A home inspection is crucial for homeowners in the process of selling their house. A pre-listing inspection can give you extra knowledge heading into negotiations with potential buyers. A pre-purchase home inspection will certainly affect the outcome when selling your home in Tampa. Below are three possible outcomes from a home inspection.
Home Inspection Outcome - Clean bill of health:
A home inspector will conduct a thorough inspection of all the major systems in your home. A pre-purchase or pre-listing home inspection will cover the following:
- Foundations, slabs, and flooring
- Heating and cooling systems
- Interior and exterior walls
- Insulation and ventilation
- Windows and doors
- Garages and carports
- Overall structure and construction
- And more
If the inspector gives your home a clean bill of health in the inspection report, this is the best case outcome for buyers and sellers. A clean bill of health means that the sale of your home can move forward without any hiccups regarding the condition of the home. Ideally, sellers will be able to get the best price for their home with this outcome.
Home Inspection Outcome - Moderate Issues:
After conducting the home inspection, the licensed inspector provides a report detailing some minor issues that could potentially affect the sale of your home. More than likely, the buyer would then ask that the seller make the minor repairs before moving forward with the deal. Sellers then have the option to either turn down the buyer’s offer, but most of the time, sellers complete the necessary repairs so that the sale can move forward to completion.
Home Inspection Outcome - Price Negotiations:
The least desirable outcome is when the home inspector’s report shows numerous serious issues. If the buyer still wants to purchase the home, they will ask the homeowners to reduce the purchase price to accommodate for the fact that the buyer would be responsible for the repairs after the sale is complete. Sellers still have the option to turn down the buyer’s offer, but chances are they would encounter the same situation with the next potential buyer that comes along. Instead of a reduced price, the buyer might ask for a percentage of the closing costs to be covered by the seller to help offset the expense of the repairs.
Knowing the possible outcomes from a home inspection will give you more knowledge as you approach negotiations. A pre-listing inspection is a wise choice to prepare you well before a potential buyer schedules a home inspection. There will always be surprises in real estate, but understanding the home inspection process and how the outcomes affect the sale of the home, will help sellers and buyers.
Make sure to always hire a licensed home inspection company with a solid reputation. Don’t just read online reviews; ask your friends and neighbors for recommendations. Ask potential home inspectors for samples of their inspection reports before making an informed decision on which company to hire.