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Why should you have a home inspection?

If you are selling a home, youll get the highest price in the shortest time, if your home is in top condition. Almost all sales contracts include the condition

that the contract is contingent upon completion of a satisfactory inspection. This is known as the inspection contingency. Buyers will insist on a

professional home inspection performed by an inspector they will hire. If the buyers inspector finds a problem, it can cause the buyer to get cold feet and

the deal can often fall through. At best, surprise problems uncovered by the buyers inspector will cause delays in closing, and usually you will have to pay

for repairs at the last minute, or take a lower price on your home.

Its better to pay for your own inspection before putting your home on the market. Having a pre-listing inspection done will make the whole sale process

easier. Present any items as is and reflected in the purchase price. Otherwise, you can count on the buyers inspector finding them, at the worst possible

time, causing delays, and costing you more money.

One of the key benefits of having the inspection done early, is that if there are any problems discovered that need to be repaired, you can have the repairs

done on your own terms, on your own schedule. When a problem isnt found until the buyer has an inspection performed, the deal youve worked so hard to

get done may fall apart unless you act quickly to get the repairs done. Or you may have to take a lower price, in order to keep the deal moving. In either

case, youll almost certainly have more headache, and spend more money, than if youd known about the problem and had it repaired before negotiations

began. You could save thousands by simply being able to shop around and get competitive bids from contractors, rather than being forced into paying for a

rush job at the last minute. Another area where you can save money is in having flexibility to choose the materials used in repairs. Sales contracts usually

specify repairs must be made using materials of comparable quality. By identifying needed repairs early, youll have the option to save money by using less

expensive materials for the repairs.

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