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APPRASIALS SHOULD INCLUDE THE INSPECTION FOR TRUE APPRASIAL TO PROTECT THE PUBLIC

By
Home Inspector with HouseMaster Inspection Services
Four Real Estate Deal Killers
In a buyer's market people can be picky. Therefore, more home sellers are getting a pre-listing home inspection to help identify potential deal-breaking issues. This way, sellers can fix problems and worry less about a buyer walking away later in the deal process.

Why does tha apprasial not include the inspection findings? Why isn't it required to have the inspection first by the seller to give to an apprasier for a true apprasial and to give true diclosure? Isn't the process backwards to protect the Sellers and the Buyers?

With approximately two million home inspections collectively performed by its franchise offices, HouseMaster is aware of a number of conditions that are more likely to scare buyers away.

The following "Fearsome Four" can impact real estate deals:

  • Roofing Concerns: A new homeowner does not want the expense of roof replacement shortly after closing. Even if a roof is not presently leaking, an astute buyer knows that a worn roof needs to be replaced to prevent leaks.
  • Electrical Problems: Older panels are often undersized and might even pose a fire hazard. Although an upgrade is usually straightforward, it can sound scary to prospective buyers.
  • Structural Issues: Major structural issues are one of the least common defects found in homes, but when they do occur, they can be costly to repair, and can really stop a buyer in his tracks. There are often repair options that will make the sales process go smoother. But it will often require another inspection by a structural engineer or repair professional to determine what can be done.
  • Synthetic Stucco or Exterior Insulation Finish Systems (EIFS): Overall EIFS can be effective, economical alternatives to traditional stucco. Unfortunately improper installation can lead to trapped moisture behind the siding. This can cause structural damage and mold, and can cost tens of thousands of dollars to correct.

Sellers lose some advantage when they are caught off guard by issues, even minor ones. In a market where every edge counts, sellers can use tools like pre-listing home inspections and repair records to show that they have taken appropriate steps to sell responsibly and competitively.

Remember, these tips are only general guidelines. Since each situation is different, contact a professional if you have questions about a specific issue. More home safety and maintenance information is available online at www.charlotte.housemaster.com.

Bruce Breedlove
Avalon Inspection Services - Colorado Springs, CO

Good points, Butch.

Last week I had a pre-listing inspection scheduled but when I called my client the day before the inspection she told me she needed to cancel the inspection. She said her real estate agent told her she did not need a pre-listing inspection because the buyers would be getting their own inspection and a pre-listing inspection would be a waste of money. I wonder how the agent would feel if I told the seller she did not need a real estate agent.

Feb 28, 2010 10:47 AM