Friday, January 31, 2014

Home inspection reports are they just for buyers??


Things to think about before your put your home up for sale:
 
Should I get a home inspection report before I list my home for sale?

No if:

You owe more money than your home is worth.

You are no longer able to make your mortgage payments and need to list your home as a short sale.

Your home is in such bad shape, seeing a report will not help you.

Your home is in such a hot area, there will be a bidding war.

Yes if your home is more than 10 years old and the market price is over $350,000 - $500,000, it could be a really good idea. If you have ever watched the TV Show Sell This House, the show finds homes that have been on the market without selling for an extended amount of time. They place multiple hidden cameras all over the house. Than the show host an open house and lets the prospective buyers view the home alone. The video is later viewed with the homeowners, the responses vary. Some homeowners are fully aware of the mistakes while other are in denial. The shows main focus has to do with cosmetic issues not items that a home inspection report will uncover. The reason I brought this up is once you have lived in a home for more than a few years, you will view you home different than a prospective buyer. One man’s castle is another’s dump.  

Investing several hundred dollars in a written report could benefit you in the long run and leave you with more money in your pocket. First by pointing out possible issues that you may or may not be aware of, allowing you to cure the issue before listing. Second a clean inspection report may nudge a fence sitting buyer off the fence.

This all being said, if a home inspection report uncovers flaws that you are not aware of and are not necessarily noticeable to a buyer you have to disclose. A clean report can also help with potential future litigation.

If you have any questions regarding home inspection reports or want to know how much your Palm Beach County Residential Real Estate is worth please do not hesitate to reach out to the offices of Friday Realty LLC.


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561-379---7881