| A lot of times, when I do a home inspection for a buyer, the buyer
already has been told a couple of things are wrong. Then I find a small
thing. Buyer says, 'No big deal.' Then another small thing - 'no big deal.'
Then another and another.
After a while, you have 15 to 20 small things - a door lock that doesn't
work, a garage door without a safety release, missing screens, a few stuck
windows. Now it is a big deal and you've killed the sale.
Home inspections are traditionally done on behalf of the homebuyer,
usually as a contingency for the sale. But Landmark Home Inspection is
one of a growing number of home inspection companies who say a pre-sale
inspection can help sellers sell their home faster.
The cost of the inspection varies according to the size of the house
and the amount of time required. Generally, the cost ranges from $275 to
$500.
Usually the seller wants to know what might need repair before a house
is placed on the market.
Most sellers don't realize how detailed the report is. I check about
700 items in a home. The report is about 30 pages long. Even a good house
will have at least 20 items that need repair. Most of them are very inexpensive
to fix.
Sellers often think they have a deal made when the buyer presents an
offer contingent on an inspection.
Then the inspector comes through, finds some things, and the buyer reduces
his price based on the inspection. The seller loses money, if they don't
lose the sale outright. It's a disadvantage for the seller and the Realtor
not to know what's wrong with the house.
First-time home buyers are especially scared off by the prospect of
spending all their free time unjamming windows, replacing traps under the
bathroom sink or replacing cracked window panes. If these items are known
ahead of time, the seller can spend a few dollars and make many of these
problems go away.
Sellers need to be careful not to use their pre-inspection report as
a marketing tool to potential buyers, or offer it in lieu of the buyer
getting his own home inspection.
Often, when the report becomes available to prospective buyers, he relies
on the report of an inspector he doesn't know, without any knowledge of
the caveats and disclaimers. His expectations can be through the roof,
based on the written inspection. If he moves in and finds out that the
problem is not in the report, he may take the inspection as being presented
as a warranty or guarantee. We always recommend the buyer get his own inspection.
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