When it comes to selling a home, there are several steps in the process that have to be done in order to ensure that everything goes by as quickly and smoothly as possible. One of the most important steps that a home seller has to face, is addressing the buyers’ home inspection report. If the report comes back with poor results, here are the best ways that you can handle a bad home inspection report.
The first thing to make sure to do is to remain calm. Usually, when the home inspection report fails, it comes back with a lot of negative items and a lot of things that need to be fixed in order to sell the house. It is important to sit down with the buyer to make sure that both parties are on the same page when it comes to the renovations that the home needs to have done before selling. Most of the time, the main issues are related to roofing issues. This can include leaks, missing shingles or in some cases, a full replacement.
In some cases, there are electrical problems, such as wiring or not up to code issues. In other cases, there can be plumbing issues such as leaking pipes, non-working water heaters and this can be a big problem. Other times, there can be termite damage, mold issues, windows or doors that are leaking, chimney damage and the presence of asbestos. All of the above issues will immediately be the number one reason of a failed home inspection, and it is definitely mandatory to fix them all on time before selling the house.
There are some fixes that are mandatory to address before selling a house. If there is enough time, it is highly recommended to use a licensed contractor that will be able to give you an estimate on how much it will cost to get these repairs done on time. It is also recommended that you seek professional help so that the repairs can be fixed the proper way.
In some cases, the homeowners have the option of fixing the repairs, if they are not already mandated to fix them, or they can sell the home as is. If they decide to sell the home as is, the homeowners will have to make the necessary changes to the price. They are expected to lower the selling price for their home so that the new homeowners can be able to fix the necessary home repairs. This is usually the best option for homeowners who are in a hurry to move quickly or in a hurry to sell the house for financial reasons.
The process of selling a home can definitely be stressful, and it can take up a lot of your time. It is important to know about the proper ways on how to deal with a bad home inspection report to keep the process running smoothly and efficiently for both parties.
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