Take Advantage Of Home Inspections To Get The Best Price For Your Home
Posted on: 26 January 2017
When considering to sell a home, it is advisable that you have it inspected before listing it. A home inspection is important as it helps to uncover not-so-obvious problems. This helps in not only enabling you to decide on what repairs to do, but also helps to avoid any surprises down the line -- since most buyers do their own inspections. And while spending money on a home inspection is not mandatory, this is usually money well-spent as it helps to increase your chances of getting a higher price for your home. Here is what you should know.
Home inspections allow you to make easy-to-fix repairs
When it comes to setting the price of a home, a lot usually rides on appearance. Easy-to-fix defects such as roof stains, a squeaky garage door, wall stains, surface-deep cracks, missing roof fasteners and broken windows can make an extremely bad impression. This will end up ruining your chances of negotiating a fair price as the buyer may want a huge discount on the price.
With a home inspection performed by a company like AccuPro Inspection Services, identifying these easy-to-fix defects is easy. Fixing them by cleaning the walls, replacing missing nails and screws, replacing your window glasses and applying a fresh coat of paint before listing your home will go a long way in not only reducing the time that your home will be in the market, but also improving your bargaining position.
Home inspections help to facilitate disclosures
Most states require a potential buyer to disclose any defects that a home has. Having your home inspected before listing it will come in handy in helping you not only comply with the law, but also avoid penalties associated with nondisclosure. And since making material disclosures is required when entering into a real estate contract, doing so will also help to avoid costly litigation that may arise in case a buyer discovers defects that weren't disclosed. As a result, it in turn reduces your house-selling costs, something that then goes a long way increasing the net profit that you make from a sale.
However, legal compliance isn't the only benefit that comes from inspection-backed disclosures. Being upfront with a potential buyer is a sign of good faith. It helps prevent post-agreement renegotiations that usually happen in cases where the buyer discovers undisclosed defects. As a result, it helps reduce discount demands. And since you will be negotiating in an environment fueled by good faith, reaching a fair sales price will be easier.
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