Home Inspection: Pre-inspected Listings

The future of real estate?

* Home inspections have traditionally been for the benefit of the purchaser.

* Pre-inspected listings benefit all parties – purchasers, vendors and Realtors.

Deals are less likely to fall through.
Home inspections, performed as a condition of the offer, can kill deals – and often needlessly. Sometimes this is because the purchaser gets cold feet; sometimes there’s a big problem no one knew about. Sometimes it is because the house has been misrepresented; sometimes it is because the home inspector scared the purchasers by not explaining that minor and typical problems are just that – minor and typical.

If the home inspection is performed prior to the house being listed, all parties will be aware of the physical condition of the house before an offer is drawn. There will be less likelihood for surprises after the fact. Deals will be less likely to fall through.

Pre-inspected listings can avoid renegotiation.
In a buyer’s market, most houses have to be sold twice. It takes a lot of work to get a signed Agreement of Purchase and Sale… then the home inspection is conducted and the purchaser wants to renegotiate.

If all parties know the condition of the house prior to the offer, there is generally a lesser need for renegotiation. As most Realtors know, renegotiation can be very difficult. Vendors have already mentally sold the house; purchasers are suffering from ‘buyers’ remorse’. Egos, pride and frustration can muddy the already emotional waters.

A vendor who pays for a home inspection will be further ahead than one who has to renegotiate. He or she may even sell their house faster.

Unrealistic vendors.
An inspection at the time of a listing can also help a Realtor deal with a vendor who has unrealistic expectations. The inspection report is good ammunition for explaining why you can’t ask top buck for a house that is not in top condition.

Repairs prior to sale.
Sometimes, the home inspection will reveal items which should be repaired immediately. A pre-inspected listing allows the vendor to repair the problem prior to putting the house on the market.

If the inspection occurs after the Agreement of Purchase and Sale, the purchaser could walk, renegotiate or depending on the inspection clause, the vendor may have the option to make repairs. A repair made by an unmotivated vendor to satisfy the condition may not be the best repair and may not meet the purchaser’s expectations. This has caused more than one deal to not close.

Peace of mind for the purchaser.
There is no doubt that part of the value of a home inspection is a guided tour of the house for the prospective purchaser. Perhaps the inspection company could return to do a walk-through with the purchaser, if requested.

Reputable inspection companies.
Pre-inspected listings will only have value if the home inspector and/or company is perceived to be reputable, qualified and properly insured. Prospective purchasers might have little or no faith in a report created by someone they perceive to be working for the Vendor or Listing Agent.

Editor’s Note: This article is for discussion purposes only and does not represent any policy or opinion on the part of Electrospec or it’s representatives. It is intended only as “food for thought”, and it is hoped that no one will be offended by the suggestive nature of any parts of the article.

Summary.
Does the future of home inspections lie in pre-inspected listings? Will offers be cleaner and deals less likely to be renegotiated or fall through? Will pre-inspection afford purchasers, vendors and Realtors a new measure of equilateral protection?

Hmmm…

5 Home Inspection Tips For Spring

Ahhhh, the birds are chirping….flowers are starting to bloom…you actually think of putting your parka away (hey, I’m from WI what do you expect?)…but what’s that outside? A missing shingle? A crack in the foundation? Now what are you to do? Here’s some great tips from Dana Wilson of Safeguard Home Inspection, to get your home ready for the warm weather & to help you assess any damage done by Old Man Winter..

1) The effects of ice damming, if you had water penetration and what to look for inside and outside now that the snow has melted. Ice damming is actually the snow compacted against your roof that is melting due to the warmth coming from the house & the cold of the outside air/snow. This melting snow can get underneath the shingles (especially if damaged/missing), the roof paper or into your gutters and then back up. You MUST make sure gutters are sloped properly, clear & clog-free, no missing/broken shingles. If you have ice damming, there will be water marks on ceiling or walls of home, a “waterfall” of ice overflowing from a gutter that is clogged or damp walls even down to the basement!

Dana also stated that you need to be VERY CAREFUL when breaking off the icicles as the weight can pull down a gutter, smash a window (one of Dana’s clients!) or injure yourself!!

2) Spring is a good time to look for water penetration from basement to roof. Water will take the path of lesat resistance and work its way down from the roof to the basement. Dana used the example of an ant farm as an illustration…Check your foundation for water tracks or damp walls. If you have this, you want to make sure your yard is sloped away from the house foundation: 1-3″ sloped AWAY from the home at least 3′. You can use dirt or bark mulch…NO STONE unless you use it OVER dirt that is properly sloped. Proper home ventilation is key here as well-your home needs to breathe! (This will be a topic for an upcoming show). If you have concrete around the foundation of your home, no landscaping, Dana suggested sealing this with caulk to prevent water seepage.

3) Time to start thinking about air conditioning. Make sure the unit is LEVEL-unit should also be on a sturdy platform, such as a concrete/stone platform and not on dirt as this can cause unit to sink. Remove any/all debris that has accumulated around it. Turn unit on & let run for 30 minutes. When running, the unit should sound like any other household electrical appliance-no scraping or “funny” noises, if so, call an expert to check it out. After running for 30 minutes, take a thermometer and check air temp coming out of vent, it should be a nice cool temp (approx 55-60 degrees). Again, if any problems, call for a tune-up. You also need to check the foam insulation around the copper tubing that runs to the outside unit-make sure it’s still intact.

4) Insects that come out in the spring. Bees, carpenter ants, termites & other assorted pests start to “swarm” in spring to find new homes to nest in. They are attracted to damp environments, hence the importance of catching ANY water damage ASAP! If you have an insect problem, deal with immediately & then check for cause (ice damming, leaky roof…)

5) Punch list of things you wish you did before last winter hit so you budget throughout this year and be better prepared for next winter. Check your roof, any tree/branch overhangs, foundation “issues”, grading…all the good stuff to be better prepared for the coming year. Dana also suggested 2 things: ALWAYS get 3 estimates to “keep ’em honest” and for any project (especially the big, expensive ones) consider hiring an inspector to oversee the work to make sure corners aren’t being cut & that work is being done properly. This added cost will help to save you thousands of dollars & time & energy spent dealing with a major problem (i.e. not cleaning out gutters can cause you to have to pull out drywall, insulation & maybe repair your roof for not hiring someone to get up on your roof to clean a gutter and/or fix some shingles…). There are even companies that just do spring & fall maintenance work & take care of this for you. It can well be worth the couple hundred dollars to save your thousands down the road!

No get out there & clean those gutters!

Home Inspection Tips With Free Home Inspection Checklist – Efficient Preparation

When it comes time to sell or appraise your home, you’re going to need a home inspection to make sure that your home is in good condition. When conducting a preliminary inspection of your home, it could really help you to have solid home inspection tips and a free home inspection checklist. Having those tips can show you what to look for and where to look for it, while the checklist will help to ensure that you don’t forget any items or locations. With these tools at hand, you’ll find that you can move through your inspections quickly and efficiently.

Most home inspection tips with free home inspection checklist will break your house up into sections so that you can take the inspection a section at a time, making your inspection more efficient. You can start inspecting by room, from the entry to your home all the way out to the backyard. You certainly don’t want to forget to inspect the outside of your home. Curb appeal is becoming more and more important to potential homebuyers, especially in Boca Raton Woodfield Country Club, making it crucial that you pay attention to the exterior details of your home. You can work your way from front to back, and left to right, depending on the easiest flow of movement through your house.

Within each room, there are a variety of categories you want to check. You want to check the structural elements of the house, any plumbing, the electrical features, and any appliances or system equipment (such as a water heater or HVAC unit). You also want to be sure to check out-of-the-way areas, such as the garage, attic, basement, roof, and the exterior of your home. This is a lot of material to have to cover in each room, so it’s always good to have your home inspection tips with free home inspection checklist handy.

Having an inspection can help you get your house ready to put on the market. You’ll be able to see what you need to fix so that you don’t have to pay an appraiser to come out and provide a list of items to repair and then pay him or her to come out and give you a thumbs-up after you’re done with the work. It’s far more efficient to find these issues on your own. And with some good home inspection tips and a free home inspection checklist, you’ll save a lot of time and money on getting your home in the best possible condition.