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ABSOLUTE HOME INSPECTION LLC.

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So, you’re selling your New Jersey home - Should You Have a Home Inspection?

If you are putting your home up for sale, should you consider having your own home inspected? Should this be part of your "pre-sale home improvement" process?

Given today's mortgage market and the amount of homes for sale in New Jersey the answer is "Yes."

Contingencies in Purchase Contract

Once a buyer makes an offer and it's presented in writing and you accept it, you have a contract. One of the most common conditions of that contract is, "this offer is contingent upon a satisfactory home inspection." The potential buyer is going to have a professional home inspector go through your house from top to bottom inside and out to make sure there are not any hidden problems.

The last thing you want is to have your deal fall through because of a problem uncovered by the buyer’s home inspector. This is especially true if it is a minor problem and could easily have been repaired ahead of time -- if only you had known about it.

Many real estate transactions fall apart because of home inspection surprises.

Preparing for Sale

When preparing your house for sale hopefully you are going to do a lot of things to make it more appealing to potential buyers. You are going to clean up the yard, maybe apply a fresh coat of paint where needed, get rid of all clutter in, under and around the house, have the kitchen and all bathrooms at their sparkling best, get the rugs cleaned, clean all windows, etc.

Why not spend a few dollars and have a home inspection performed? Find out the hidden problems with your home and correct them in advance. If you don’t and the buyer’s inspector finds them (and a good one will) it can create unnecessary problems with the sale.

Potential Problems

The buyer may ask you to fix the problems found by their inspector – or no deal. If you do not want to fix the problems, they may ask for a reduction in the sale price or a cash credit at closing – or no deal. In some cases, the buyer may even cancel the purchase of your home entirely, not even giving you a chance to make any corrections.

If the buyer cancels the purchase, where does that leave you? It leaves you with a house that you will have to put back on the market. Future potential buyers and their agent will may wonder, "What happened with that first deal?"

An Item of Caution: Disclosure

If you hire your own home inspector and he finds problems and you elect not to repair them, be sure to tell your agent. If you are selling the property yourself all defects that you are aware of should be disclosed to all potential buyers. In some states this is mandatory. Home sellers and agents who have known of problems in the home but did not disclose them have successfully been taken to court for monetary damages.

Think of yourself. Isn’t it easier to identify and handle problems in advance rather than finding out about them later? If there is a problem that you decide not to repair, disclose it up front and indicate that the estimated buyer’s cost to fix it has been reflected in the sale price of your home.

Give me a call. Let ABSOLUTE HOME INSPECTIONS OF NJ provide you with the information you need so the sale of your New Jersey home goes smoothly.

609-265-0464