So you have decided to sell your own house?
this is because you feel you can do a better job than the Realtors in your
area, or you don’t want to pay the 5% (or more in some cases) for the process,
you have taken on a big task.
On top of
the cleaning of the property, de-cluttering and staging, you are having to show
people around and listen to their opinions in a disspassionate state.
for the job? Great, I’m proud of you. Having bought and sold 10 of
my own properties over the past 14 years, some on my own, and some with the
help of a Realtor I know what you are going through.
here’s a couple of things you might not be aware of as a FSBO (For Sale By
- The liability for everything
you fail to disclose in your property absolutely falls on you.
The longer you have owned the home, the more likely it is, if something is
wrong with it you are going to get blamed for the issues.
- 84% of all house transfers
involve a home inspection.
The buyer’s home inspection is generally a condition of closing. The Buyer pays for the home inspection,
and you are not, as the seller, privy to any of it’s findings. This means that the buyer can tell you,
even if it’s not true, that there are material defects with your property
which they want you to lower the price because of.
sellers home inspection gives you the confidence that you have priced your home
accordingly and that you can disclose all the known facts about your property
to an incoming purchaser at the time the negotiations start.
satisfactory home inspection report available as part of your open-houses or
home visits shows that you have taken the time and effort to prove that your
house is worth what you are asking for it.
once in a while a home inspection may turn-up evidence of a problem that you
were unaware of, even if you’ve owned the home from new. Having knowledge of that problem before
putting your house on the market gives you the opportunity to either fix the
problem or adjust your asking price accordingly.
seller you have the added advantage of being able to discuss with the
home-inspector any items as he is identifying them. Your home inspector can advise you in many
cases of whether the issues should be fixed before you sell or whether they do
not considered them to be material defects that would affect the value of your property.
Remember, if you sell a property with a
life-safety issue and don’t declare it prior to closing, you are liable if that
issue creates a problem later on.
such as this, we at Future Proof Property Inspections will work with you to
re-inspect the items that you choose to fix at a much reduced rate, and still
provide a full inspection report. (We
can’t change the original one, but we will issue a completely new one at the
time of re-inspection)
House deals that go to an 11th hour price negotiation because of an
unsatisfactory home inspection are more likely to fail than because of any
other 11th hour issue.
you are ready for any such event and stop it from happening. Get your home pre-sale inspected and you will
at least have evidence in your hands to combat any buyer’s inspection. Sometimes a pre-sale inspection, if recent,
may even stop the buyer from asking for one of their own and speeding up the
pre-sale inspection with us as soon as possible and have that extra bit of
evidence to help you sell.