Thinking about selling your home in Anderson South Carolina? If so here is a helpful little tidbit to consider...
If you’re like most home sellers, you have probably lived in your home for more than 5 years. It is in these last 5 years some major changes have occurred in the sale process of a home.
Sellers Disclosure
The biggest change is the requirements of providing a “SELLERS PROPERTY CONDITION DISCLOSURE.” You the home owner must list all the known defects in the home.
Home Inspectors
The home inspector is usually hired by the Buyer and arrives at your property after a contract is negotiated to inspect and list any defects, questionable areas, upgrade suggestions and maintenance.
When significant problems are found by the Home Inspector the Buyer may:
Terminate the contract
Ask for inflated amounts to have the problem fixed
Be so alarmed by the defect found, will terminate the contract without giving you the chance to fix it
Either way your house is back on the market and the problem is still there!
Timing of the Home Inspection
The trend is changing, and Sellers are getting a home inspection at the time of their listing in order to repair or determine the condition of their home and to use it as a sales tool. A Seller’s inspection will virtually eliminate all the hassles and the blown deals inspections cause when the Buyer brings their inspector. It gives the leverage back to the Seller.
How easy is selling a house with a Seller’s Inspection?
If a seller’s inspection is performed and significant damage or defects are found. There will be disappointment, but no hysteria or regret. The Seller then corrects any problem areas, and calls for a re-inspection of the home. The home inspector returns a clean report. Next, a Buyer enters a contract agreement with the Seller. The Buyer will have the option of selecting another home inspection done by a Home Inspector of the buyers’ choice but there should be no major issues that arise from the second inspection.
Originally posted on my blog at Why Get a Home Inspection When Selling Your Home
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