You’ve worked this rehab property into a beautiful home and have found a buyer at a price you both like. But the sale contract negotiation is not the final make-or-break point for closing this deal. If you’ve already been working closely with a general contractor on a great rehab, what’s left to worry about with the home inspection?
Learn more about what to expect from the local home inspectors.Which inspectors have past experience in the contracting and/or home repair business?Inspectors will usually supply a blank inspection report on request. And it doesn’t hurt to ask how long they typically spend on each inspection – three hours is reasonable for a single-family residence.
And, ask realtors. Especially in areas where home inspectors are not required to be licensed, realtors frequently have strong opinions about individual local inspectors!
Once your property is on the inspection schedule, you can make sure the inspector is aware of any special considerations, such as an historic home, or a new roof, etc. Beyond that you have no influence on the home inspection other than answering the questions of the homebuyer or the realtor afterwards.
When the prospective buyer raises concerns as a result of the home inspection report, do what you know is best for the property and for the price. If this homebuyer is over-reacting to the home inspection report, another buyer will come along who is more reasonable (and may use a different inspector) and you should come out the winner
What is the reputation of the local home inspectors among realtors? Have you asked around the realtor community?
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