INSPECTIONS AND REPAIRS

Property inspections can frequently result in buyer or lender requirements for corrections by the seller. Whether you’re prepared for these or they come as a surprise, I'm here to help you to deal with them, as repair disputes are the most frequent reason for contract failures before closing. Part of my job is to help you to avoid too many “surprises” related to condition and repairs. As an experienced appraiser I know the lender and FHA requirements, and will give you information about what I see that buyers & lenders may want corrected. Remember that an appraiser is an expert in value, so he can not anticipate a home inspectors findings until they have submitted their reports. Lenders typically require an appraisal and home inspector (structural & systems).

Part of my job is to help you to avoid too many “surprises” related to condition and repairs. As an experienced appraiser I know the lender and FHA requirements, and will give you information about what I see that buyers & lenders may want corrected. Remember that an appraiser is an expert in value, so he can not anticipate a home inspectors findings until they have submitted their reports. Lenders typically require an appraisal and home inspector (structural & systems).

I want you to always be thinking ahead to inspections and repair demands. Always be thinking of what may be coming in the way of inspections and repair negotiations, especially when the initial negotiations are in play. No matter how urgent your need to sell, if you go too far in price concessions at the beginning, you may have no room left when inspections are done and condition corrections are requested by the buyer. THIS IS WHY IT IS SO IMPORTANT to get an appraisal and home inspection before you list your property.

The buyer is normally paying for and ordering inspections (appraisal and home inspector), and you want to make sure they happen on time and inspection reports are in by deadline due dates. It this point a buyer objection/requirement can develop into a counter strategy. YOU DON'T WANT THIS TO HAPPEN, getting an appraisal and home inspection prior to listing is very important and saves you time, money & hassles in the long run and keeps the buyer in the transaction.

Depending on the desires of the buyer and their selection of inspectors, there could be as few as a single inspector hired to do a thorough inspection of the home and all equipment supporting the home. However, there may also be other inspectors hired with a more focused goal, possibly a heating and air conditioning contractor, a well inspector, septic inspector, etc. Each of these inspections will have deadlines for completion and submission of reports and buyer requests for corrections.