Thursday, March 15, 2007

Sellers Home Inspection

We are hearing more and more about seller's having a professional home inspection report prepared prior to marketing their home. Hmmmmm, how do we feel about this? On one hand, it gives the seller the opportunity to repair defects that they may not have been aware of. In addition, any repairs being done prior to the prying eyes of a buyer can be completed in a much more efficient and less costly manner. For instance, a leaky roof can be fixed two ways: a repair or a new roof. Obviously, a buyer would want a new roof. Obviously, a seller would want to have the problem repaired. Sellers can save thousands of dollars by having properties pre-inspected prior to buyers using their own report as a way to get concessions in price.

If you are a buyer, make sure you speak directly with the inspector. Many times an inspector will be candid in a verbal exchange, whereas they are more limited with their written report to limit liability. Check with your agent and make sure the inspector is reputable and known in the area. In addition, many reports are not transferrable, they are only good for the party who purchased the reports. Make sure you are ok with this, otherwise, you may want to purchase your own report.


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1 Comments:

At 8/22/2010 12:46 AM, Blogger Home Inspection said...

Thanks a lot for posting. I enjoy reading your responses because everything you said will help me on my research about property rights and inspections. Your ideas are really helpful to me. I will surely forward this to my friends.

 

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