The seller of a home I was
recently inspecting stated as I entered the house, "so you are the person I will be
hating". Once the surprise wore off, I asked her why she would
say such a thing. "Because you are here to pick my house apart",
was her reply. I had to admit there was some truth to what she expressed.
Home inspectors are paid to identify defects. It often feels like buyer's
love us, but seller's are much less adoring. What is the best way to
get prepared for the inspection? See the following tips:
1. Have maintenance/evaluation done on the house
before the home inspection is ordered. Areas to focus on include the
roof, electrical system, heating and cooling system. Get a handyman
in to eliminate the nuisance items prior to the inspection (i.e. sticking
doors, leaking faucets, loose toilets, etc.). Buyer's will equate problems
in these areas as evidence that the home has not been cared for.
2. If you discover that a system needs major repair
or replacement as the home is listed, disclose it and offer a credit
to the buyer and adjust the sales price accordingly. Most buyers appreciate
the honesty conveyed with an accurate disclosure and feel good about
getting a credit for needed repairs.
3. Make sure you are aware that the inspection will
reveal numerous defects - don't be surprised or alarmed. Even newly
built homes often have long lists of problem areas. Preparation is
the key to avoiding the shock that everyone feels when they are fully
informed about property condition. The buyer should avoid expecting
the seller to bring the home up to today's standards. When you buy
a 1967 Mustang you don't make the seller put in an air bag, do you?
4. Keep things in perspective. I once observed an
experienced Realtor explain to a buyer that if termites are found at
the property that is a good news/good news scenario. If no termites
are present that is good news, but if termites are found then you will
get a whole new barrier of chemicals applied and that is also good
news. Most buyers forget why they fell in love with the property and
how it compared with other homes as they are hearing about the problem
areas. Keep your perspective.
5. Get another opinion and an accurate quote to make
any repairs. Home inspectors, for good reason, are often uncomfortable
making estimates of repair costs. The best bet is to always get actual
bids from several licensed contractors during the re-negotiation process.
Buyers and home inspectors often over-estimate the cost for repairs
and sellers often under-estimate. The only figures of any value are
those presented as an actual offer to perform the repair.
7. If you are deeply disturbed about the news of
the homes' condition it is probably best to let some time go by so
you can process the information. Make follow-up calls to the inspector
to gain additional perspective. If you are the seller, it is important
to focus on the good reasons for selling and the need to work with
a ready/willing buyer. Once informed about the defects they become
matters to disclose to any future buyer so it makes sense to be reasonable. |