Laws regarding Inspections Before Selling A House
Chances are, you are reading this because you are in the process of buying or selling a house and confused about laws regarding an inspection. The good news is, there is no law making an inspection before a sale or purchase necessary.
Getting an inspection done, however, can place you in a better position as a seller.
As acquainted as you may feel about a home you are planning to sell, inspectors will pull out problems you never knew you had. Underlying problems usually take more time to surface, but it does not mean they are not there. A leaking underground pipe for instance may not be visible because it is out of sight, but the dripping water starts the destruction without you having an inkling of it. By the time signs that catch your attention surface, a lot of damage has already been done, resulting in expensive repairs, not to mention a loss of time and energy.
Benefits Of A Home Inspection To A Seller
A home inspector will give you a heads up about issues with your home before you put it up for sale. This gives you time to have repairs done and saves you from anguish later. There is nothing worse than a house sale reaching its climax coming to a halt. Maryland Licensed home inspectors are experts in finding issues that may kill a sale. It is advisable to have your home’s condition inspected by a licensed home inspector. Many homeowners take a leap and list their homes without an inspection, at times a sale may go fine but that’s not always the case. Homeowners are usually seen stuck with a list of things to be repaired before they can list their house again. Real estate agents mark a property as “stale” if it has been on the market for too long. If an offer finally does come through, it is way less than what you originally anticipated.
Selling a home is quite a stressful experience in itself, adding to the problem by complicating things further won’t help. Knowledge is power, especially when it comes to sales. Getting rid of issues before a buyer inspection is the wisest move you will make to ensure a smooth transaction.
Benefits Of A Home Inspection To A Buyer
A home inspection puts you, as a buyer in a win-win position at all times. A home inspection is invaluable to you if you intend on buying a house, it secures your investments and future. Risks are present with every home purchase, but determining the amount of money you will lose on repairs gives you the power to stay or walk away. A home inspection is not about the home, it is about protecting yourself and your investments.
Many times during a home visit, you are bowled over with the aesthetic appeal of a house, but just like a shiny car shell is nothing without its engine, so is a home without all its components and fixtures functioning properly. Home inspection through licensed home inspectors will let you reap its benefits long down the road.
Should I Get An Inspection Done Before Or After I Make The Offer?
Realtors and brokers are often asked this question. The home buying process varies with each home and the parties involved.
Though there is no hard and fast rule for it, most inspections take place after an offer is made. There is some logic behind this as well. As a buyer, you will only want to spend on an inspection after your offer has been accepted. That is one of the main reasons inspections take place after an offer has been made. Another benefit of an inspection with a written contingency is that you may back out of a deal if the inspection reveals defects in the house, or you may want to negotiate the price further and have repairs done later.
Most homeowners will not allow an inspection until a reasonable offer has been accepted. This makes sense since inspections are invasive and owners may leave a house for the inspector to carry out his inspection. If inspections are allowed before an offer, then the buyer may just leave and everyone’s time gets wasted.
A poor inspection is equal to not having an inspection done, so do your research before choosing an inspection company around you. Professional Home Inspection companies will be certified and will have 5-star reviews on their customer feedback page. Consistent positive reviews reflect a company’s credibility and history with its customers.
Although Home inspections are not mandatory, it is highly advised to have them done. Top To Bottom Services are licensed home inspectors in Maryland, offering their services since 2004. They provide quality services and put your mind at
ease before you buy or sell a property. They offer both residential and commercial basic and advanced inspections. Schedule an inspection with them here.