(815) 353-4459
Selling Your House
Now that you've made the decision to sell your home, the next difficult task will be negotiating the selling price with your buyer. Home inspections have become a key part of buying and selling real estate and a wise investment for both the buyer and seller. Did you know that more than 80% of all home purchases involve a home inspection at the request of the buyer, their attorney or lending institution? Why go through the negotiation process a second time if the home inspection identifies a problem.
Eventually your buyers are going to conduct a home inspection. You may as well know what they are going to find by getting there first. Having a home inspection performed ahead of time helps in many ways:
- Allows you to see your home through the eyes of a critical third-party
- Helps price your home realistically
- Permits you to make repairs, keeps defects from becoming negotiating stumbling blocks
- Provides time to get contractors estimates or make the repairs yourself.
- It may encourage the buyer to waive the home inspection contingency
- Relieve prospect's concerns and suspicions
- Reduce liability by adding professional supporting documentation to your disclosure statement
- Alerting you to immediate safety issues before agents and visitors tour your home
Ruth Rejnis in the book "The Everything Home Selling Book" encourages a home inspection for sellers.
To help reassure buyers, some sellers have a house inspector or an engineer look at the property, and then they offer that report to house hunters. These days almost all buyers stipulate in the sales contract that one contingency for the deal going through is a house inspection with results that are satisfactory to the buyer.
Your getting a house inspection and offering that report to interested buyers can work to your advantage and move a sale along to a successful conclusion. The relieved buyer will know exactly what's going on in your place.
Also in "The Complete Idiot's Guide to Buying and Selling a Home" , Shelley O'Hara and Nancy D. Lewis writes:
Why get your own inspection when the home buyers are going to have the home inspected-and pay for the inspection themselves? To be prepared.
If the inspection is going to turn up problems, you may want to know which problems. Then you are better prepared for the negotiations. Know and acknowledge the problems first so that you don't lose any negotiating power. Plus, inspections often turn up little problems that are easy to fix. Buyers can be overwhelmed with all the stuff found in an inspection. .. You can sometimes fix the little stuff. Also buyers tend to overestimate the price to make repairs, especially minor repairs.
You may actually save money by getting a home inspection done. Say a home inspection will cost you $300. It won't take too many little problems to add up to $300. You know the buyer will use professional tradesmen to quote the repairs. At $50, $75 and $100 an hour plus materials!
To add a GFCI outlet in a bathroom $134-$189
To replace a 40 gal. Gas water heater $397-$544
Replace up to 10 cedar shingles $116-$246
Install a deadbolt in door $45-$95
Call Today to Schedule a Home Inspection
(815) 353-4459
1807 N. Sunset Ave. McHenry, IL. 60050
Phone: (815) 353-4459 Fax: (866) 334-7591
E-mail: info@dinkhi.com