Would it not be great as a homeowner to know how much leeway you have during negotiations with the home buyer. All sellers have a bottom line and the anxiety of not knowing what issues might arise during the buyers investigative period can be nerve-racking.There is a solution to this potential problem. For that peace-of-mind, perform inspections before you start marketing your home. This resolves two concerns right upfront, the first being the unknown that every owner will eventually have to face, what repairs are needed and how much will it cost. The other more important purpose is simply giving the owner a better idea on how much flexibility they have on negotiating the price when they receive an offer.
Homeowners in many cases are losing thousands of dollars by waiting to find a buyer and then keeping their fingers crossed that nothing comes up during the buyers inspections. Buyers would be more prone to migrate to properties that have all of the necessary inspections. You have two kinds of buyers on the market, some with a lot of money and most with little money. You attract more buyers and your home becomes more sellable using this approach. Here are a few inspections that make a difference.
Whole House Inspection This inspector goes through a property with a fine-tooth comb looking for any defects. This is the most vital inspection because they cover the entire home. These inspectors are a jack-of-all-trades, but a master of none. By that I mean, they can locate the problem but can’t diagnose the exact cause. An example, the air conditioner is not performing to the fullest capacity. Under those circumstances a local central heat & air specialist would be called for a thorough diagnoses. The cost for a whole house inspection ranges from $350 to $500.
Roof Inspection: Roofs are one of the biggest reasons why deals fail. If your roof is more than five years old, it’s strongly advised to have an inspection of the roof. Knowing that a roofer has certified that roof makes the buyer and buyers lender happy. Yes lenders are apprehensive about loaning money on a property with roof issues. The cost for inspection ranges from $120 to $175.
Heat And Air: Depending on the age of both units, the heater and air conditioner should be inspected. If they had been replaced in the last five years, but serviced on a yearly basis, you might be able to forego this inspection. The best analogy why these inspections are so important would be two similar properties are on the market at the same price. One’s had all of the inspections and the other has not. Which home do you think is more attractive to a buyer? Cost of inspection $100-$150
There are other inspections that are essential based on the community you live. For instance in Davis, California we have a city ordinance that requires an owner to have a city resale inspection. They are looking for any permit, code or safety violations. Other communities might have comparable obligations. The combined cost of these inspections are under $1,000. The money you might save in the long run could be much higher than that amount. Please visit my website at www.JohnnyBrooksHomes.com for helpful tips on buying or selling a home, scan my informative blogs and easy access to view local area homes in Davis, California and our surrounding neighbors.