A home inspection really makes a difference. However, some sellers don't believe that this crucial part of the real estate market is worth their time and their money. That could be a mistake.
On the contrary, an inspection is one of the best steps anyone could take before buying or selling a house. The reasons why include confidence, total disclosure and security, among others. One of the quickest ways to ruin a sale is without a home inspection, and one of the fastest ways to make it all work is with one.
An inspection provides control
One of the biggest reasons why an inspection is so important is because the information provided is so important, according to Fox Business. While the inspector isn't a rope meant to be pulled between the buyer and seller, and high-quality report can help either one with the process.
"The buyer has the upper hand when they have an inspection," Jessica Edwards, agent and Coldwell Banker consumer specialist, told the news source. "If you are willing to do it ahead of time, you give the control back to the seller."
Before listing a house, a homeowner should have a property inspection completed because it doesn't cost a lot of money in relation to the numerous possible benefits, the news source noted. Serious home hazards could be spotted ahead of time, which allows buyers and sellers to negotiate an acceptable resolution. If the buyers themselves find those similar problems on their own, that could tank the price and the sale.
A home inspection helps negotiate price
For many homeowners and potential buyers, a property inspection can be a scary concept. In all honesty, it isn't. This tool is perfect to help the real estate process along, and it could often mean the difference between finding a dream home or ending up with a housing lemon.
Before putting a home on the market, all sellers should have an inspection completed, according to Jill Galliher, a Realtor at Keller Williams Realty. This means the sellers will know what the buyer's inspection will say, which is a leg up during negotiations. The total disclosure gained from this step is a big relief to both parties, which could make the entire process go smoothly.
Overall, many buyers want a sale to go through. A home inspection is a great way to give them peace of mind, since the hidden flaw that doesn't come out right until the end could quickly ruin a lot of hard work and hopes.