Al and Cal Homes and Community: Eliminating Home Inspection Anxiety.

Eliminating Home Inspection Anxiety.

Eliminating Home Inspection Anxiety.

It doesn't matter if you are the Seller, Buyer (OR real estate Agent), the days leading up to the inspection will naturally causes angst for all involved.   

The home inspection contingency is a key component in your MA offer to purchase.  

It gives the buyer the right to inspect the home prior to entering into the purchase and sales agreement (at which point they will be putting a larger sum of cash in earnest money deposit),  and the right to back out of the transaction if the home inspection turns up  major structural or mechanical or unforeseen defects that would effect the buyers decision into moving forward with the purchase.Home inspection anxiety

 

What happens when the home inspection doesn't turn out how you planned?   

  • The Buyer can be released from the transaction.
  • The Buyer and Seller can renegotate the price and/or terms of the agreement.
  • The Seller can fix the problem.
  • The Buyer can elect to do nothing and continue on with the home sale.

Tips for Eliminating Home Inspection Anxiety.

If you are a Buyer. 

Once you have identified the "right" home, take the time to really look around.  Not just at the decor and furnishings.   Ask questions.    Recognize that there is no "perfect" home.    Do not expect a perfect home inspection.   It just won't happen.   Be ready to identify what is really important to you and what is just part of owning a home.

If you are the Seller. 

Have an open mind to the fact that the home inspection may turn up something you didn't anticipate and don't take offense.  Anticipate as much as possible and disclose or fix prior to inspection.   Make sure there is access to areas that need to be looked at.  This will eliminate the "can't see" and therefore unknown.   Unknowns always set up red flags in buyers minds and why do that when there is no issue?   If you have had your work done, have the paperwork readily available to share. 

The "Sellers Description of Property" is a good tool in eliminating some of the unknown that comes with each and every home.    Here is the Sellers chance to let the buyer know what improvements have been made to the home and to disclose anything that they buyer would need to know.   The more the buyer knows up front the less likely they will be surprised and caught off guard with during the inspection.   

 

Looking to Buy, Sell, Rent or Invest?

Put my 25 years of experience to work for you!

al and cal remax executive realty

 

Carol-Ann Palmieri

Al and Cal Realty Group

Remax Executive Realty

www.AlandCal.com

 

Cal@AlandCal.com

 

508-494-9061

 

Comment balloon 7 commentsCarol-Ann Palmieri • September 10 2013 05:30AM

Comments

Hi Carol,

Very well said in this post. The home I had posted about today,...The buyer told me with excitement that if the inspection was really bad then his agent told him he could walk away and get his deposit back. I told him that actually is the normal operating procedures for the state.

He was relieved to hear that.

Have super day in Franklin, Ma.

Best, Clint McKie

Posted by Clint Mckie, Desert Sun Home, Comm. Inspection 1-575-706-5586 (Desert Sun Home, commercial Inspections) over 5 years ago

Carol Ann: The inspection is one of the big rock hurdles but it does not have to be an anxious time...good advice for both buyers/sellers.  Agents need to stay calm too. ;-)

Posted by Anita Clark, Realtor - Homes for Sale in Warner Robins GA (ColdwellBanker SSK Realtors ~ 478.960.8055) over 5 years ago

Carol Ann, I have had several properties almost not close due to inspection issues in the past in NJ.  Now I tell folks it is more like an introduction to your property!  SUGGESTED :-)

Posted by Christine OShea (Christine E O'Shea Real Estate Broker) over 5 years ago

The home inspection can indeed be a nail biter for all involved, but the more we educate our clients, the better off everything will go :)!

Suggested and Hope you are doing fabulous Carol Ann!!

Posted by Brenda Mullen, Your San Antonio TX Real Estate Agent!! (RE/MAX Access) over 5 years ago

Hi Cal, 

Excellent points for buyer and seller regarding the hated home inspection. I will suggest as Brenda already did. 

Posted by Robert Bob Gilbert, Your Katy TX ( West of Houston) Real Estate Expert (Berkshire Hathaway HomeServices Anderson Properties) over 5 years ago

Carol Ann the home inspection can turn into an extension of the negotiating process and that is not the purpose. The agents need to explain in detail the purpose and impacts on the purpose of the home inspection and help to keep cool heads.

Posted by Ed Silva, Central CT Real Estate Broker Serving all equally (RE/MAX Professionals, CT 203-206-0754 ) over 5 years ago

Hi Clint.   Thank you.  I read your post.   Excellent!

 

Hi Anita.   Agents do need to stay calm.   :)

 

Hi Christine.  I will be using that!  

 

Hi Brenda.  All is well.  Thanks!

 

Hi Bob.   Thank you!

 

Hi Ed.    Agreed.   Too many people think this is the time to negotiate over the small stuff.

 

Thanks all for reading and commenting!   Appreciate it.

Posted by Carol-Ann Palmieri, "Cal" the Real Estate Gal (RE/MAX Executive Realty, Al and Cal Realty Group) over 5 years ago

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