What Good is an Old Home Inspection?

By
Real Estate Agent with Jack White Real Estate

 

I have many clients who are listing their homes with me that have old home inspections from two years ago when they purchased the home.  They always ask, “should we include this in the listing?”

I bet you cannot possibly guess what my answer is……….YES! 

Here’s my moto: Disclose, disclose, disclose!  The more information you have not disclosed, the more it can be used against you later in a law suit.  It is much better to disclose the information and allow the buyer the opportunity to make a qualified decision about the purchasing and being happy with their decision than to hold back information. 

It’s very simple, you have an old home inspection, you go thru it line by line and describe what repairs were done, if anything!  It’s that simple!  I, as your trusted REALTOR, will make it part of the listing AND require that these additional documents are signed by the buyer. 

Now “anyone can be sued for anything at any time” blabbity blah blah – however, the fact that you disclosed, and have the buyer’s signature is HUGE! 

So don’t worry, disclose!  You may loose a buyer or two but the right one will come along and you will have done the right thing to protect yourself and the buyer. 

Just a little “Cora Comment”!

Enjoy the day – not frost here yet in lovely Wasilla AK

Comments (4)

Pat Champion
John Roberts Realty - Eustis, FL
Call the "CHAMPION" for all your real estate needs

You are so right it is in the seller's best interest to disclose any known facts about the property. Thanks for sharing.

Sep 21, 2011 05:48 AM
Dan Hopper
Dan Hopper - Gold Way RE - Westminster, CO
Denver Broker / Author / Advocate/Short Sale

Cora... you hit the "nail on the head".  One of the very first things I tell any Seller that wants to place their property on the market, is "When you sell, it really means, DISCLOSURE time"!  Yes, I agree with you, anytime you have old inspections, and even up to 5-7 yrs ago.... provide them to the buyers.  Especially, when you are dealing with a property that is being strictly sold "AS-IS", like a short sale.

Sep 21, 2011 05:50 AM
Cora Carleson
Jack White Real Estate - Wasilla, AK

Thanks for the comments guys!  As we all know, it's our fiduciary responsibility to protect our clients but also ourselves AND our brokerages.  The only way that i want to do business with a Lawyer is to sell him a house!  Cora

Sep 21, 2011 06:17 AM
Denise Tower
Coldwell Banker Gundaker - Maryland Heights, MO
Your Neighborhood Realtor

That's a new twist.  I have never had a seller offer up any type of inspection unless of course they have treated for termites or mitigated radon.  It amazes me all of the things sellers claim to not know about a house they have lived in for 30+ years when it comes to the sellers disclosure!

Sep 21, 2011 06:43 AM