House Inspections: Here's What Sellers Need to Know

by Katy Williams 10/28/2018

After you accept an offer to purchase your house, a buyer and his or her real estate agent likely will want to conduct a property inspection. Although the mere thought of a home inspection may cause a property seller to stress, it is important to understand the importance of an inspection for both sellers and buyers.

Now, let's take a look at three things that every seller needs to know about home inspections.

1. A home inspection offers valuable insights for both a seller and buyer.

During a home inspection, a buyer, his or her real estate agent and a house inspector will examine a residence both inside and out. The inspection allows a buyer to take a close look at a residence and identify any underlying issues with a house before finalizing a home purchase.

Meanwhile, a seller may learn about assorted home problems following an inspection as well. And if a home has various problems, a seller may need to correct these issues to fulfill a buyer's requests.

2. A home inspection won't necessarily slow down or stop a house sale.

Typically, a home inspection is performed after a seller accepts a buyer's offer to purchase. At this point, a buyer wants to ensure a home matches or exceeds his or her expectations. With an inspection, a buyer can learn about all aspects of a residence and proceed accordingly.

If problems are discovered during a home inspection, there is no need for a seller to worry. Oftentimes, a buyer will request a seller fix any problems with a home, or he or she may ask for a price reduction. As a seller, you may be able to negotiate with a buyer to find common ground relative to the costs of myriad home repairs too.

3. A home inspection generally does not take long to complete.

In many instances, a home inspection takes just hours to complete, and a buyer will receive a house inspection report within a few days of the evaluation. After a buyer reviews the home inspection report results, he or she can choose to move forward with a home purchase. Or, a buyer can rescind his or her offer to purchase or request home repairs or a reduced purchase price.

A seller will find out how a buyer wants to proceed within days of a home inspection. If a buyer and seller can come to terms after an inspection, both parties can proceed with a home transaction. On the other hand, if a buyer and seller cannot reach an agreement following an inspection, both parties can reenter the housing market.

Lastly, when it comes to selling a home, it often helps to hire an expert real estate agent. This housing market professional can teach a seller about home inspections, as well as what to expect at each stage of the property selling journey. That way, a seller can prepare for any potential home selling hurdles and take the necessary steps to overcome such problems before they get out of hand.

About the Author
Author

Katy Williams

As a respected and accomplished Realtor, Katy offers her clients an outstanding level of service. With three generations of her family living in Fairfield County, Katy has an exceptional knowledge of the surrounding communities and her years of experience allow her to excel at every level of the transaction. Prior to earning her Real Estate license, Katy graduated from Wilton High School, earned a Bachelor of Science from the University of Rhode Island and a Master of Science from the Bank Street School of Education. Katy received her Real Estate license in 2009 and chose to work in a local agency that values and supports the communities she loves. Known by colleagues and clients alike for her honesty, clarity, perseverance and fairness, Katy has a reputation for her timely responsiveness to her clients’ needs and concerns. In addition to her real estate business, Katy is deeply committed to volunteerism. She is involved on the board of the Wilton Historical Society and with the biannual Minks to Sinks Fundraiser for the Family and Children's Agency. She enjoys playing tennis and golf, cooking, reading and spending time with her family. For the past 22 years, Katy and her husband have been raising their four children in Wilton. Katy loves sharing her passion for the community with her clients and helping them find their perfect home. Member: National Association of Realtors Connecticut Association of Realtors Consolidated Multiple Listing Service Mid Fairfield County Association of Realtors Leading Real Estate Companies of the World Wilton Chamber of Commerce Kiwanis Club