When you sell a home, as the seller you are usually not the one who is responsible for hiring a home inspector. In the majority of home sale transactions the buyer has that responsibility because his or her mortgage lender requires an inspection prior to loan approval. But, before all that happens you can choose to order and pay for a home inspection for your own purposes. Although it will cost you a few hundred dollars out of your own pocket, it can be well worth it to know in advance what the buyer 's inspector is likely to find at some point in the future and you won 't be surprised and possibly disappointed later. This article is basically about home inspection for dummies.
Whenever real estate agents sell a home they are required to …show more content…
In most parts of the country you are required to reveal what you know, but you are not required to reveal things you don 't know. That would be impossible. Hiring a home inspector in order to get a jump on any problems or anticipated repairs you may be required to address prior to closing a sale transaction can be a great idea. But, as you can begin to see, you will be on notice regarding various issues and you will become obligated to share those issues on your Seller 's Disclosure Statement as well. It can be a toss-up as to whether or not it is a good thing to order a home inspection on your own behalf before listing your …show more content…
More often than not, this is the result of a home inspection. Even items that don 't seem terribly important to you can be an issue with a lender. Mortgage lenders are notorious for finding fault with the slightest items on a home inspector 's report. This is an important point to keep in mind whenever you sell a home and whenever you consider your potential cost of making a sale. Sellers always have costs involved in making a sale, including marketing costs such as placing ads, and also a real estate commission when the home is listed with an agent. But other costs to consider are those associated with issues that a home inspector has found or will find when an inspection
Whenever real estate agents sell a home they are required to …show more content…
In most parts of the country you are required to reveal what you know, but you are not required to reveal things you don 't know. That would be impossible. Hiring a home inspector in order to get a jump on any problems or anticipated repairs you may be required to address prior to closing a sale transaction can be a great idea. But, as you can begin to see, you will be on notice regarding various issues and you will become obligated to share those issues on your Seller 's Disclosure Statement as well. It can be a toss-up as to whether or not it is a good thing to order a home inspection on your own behalf before listing your …show more content…
More often than not, this is the result of a home inspection. Even items that don 't seem terribly important to you can be an issue with a lender. Mortgage lenders are notorious for finding fault with the slightest items on a home inspector 's report. This is an important point to keep in mind whenever you sell a home and whenever you consider your potential cost of making a sale. Sellers always have costs involved in making a sale, including marketing costs such as placing ads, and also a real estate commission when the home is listed with an agent. But other costs to consider are those associated with issues that a home inspector has found or will find when an inspection