I was reading an article today from the National Association of Realtors, 6 Common Housing Problems that Spook Buyers, and found that there are some things that will make a buyer run from a potential property.

One of the important things the article pointed out was the importance of a home inspection and the need, if possible, for the buyer to be at the inspection. If you are at the home inspection you might have the opportunity to ask questions for clarification and understanding.

The article listed six things, or issues, that seem to cause the most fear: (I have added my own commentary to their information.)

1. Water damage. After walking through a house nothing worries potential buyers more than water spots or clear water damage. It was noted in the article that "all water damage isn't serious."  One of things you will want to know is whether the water damage or leak is major or minor. While major leaks can be be quite costly, some minor ones may only require a few hundred dollars or less. So, it might be worth your while to get an estimate from a professional who can let you know how serious it is and what it might take to remedy.

2. Missing permits. In today's HGTV world, there are a lot of do-it-yourself types out there working on their homes. Something they might neglect to do is get a permit to do the work. Before you completely mark this off the list, the article suggests that you "ask the home inspector if the work was done well and meets code requirements..." If it was done well and passes inspection it might be a nice addition.

3. Code violations. Sometimes you might hear an inspector utter those words. Find out what it would take to bring the situation up to code. Often, in older homes, you might find plumbing or electrical work that is out of date. Some code repairs might be as simple as replacing a plug outlet. So ask.

4. Cracks in the garage floor. I have been in many homes and seen cracks in the basement floor or driveway. From talking with some inspectors, most of these cracks are nothing more than settling and are not indicative of structural problems. Find out from the home inspector whether they are or not. If they do suggest a problem, find out what the problem is and what it might take to correct it.

5. Termites. Damage or a presence of termites can be seen in a large part of the country. Alabama does have them, like most of the south. If they are found, first, they need to be gotton rid of. Once they are gone, you will be able to see what kind of damage has been done and find out what it might take to fix it. If your home isn't protected, we would recommend you getting a bond and regular treatment to prevent further occupation or damage.

6. Foundation cracks and other foundation issues. Cracks can be found in the foundation of many dated homes. If you find any, I would do as the article suggests and "Get an expert to inspect the problem and estimate - what if anything - needs to be done."


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10 Comments on Before You Run From the Home After Inspection... Read This

OCT
26
2007
Now if only the buyers could see the more positive side of things!! Great post!
1:34pm • #1
4 Featured Posts

Inspectors, Sheeesh! 

Thanks for the reminder about how important they really are.  We sometimes give them a lot of grief but they're an essential element in the process for the most part.

Good post.

1:41pm • #2
1 Featured Post

Stephen,

Great post.  The thing that I like about it most is that it seems to be saying that when the agent is walking through a property for the first time with the buyer and you see any of these things, use their existance as a good reason to get a home inspectors evaluation.  You can do alot at that point to take the emotion out of the situation.  You can state, with conviction, that anything that is wrong with a house can be fixed.

In my experience there are 5 things that my clients want to know about a house. 1) does the roof leak? 2) does the plumbing leak? 3) Is the electrical system safe? 4) Does the HVAC system work 5) Is the foundation secure?  

I have not seen that much concern about permits or garage cracks.  While there is a big fear of termites, in Virginia, a separate termite inspection is required, so I don't get much of that concern. 

I think too many agents would rather skip over things that are scary for their buyers rather than to bring the fear down to earth and address it logically.  

2:05pm • #3
467,969 Points 13 Featured Posts Localism Sponsor Outside Blog
Stephen - I usually prepare my buyers for the possibility of issues coming up. I remind them most things can be fixed, so if it is their dream home take a deep breathe then consider the options.
6:22pm • #4
134,956 Points Outside Blog
Stephen I agree with you COMPLETELY!  I have seen some horror stories that could have been avoided by simply getting a home inspection completed prior to purchase. 
7:49pm • #5
OCT
27
2007
172,409 Points 3 Featured Posts Outside Blog
Tina, there is always a brighter side, sometimes it is just hard to find!
11:33am • #6
OCT
28
2007
172,409 Points 3 Featured Posts Outside Blog
Fred, they really are a big part of the process. I write about them often here...
3:14pm • #7
172,409 Points 3 Featured Posts Outside Blog
Bill, I agree many agents are like that. I point out all that I see and use it to recommend the home inspection. You guys are great and need to be used with each and every transaction!
4:00pm • #8
172,409 Points 3 Featured Posts Outside Blog
Jennifer, great advice, we do need to be making our clients aware of all that could happen
4:05pm • #9
172,409 Points 3 Featured Posts Outside Blog
Kimberly, it is true. A lot of frustration and drama could be prevented by a home inspection.
6:10pm • #10

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