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Articles by Real Estate Professionals
Home Inspections Before Selling
In addition to their Articles dealing generally with the nature of their
services, the real estate professionals will discuss different specific "Topics"
of interest to buyers and sellers from time to time. These articles are indexed in
the Articles Library for your review.
The content of these articles and topics is not edited by FSBO Advertising
Service, Inc. and reflects solely the thoughts and opinions of the authors.
Author, Edward Robinson is vice president of Professional
Engineering Inspections, Inc. He holds a degree in mechanical engineering from the
University of Houston and is a TREC licensed real estate inspector in the Houston area.
You may contact Professional Engineering Inspections's at (713) 664-1264.
Pre Marketing Inspections:
The summer is just around the corner, which is normally accompanied by a
plethora of people buying and selling homes who will no doubt have them inspected as a
part of the transaction. Many times these inspections result in information which is
unexpected or significant and must be dealt with before closing on a home can occur. With
the short-term contracts and busy atmosphere of the summer marketing season, a red flag as
a result of an inspection which requires repair of a significant item or further
investigation to determine the scope of a potential problem can cause a seller to loose a
sale and a potential purchaser to possibly loose a good deal.
One possible and realistic alternative to help reduce the potential for such a
problem is for sellers to have their homes inspected prior to placing them on the market.
In this way, a seller can determine what items might be included in a typical cursory home
inspection, and this allows the seller to determine if any significant defects exist which
might affect the salability of the house. Many times inspectors find problems such as
evidence of structural damage or water penetration which cannot be properly evaluated
during a cursory inspection. If known by a seller prior to listing the home for sale, any
such concerns can be further investigated for proper repair or at least disclosed to a
potential purchaser to reduce the potential for a delay during the sale process. This
information also provides great insight during considerations regarding the market value
of a home.
Pre marketing inspections can also be a plus for a potential purchaser of a
home. As a purchaser of a home, it is always wise to request copies of old reports on a
home being considered for purchase. If pre sale inspections are available and are
sufficiently recent, they can provide good information as to the condition and performance
of the buildings foundation, roof, structure, and mechanical equipment. Having this
information available before the start of negotiations help the potential purchaser to
properly assess whether the condition of the home is acceptable and what sort of offer is
reasonable. This saves time and aggravation which might be caused by surprises during the
purchasers inspections.
I recommend that pre marketing inspections not take the place of the purchasers
having their own inspection performed. Consider just a few reasons:
- The seller has a very different scope and purpose than a prospective purchaser.
- The seller is trying to improve the condition of the house to make it most
attractive for sale.
- It is also a good idea to have areas of concern reviewed by a purchasers
inspector even if repairs are made to determine the quality and adequacy of repairs.
- No relationship exists between the purchaser and the inspector who performed the
pre marketing inspection who could not be aware of the needs of all prospective
purchasers.
- The prospective purchaser should select an inspector who meets their needs with
respect to the inspectors qualifications and experience.
- How current is the information provided by a seller? Foundation performance
information and information regarding some mechanical equipment may change drastically in
a short period of time.
A pre marketing inspection can be of value to both the buyer and seller of a
property if represented and used properly. The information provides a significant
deterrent to problems which could derail a contract due to unknown and unforeseen
problems; however, even though this information can be useful to a purchaser, it should
never be considered a substitute for a pre purchase inspection provided by a licensed home
inspector or engineer.
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