When you decide to sell your house, home inspections are one of the major steps included in the process. It is crucial that you properly prepare for an inspection and know how to react after the results come in. Be aware of what your options are if issues arise and alleviate some of the stress associated with selling real estate.
Improving the appeal of your home
If you are selling your home, you know that it is important to make the product you are listing attractive to consumers. Many of the improvements you would make to heighten curb appeal and the general appearances of your home also help during a home inspection.
According to The Money Pit, it is important to be honest when evaluating your home and deciding what you should fix. In addition to improving the aesthetics of a home, fixing loose steps, boards on your front porch and repairing or replacing heating and cooling systems can ultimately increase the total value of your home. It is often better to replace and improve a property on your own time without any pressure from a buyer.
Reacting to results
When an inspection is finished, there may be issues that arise. The Front Door recommended waiting for a buyer's reaction to the results before getting too nervous. Once the buyer reaches out to you and you begin to negotiate, be willing to compromise. However, it is also important that you do not allow a buyer to take advantage of you. You do not want the cost of repairs cutting into your profit.
Realtor.com noted that the amount of negotiation you can do is contingent on the contract between you and the buyer. Discuss available options with your real estate agent before deciding to move forward and pay for repairs. It is important to always have a complete understanding of any contract you sign and know whether you are responsible for repairs.
Typically, a contract that a buyer presents will have a clause that indicates the purchase of a home depends on positive results from a home inspection. The best type of contract for a seller is one which states an interested buyer will buy your house "as is". In an instance such as this, you would not be required to pay for any repairs. However, it may be wise to consider doing so if requested if you are nervous about losing a sale.