Buying or Selling a Home: Why you Should Get An Inspection for your Clearwater, Tampa or St. Pete area home. Call AAA Advanced Home Inspections, Inc. for Inspection Services anywhere in Tampa Bay Florida.
If you are selling a home, you’ll get the highest price in the shortest time, if your home is in top condition. Almost all sales contracts include the condition that the contract is contingent upon completion of a satisfactory inspection. This is known as the inspection contingency. Buyers will insist on a professional home inspection performed by an inspector they hire. If the buyers inspector finds a problem, it can cause the buyer to get cold feet and the deal can often fall through. At best, surprise problems uncovered by the buyers inspector will cause delays in closing, and usually you will have to pay for repairs at the last minute, or take a lower price on your home.
Its better to pay for your own inspection before putting your home on the market. Having a pre-listing inspection done will make the whole sale process easier. Present any items as is and reflected in the purchase price. Otherwise, you can count on the buyers inspector finding them, at the worst possible time, causing delays and costing you more money.
One of the key benefits of having the inspection done early, is that if there are any problems discovered that need to be repaired, you can have the repairs done on your own terms, on your own schedule.
When a problem isn’t found until the buyer has an inspection performed, the deal you’ve worked so hard to get done may fall apart unless you act quickly to get the repairs done. Or you may have to take a lower price, in order to keep the deal moving. In either case, you’ll almost certainly have more headache, and spend more money, than if you’d known about the problem and had it repaired before negotiations began. You could save thousands by simply being able to shop around and get competitive bids from contractors, rather than being forced into paying for a rush job at the last minute. Another area where you can save money is in having flexibility to choose the materials used in repairs. Sales contracts usually specify repairs must be made using materials of comparable quality. By identifying needed repairs early, you’ll have the option to save money by using less expensive materials for the repairs.
You can also benefit from simply offering certain items as is. Often, you can negotiate with a buyer to accept items in the current condition by stipulating that they are reflected in the purchase price. But that same buyer may walk away from the deal if the conditions come as a surprise, after an offer has already been made. If the home is inspected before the house goes on the market you will be aware of the condition of the house before an offer is made. There wont be any surprises and the deal is far less likely to fall apart. It takes a lot of effort to get a sales agreement signed in the first place. If the inspection turns up problems, the buyer will want to negotiate a new deal and that second sales agreement is usually even harder to get done than the first one.
By having a pre-listing inspection from AAA Advanced Home Inspections, Inc. , you can identify problems early. Then either correct them or present them as is, assuring that the first offer you accept can move quickly and smoothly to closing without delays or costly surprises.
Many consumers are considering buying a house to take advantage of first-time home buyer tax credits, the American Society of Home Inspectors (ASHI) reminds them about the importance of getting a professional home inspection. According to the IRS, the first-time home buyer tax credit allows taxpayers who have not owned another principal residence at any time during the three years prior to the date of purchase to deduct the lesser of $8,000 or 10% of the purchasing price of their home if they purchase before Dec. 1, 2009. This has encouraged many young professionals in their 20s and 30s to consider buying a house or a condominium.
“To minimize unpleasant surprises and unexpected difficulties, home buyers will want to learn as much as they can before they buy,” said Bill Richardson, 2009 ASHI President. “A home inspection may identify the need for major repairs or builder oversights, as well as the need for maintenance to keep the house or condominium in good shape. With many choices on the market right now, including foreclosures and short sales that can sometimes be riskier for buyers, an inspection is especially important.”
A standard home inspector’s report will cover the condition of the home’s heating system; central air conditioning system (temperature permitting); interior plumbing and electrical systems; the roof, attic and visible insulation; walls, ceilings, floors, windows and doors; the foundation, basement and structural components. The report will include covered systems and components the home inspector finds that are not functioning properly, significantly deficient, unsafe, or are near the end of their service lives.
Consumers should know that they can hire a home inspector after they’ve made an offer on a home and before closing. They also can request to have their offer be contingent on the findings of a home inspection, and have it stated in the contract. In some cases, home buyers may also be able to renegotiate their offers because of the results of the home inspection.
AAA Advanced Home Inspections, Inc. is Certified, Licensed, Bonded and Insured. We will perform a visual mold inspection for FREE, thats a $250 value. Whether you’re a first time home buyer or an old pro, you need a Home Inspection, call AAA Advanced Home Inspections, Inc. today.