Home inspections are among the most crucial aspects of the home buying and selling process. The results of a home inspection can make or break the sale of a home.
Learn more about the typical home inspection mistakes both buyers and sellers make so that you’ll know what to avoid:
Waiving the home inspection
Home inspections are important for both the buyer and the seller because it tells you the condition of the home and its issues. Home sellers who forego the pre-listing home inspection before putting their property on the market may not get the chance to make crucial repairs. Furthermore, they incur the possibility of having to renegotiate and lower the price of their home if a potential buyer finds issues during their home inspection.
A home buyer who purchases a home without having it inspected may find themselves having to deal with a wide variety of issues later on. Issues that could end up costing them a lot to repair, such as a damaged roof, structural failure, mold, and so on.
Not doing the proper research
Having the right home inspector makes a huge difference during the home inspection. One of the common mistakes that buyers and sellers make is not doing proper research on potential home inspectors.
When looking for a home inspector, it’s essential to ask them about their experience, training, qualifications, certifications, and the number of home inspections they’ve conducted – particularly on similar homes in your area. You can also ask a potential home inspector for a sample report so that you have an idea of the kind of home inspection report that you’ll be getting from them.
Choosing a cheaper option
To save on money, buyers and sellers will often hire a home inspector who offers a low rate. While it may save them money on the home inspection, it can end up costing them more when they run into issues post-home purchase.
Skimming through the home inspection report
A home inspection report contains an assessment of the home’s foundation, roofing, heating and cooling systems, electrical systems, and plumbing. A common mistake made by buyers and sellers is either skimming through the report or skipping it completely. By not reading the report thoroughly, buyers and sellers risk missing significant information and addressing the important problems in the home.
Skipping the professional repairs
After having the home inspected and learning about the issues, buyers and sellers will often resort to DIY repairs or hiring cheap labor to save on money. This could affect the re-inspection and end up costing more time and money if the same issues aren’t properly resolved.
Skipping the actual inspection
It’s crucial for buyers and sellers to attend the home inspection. That way, the buyer or seller will see how the process goes and they can ask the inspector any questions about whatever issues may crop up. Home inspections typically last for around two to three hours. During this time, you can get an overview of the issues and get insights on possible solutions.
Learn more about the home inspection and how it can affect you as a buyer or a seller – contact us at Huntley Realtytoday at 847-669-4010 or send an email to homes(at)huntleyrealty(dotted)com.