a home inspection.
A home inspection usually includes checking the condition of the house’s different systems such as the ventilation, plumbing, electrical, roof, windows, doors, swimming pool, structure, foundation, and many others. Other home inspection companies offer pest inspection, radon inspection, asbestos inspection, mold inspection, etc.
The buyer must be there during the inspection to see the real condition of the house. After the whole home inspection process is done, the home inspector provides a written report to see the entire picture of the house’s real condition.
Get recommendations.
It is easy to be attracted to home inspection companies that offer low prices. However, buyers must always prioritize the quality of the home inspection. Always choose a reliable and tested home inspection company to help you with your home buying journey. Reviews are beneficial, so go ahead and do some research. Aside from that, you can also ask your real estate agents for recommendations.
Set a realistic expectation.
A home inspection aims to help you see the house’s real condition that you intend to purchase, including the house’s flaws. Expect that the house you plan to buy is not perfect, and some issues can resurface during the home inspection. After all, it is good to see the problems in the early stage of your home buying journey for you to decide whether it is still a go or a no.
Be hands-on with the home inspection process.
Buyers need to participate during the inspection to see firsthand the house’s real condition. Besides that, buyers can learn more about the house as the buyers have to hear from the home inspector. It is also an excellent opportunity to ask relevant questions regarding the house.
Negotiate with the sellers.
Negotiation is always welcome in the home buying process. Do not hesitate to negotiate with the seller, especially if you see the issues of the house.
Know when to quit the home buying process.
Watch out for issues regarding the house’s foundation or structure. These issues are crucial and might cost you more in the future. Aside from that, if the seller is unwilling to fix the house’s significant problems, it is time to quit the process.
Tips for Sellers:
Coordinate with your real estate agent.
Real estate agents will be of great help for house sellers. They are the ones who will help you know and understand the different types of home maintenance issues that can be in your house. Aside from that, he or she can give you proper recommendations on home inspection companies to assess your house. They can also recommend contractors that can help you fix all the house related issues you have. They can help you with marketing your home, which is very relevant in the house selling process.
Make sure your home is in good condition.
The house’s value may vary depending on the state of the house. Therefore make sure to fix all the issues and beautify your home before putting it on the market. Repaint if needed. Fix the roofings, floorings, and even the walls. The goal is to make it more appealing for the buyers.
Go for a pre-inspection.
A pre-inspection both have benefits and downsides. Seeing the issues beforehand will allow you to fix what needs to be fixed before the actual home inspection. With this, the buyer will see lesser issues during the actual home inspection, giving you an edge during the negotiation. It will provide you with the confidence, assuring the buyers that all the problems are being addressed. However, it can be costly because pre-inspection might cause you some extra dollars.
Participate during the home inspection.
You know the house that you are selling better than anyone. So for a smoother home inspection process, your participation and cooperation are a must. Aside from it will make the home inspector’s job more comfortable, the buyers can be assured that you are serious with the transaction, therefore, gaining their trust. It will also help you make necessary adjustments after the assessment.
Key Takeaway
Take these tips with you, whether you are a buyer or a house seller, during the home inspection process. Indeed, these will help you prepare and know what to do during the home inspection process. It is always better to know the ins and outs of the home inspection journey.
