As Sellers & Buyers,
you have the right
to know ...
Planning to sell your current home OR planning to buy one?
As Sellers...
Why should you do a Verbal or Written Pre-Listing Inspection?
- Identify potential issues: Uncover hidden problems that could be deal breakers for buyers.
- Verbal vs Written Reports: Sellers must disclose all written reports to future buyers.
- Make Repairs: Make the cost effective and simple repairs that will be red flags and potential deal breakers during the option period
How to prepare for a Home Inspection?
- Declutter and clean: Ensure that Inspector has easy access to all areas needing inspection, Attic, HVAC, water heater, sprinkler systems, appliances, etc.
- Address known issues: Repair or disclose any existing problems to avoid surprises.
- Gather documents: Collect relevant permits, warranties, and maintenance records.
How to interpret the Inspection Report?
- Key terms: Familiarize yourself with common inspection terms and definitions.
- Interpret findings: Understand the significance of different inspection findings.
- Addressing issues: Discuss potential solutions or repairs with the inspector.
As Buyers...
Why should you do a Home Inspection?
- Identify potential defects: Discover hidden issues that could lead to costly repairs. Specifically major structural & mechanical items like roof, foundation, HVAC, water heaters, plumbing, major electrical.
- Negotiate a lower price: Use inspection results to negotiate seller concessions, reduced price or request repairs.
- Avoid post-closing surprises: Prevent unexpected problems from arising after the sale.
What to Expect During the Inspection
- Inspection process: The Inspector will take several hours to inspect the property, and the buyer will come at the end to walkthrough the home and inspection.
- Areas inspected: Areas that are assessable.
- Asking questions: Ask the inspector all of the questions to learn as much about your house as you can think of. We don’t expect our pre-owned home to be perfect, but it’s good to know as much as you can about what you are purchasing.
How to interpret the Inspection Report?
- Key terms: Familiarize yourself with common inspection terms and definitions.
- Interpret findings: Understand the significance of different inspection findings.
- Asking questions: Discuss any concerns or questions with the inspector.
Using the Inspection Report to Negotiate
- Negotiate a lower price: Use the inspection report to negotiate a lower purchase price.
- Request repairs: Ask the seller to address specific issues identified in the inspection.
- If New Construction – forward Inspection report to the GC. This will be their “To-Do List”
- Request credits: Negotiate credits toward closing costs or repairs.
Additional Considerations
- Home warranties: Consider purchasing a home warranty to cover potential repair costs.
- Seller’s disclosures: Review the seller’s disclosures for any known issues.
- Environmental hazards: Be aware of potential environmental hazards and ask about relevant inspections.