Often, selling your home is a challenging and complex endeavor. It can also be one of the most important financial decisions you will ever make as a homeowner. A number of factors must be considered, such as setting the right price, working with the right agent, staging your home for showings, marketing your property effectively, and negotiating with buyers. On top of it all, it is crucial not to overlook the importance of a home inspection when selling your home.
According to a survey conducted by the
National Association of Realtors, 77% of buyers undergo a home inspection before the sale is finalized. This statistic highlights why a home inspection is so important in the home-selling process. Read on for all the reasons you shouldn’t skip it.
What is a home inspection?
Home inspections are professional evaluations of the condition and structure of a property. In this process, the physical structure, systems, and various components of a house are examined visually. A professional inspector assesses a property's roof, foundation, walls, electrical system, plumbing system, HVAC system, and other features. During the inspection, they will check for issues with the insulation, ventilation, and other critical components. After the inspection, they provide you with a detailed report of the property’s condition, including any defects or issues that need to be addressed.
Many homeowners decide to order a pre-listing inspection so that they can get ahead of any repair concerns or issues they may not be aware of. That way, they can ensure that their home is in top-tier condition before it makes its grand entrance on the market.
If you decide to go this route, consider hiring a professional who belongs to an organization such as the American Society of Home Inspectors (ASHI) or the International Association of Certified Home Inspectors (InterNACHI). These organizations have strict standards and codes of ethics that their members must follow, which can give sellers peace of mind that a true professional is assessing their home.
The cost of a home inspection typically ranges from $300 to $500, depending on the size and complexity of the property being inspected.
Why a home inspection is so important when selling your property
A successful and smooth transaction depends on many factors when selling your home. A home inspection is an essential part of the process and offers a variety of benefits for you as the seller. A pre-listing inspection is also quite meaningful for potential buyers.
Discovering unforeseen issues
A home inspection can help identify any unforeseen issues with your property that may not be visible to the naked eye. Even if you have lived in your home for years, there may be underlying problems you are unaware of.
An inspection can help uncover these problem areas, giving you the opportunity to address them before putting your home on the market. These unforeseen problems might include issues with the foundation, roof, plumbing, or electrical system.
Revealing structural problems
A home inspection can identify any structural concerns, which are typically quite challenging to identify without a professional assessment. These may involve a shift in the foundation, tiles peeling off from the roof, cracks in the walls, and other structural components in need of repair. You certainly want to be aware of these issues ahead of time so that you can address them wherever possible.
Fixing leaks
Leaks can cause significant damage to a property over time. A home inspection can help identify any leaks in your home, including those in the roof, plumbing system, and other areas. Addressing these leaks before putting your home on the market can help prevent further damage and increase your home’s value.
Assessing for hazards
A home inspection can help identify any hazards in your home. These hazards might include issues with electrical wiring, gas lines, and other problems that you would certainly want to address sooner rather than later.
More options for negotiations with buyers
If a home inspection uncovers minimal concerns with your property — or if you address any areas of concern before listing — you can use this as leverage when negotiating with a buyer.
For example, if the buyer is hesitant to purchase the home because they’re concerned about the state of the windows, you can show them the clear inspection report indicating that the windows are in excellent condition.
Many buyers greatly appreciate a seller who is willing to perform their own inspection ahead of time. By disclosing the findings of the inspection, you can build trust with potential buyers and show them that you are transparent about the condition of your property. They will feel more secure that you have nothing to hide.
In addition, if you choose to make the recommended repairs before listing your home, you can provide potential buyers with a list of repairs or upgrades that have been completed. This can help to ease any concerns they may have about the condition of the home and increase their confidence in making an offer. You can give buyers the peace of mind that you have taken excellent care of the property throughout the years.
Enjoy a successful selling journey
When it comes to a successful sale, it is essential to understand why a home inspection is so important and use that to your advantage. With an inspection behind you, you can move forward in your selling journey, knowing that your property is in fantastic condition.
If you're hoping to sell your home, partner up with a trusted real estate agent who can guide you through the process. Leading Realtor
Katherine Hunt is well-versed in what it takes to reach success. From Redwood City to
Menlo Park real estate, Katherine is ready to get your home seen and sold. Teaming up with Katherine, you can expect unparalleled service and commitment to your goals.
Contact Katherine Hunt today to learn more about how she can help you sell your home without all the stress.
*Header photo courtesy of Shutterstock
