If you’re trying to sell your home, one of the things you may want to consider is having an inspection before putting it on the market. Why? If your home fails an inspection, you could end up losing prospective buyers.
So, what should you do if you get a bad home inspection report but still want to sell your house? If you’re already in the process of a sale, it’s a good time to look into the contingencies in your contract. You may need to make repairs before the buyer will continue with the purchase, or the buyer may decide to back out. In that case, you may still want to make those repairs, or you could put your home up for sale while listing the damage that you know is present.
Do homes normally fail inspections?
It’s not uncommon for a home to fail an inspection. Most homes do have some issues that the homeowners may not be aware of. A potential buyer should be told about issues that the homeowner knows of, but they should seek an inspection for underlying issues. It’s possible to sell a home without an inspection and not have to worry about liability, especially if the issues with the home were not apparent or easy to identify.
What are some common issues that arise on home inspections?
Some of the most common issues that come up on home inspections include:
- Electrical issues
- Plumbing problems
- Termite damage
- Chimney damage
- Asbestos mitigation
- Foundation issues
Looking for these kinds of issues prior to putting your house on the market may help you address easy-to-fix issues and disclose others to potential buyers.
What should you do if you are accused of not disclosing issues with the property?
Get to know your legal rights and options. If a buyer claims that you didn’t disclose important information, there is a chance you could be held responsible. Learn more about the laws in your state and discuss your legal options with those who understand the steps you can take to resolve this issue and move ahead with other important responsibilities in your life.