This is part one of a three-part series on the home inspection phase of a home sale. In this article, we cover what is typically inspected and how to react to the findings.
You are getting ready to sell your Glendale CA home. You love this home and you’ve taken care of it through the years – but it isn’t a new house.
You are worried about what you will have to do before the home sale is done.
Three Most Common Inspections
There are three common inspections that most home buyers will do – a general home inspection, a chimney scope, and a sewer scope. These inspections often uncover conditions unknown to the homeowner.
The prepared home seller will have these inspections done prior to going on the market – they have the most negotiation power BEFORE a deal is signed. We’ll talk about that more in part three, “The Pre-Sale Home Inspection”.
What Will I Have To Fix?
It is normal for the buyer to ask the seller to fix these conditions or use them to renegotiate the deal.
It is also normal for the seller to feel that the request is unfair – they feel the fixes are unnecessary or an upgrade to the home as presented.
But you want to get the home sold so you’ll consider a compromise… but what fixes are “worth it”?
Buyers Want The Following Fixed
The most common issues for Glendale CA homes fall into these main categories:
- Termite and wood damage
- Drainage and water issues
- Mechanical or structural failure
- Mechanical or structural systems at or beyond their expected lifespan
- Asbestos material in poor condition
The calculus on what you should do is situational. Will you net more money by compensating the buyer for their requested fixes or will you do better with another buyer?
Ask Yourself These Questions
In order to determine the right path it is worthwhile to ask the following questions:
- Will you net more money from the next buyer?
- Are the requested repairs something most buyers would request?
- How long will it take to get the next buyer?
- What will the extra time “cost” in terms of stress, inconvenience or actual money or opportunity lost?
In many cases, the practical business solution (pay for the requested fixes or negotiate a credit that is equal to or a portion of expected cost of fixes) is at odds with what the seller would do if they stayed.
But it is worth it in order to get on with their lives.