Many times a buyer’s offer that has been accepted is contingent on the home inspection. Unfortunately for some buyers, this means being on edge until they receive the report. Of course, if the seller had their own home inspection done before listing the home for sale, called a Pre-Listing Inspection and highly recommended, then the sellers would already know what to expect and would be confident because of their previous report. Otherwise, a home inspection is many times seen as a necessity for closing on a home sale. While the inspection report is used as a negotiation tool most times, it should also be used as an educational tool for the buyers and their new home.
For many buyers, buying a home will be the biggest purchase of their lives. It’s not unreasonable that a buyer wants their “new home” to be “perfect”! Also in the mix are the two realtors, usually one representing the buyer and the other agent representing the seller – both wanting what’s best for their client’s interest. This is a “many cooks in the kitchen stirring the pot” kind of scenario!
A home inspection is a report used to provide additional information about the home. Generally, if there is a major issue with the home, the seller will issue a credit towards the buyer to cover the cost of fixing any major issues; or the buyer can request the seller have the issue fixed before closing on the purchase of the house. Either request is not unreasonable and is often seen in home-purchasing deals. That being said, the home inspection is essential to a home purchase and should be completed before closing on the purchase. The information in a home inspection report could save the buyer a lot of costs down the road, or at the least, make the buyer aware of issues that will need to be addressed immediately. This is where the educational part of a home inspection comes into play. Not only does an inspection notify the buyers of any immediate issues, but more importantly, the inspection report will educate the buyers on upcoming maintenance, issues they could foresee down the road, costs to prepare for, etc.
Either way there are justifiable negotiations before most home closings, and it is the responsibility of both agents to explain this to their clients. For this reason, most negotiations happen before the offer is accepted. Obvious issues in the home will be considered when pricing the home for sale in the beginning so major issues may already be addressed before the home inspection, but that doesn’t mean you should skip this step. Divinity Inspections Service offers our most-qualified inspectors to review the home / property to make sure there are no major “hidden” or underlying issues and that is really the most important knowledge in this kind of investment. When considering the importance of education a buyer receives from a home inspection, they may be less anxious and more excited to learn about their new home.