Most people associate home inspections with buying a home. However, it’s recommended that people selling their homes have an inspection conducted before listing the property. U.S. News & World Report offers a few reasons why you should have an inspection before trying to sell your home.
Those small problems plaguing your home probably aren’t a huge deal to you. To a buyer, they could be a dealbreaker, so it’s best to have a good understanding of everything wrong. An inspection may also uncover issues you’re unaware of, which must be addressed before you try to sell your home. Keep in mind, you will need to make decisions about any problems discovered during an inspection. For instance, you can choose to make repairs on your own if you believe it will improve your chances of selling.
In this case, an inspection allows time to choose the best contractor for the job. When the buyer’s inspection brings up issues, you’ll be hard-pressed to find a competent contractor in time for the closing, which isn’t always possible. This may jeopardize the sale or result in you paying more for repairs since they’ll need to be made quickly. You can also opt to change your asking price if you don’t have the means to make necessary repairs.
Additionally, some buyers may accept your home as is. This can expedite the selling process, as well as remove the need for the buyer to have an inspection performed. However, this usually depends on how much time has passed since your inspection was performed. If it’s been a while, the buyer may choose to have an inspection performed anyway. Regardless, you must disclose the results of your inspection to the buyer or you could be faced with legal action once the sale goes through.