Property Inspections: Here's What Sellers Need to Know

by The G.U. Crew 11/10/2019

After you accept an offer to purchase your house, a buyer and his or her real estate agent likely will want to conduct a property inspection. Although the mere thought of a home inspection may cause a property seller to stress, it is important to understand the importance of an inspection for both sellers and buyers.

Now, let's take a look at three things that every seller needs to know about home inspections.

1. A home inspection offers valuable insights for both a seller and buyer.

During a home inspection, a buyer, his or her real estate agent and a house inspector will examine a residence both inside and out. The inspection allows a buyer to take a close look at a residence and identify any underlying issues with a house before finalizing a home purchase.

Meanwhile, a seller may learn about assorted home problems following an inspection as well. And if a home has various problems, a seller may need to correct these issues to fulfill a buyer's requests.

2. A home inspection won't necessarily slow down or stop a house sale.

Typically, a home inspection is performed after a seller accepts a buyer's offer to purchase. At this point, a buyer wants to ensure a home matches or exceeds his or her expectations. With an inspection, a buyer can learn about all aspects of a residence and proceed accordingly.

If problems are discovered during a home inspection, there is no need for a seller to worry. Oftentimes, a buyer will request a seller fix any problems with a home, or he or she may ask for a price reduction. As a seller, you may be able to negotiate with a buyer to find common ground relative to the costs of myriad home repairs too.

3. A home inspection generally does not take long to complete.

In many instances, a home inspection takes just hours to complete, and a buyer will receive a house inspection report within a few days of the evaluation. After a buyer reviews the home inspection report results, he or she can choose to move forward with a home purchase. Or, a buyer can rescind his or her offer to purchase or request home repairs or a reduced purchase price.

A seller will find out how a buyer wants to proceed within days of a home inspection. If a buyer and seller can come to terms after an inspection, both parties can proceed with a home transaction. On the other hand, if a buyer and seller cannot reach an agreement following an inspection, both parties can reenter the housing market.

Lastly, when it comes to selling a home, it often helps to hire an expert real estate agent. This housing market professional can teach a seller about home inspections, as well as what to expect at each stage of the property selling journey. That way, a seller can prepare for any potential home selling hurdles and take the necessary steps to overcome such problems before they get out of hand.

About the Author
Author

The G.U. Crew

After passing the Real Estate exam in 2006 Greg Uihlein started Marketing and selling homes in the Washtenaw, Jackson, Ingham and Livingston counties. In 2013 he was offered a position as the Sales director for the Howard Hanna Chelsea office. That same year Geri Uihlein, Greg’s wife a former Toyota sales associate obtained her Real Estate license and joined the Howard Hanna Company in the Ann Arbor office. This created a void in their dynamics of the past as Greg and Geri worked together successfully for many years prior in marketing. After much consideration and company support, Greg stepped out of management of the Chelsea office and he and Geri began THE G.U. CREW for the Uihlein Group of Real Estate Professionals. Directly following, Keven Numinen a former educator obtained his Real Estate license and joined the team bringing his compassion for detail and organization. The next Member to join the G.U. CREW was Helen Hughes bringing a warm, subtle and embracing touch to the team as a fixture in the Chelsea market. All of these great agents comprise of a distinct, able, caring CREW of very dedicated and multi generational Real Estate professionals with the goal to help our clients with their journey of Marketing or purchasing the perfect property or home, now serving Jackson, Ingham, Washtenaw, Oakland, Wayne and Livingston counties.