So you’ve listed your home, found a buyer, and accepted a purchase price. The sale of your house is almost a done deal, but it’s not quite time to pack the moving boxes yet – you still have to make it through the home inspection.
In a typical real estate transaction, the home inspection occurs after the buyer has signed a purchase agreement and before the final closing date. Most home buyers choose to make the closing contingent on the results of the home inspection, meaning that they can back out of the sale if the inspector finds something that is not to their liking and the seller is unwilling to repair it or lower the purchase price to account for it. As a seller, you’re going to want the home inspection to go as smoothly as possible, with little to no major issues detected.
But first: What does a home inspector do? During the inspection, properties are examined top to bottom, with emphasis placed on evaluating the roof, walls, foundation, plumbing system, electrical system, and HVAC system. Inspectors will also check for the operational ability of installed systems, such as garbage disposals and carbon monoxide detectors, as well as for leaks, mold, mildew, and other signs of water damage.
As a seller, it’s common to get nervous during the home inspection process. You don’t want the deal to fall through, nor do you want to be stuck with the cost and burden of repairs if your buyer requests them as a contingency. Fortunately, there are some things you can do to prepare for the inspection.