You’ve made your home sale ready by making small repairs, listed your home on the market and accepted an offer from an interested buyer. Congratulations, you’re almost done with the home selling process. Now it’s time to cooperate with the buyer for a home inspection of your property. According to the American Society of Home Inspectors (ASHI) and the National Association of Realtors (NAR), a professional home inspector evaluates approximately four out of every five homes sold in the United States before they are sold. Home inspections protect buyers from investing in a home that could turn out to be a costly, money pit.
A standard home inspection includes an interior and exterior evaluation of construction elements, such as walls, ceilings, floors, roof and the foundation. Interior evaluation will examine plumbing including toilets, showers, sinks and faucets used for potable, drain, waste and vent pipes. In addition, water heaters, furnaces, air conditioning, duct work, chimneys, fireplaces and sprinklers are all inspected. Moreover, inspectors assess appliances including the stove, oven, dishwasher, built-in microwaves, garbage disposal, washer and dryer. Lastly, the electrical system is examined including the main panel, circuit breakers, wiring, grounding, exhaust fans, ceiling fans, light fixtures and receptacles. Exterior evaluation examines wall coverings, landscaping, grading, elevation, drainage, driveways, fences, sidewalks, trim, doors, windows, lights and exterior receptacles.
A typical home inspection will take two to three hours to check the structural and mechanical condition of the home. Once complete, the home inspector will give a report to the buyer detailing what was found including problems that need immediate attention, conditions that could lead to more serious issues in the future and evidence of items that need further investigation by a specialist. Foundation issues are one of the worst issues that are reported once home inspections are completed. To assess the full extent of the issue it is best to hire a company, such as Carolina Foundation Solutions to have a technical expert come out to evaluate concerns laid out in the home inspection report, as well as a structural engineer visit the property to offer a remediation plan for the problem.
Now the buyer may negotiate with you and request that necessary repairs be made. If a buyer requests repairs, as a seller you are entitled to a copy of the home inspection report. You do not have to accept the buyer’s request for repairs, but this may cause the buyer to cancel their contract. As an alternative option if you do not wish to make the repairs, you can provide a closing cost credit to the buyer. When foundation problems are present, it is best to get an estimate from a reputable foundation repair company, such as Carolina Foundation Solutions and compromise with the buyer on how to proceed. Before you accept an offer on your home, it is best to be transparent with interested any buyer that foundation issues are present.
At Carolina Foundation Solutions, we understand that your home is your biggest asset and oftentimes your biggest investment. We understand the importance of closings being completed on time and as a result we work with our customers schedule to expedite repairs whenever possible as to not delay real estate closings. Call CFS at 877-770-7050 or visit us here to get help with your closing and get peace of mind that our repairs are backed by warranties that can include the lifetime of the structure.
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