
“Why does the Buyer want a home inspection on my property? Everything has been working well for me!” I can tell you as a Realtor, just about every Offer that I write or every Offer that I present has a home inspection clause in it. It not only protects the Buyer but it may protect the Seller in the long run…
A home inspector is usually hired by the Buyer to go over his/her purchase with a fine tooth comb. The inspection covers a wide variety of items that may cost the Buyer substantial money down the road if they have not been cared for. It is one thing to go into an agreement knowing about the defects in a property but if this info is not known to the Seller and, therefore not known to the Buyer, the end result could be costly.
Any time that I have had a Buyer do an inspection, I try to impress upon them that we are looking for major concerns such as roof issues, water issues, electrical pluming and/or foundation issues. We all are aware that every house, including new builds, have things that have to be looked after; however, the larger things can add up to a lot of expense.
A Buyer will usually accompany the home inspector during the inspection so that they can get first hand advice on how to deal with a problem. A good inspector will give them different options of how to remedy it.
There are 3 ways that a Buyer may deal with the inspection’s outcome. They may want to negotiate a better price so that they will be able to make the repairs, they may want the Seller to do the repairs or they may just choose to walk away from the deal if they cannot come to an acceptable conclusion with the Seller.
In our present Buyer’s market, it would be wise for a Seller to perhaps have a pre-inspection completed so that they know for sure what is going on in their home so that there will not be any surprises when the Buyer has their own inspection.
So…in the end, though everything may have been working well for you in your home over the past many years, the Buyers today have such a selection of properties to choose that their expectations are high when it comes to value for their money!