Home Inspection - Reasons Why It Is So Important To The Home Owner By Amanda Beaty At Isnare.com Ezine Articles

If you are the agent of the "For Sale By Owner" home, you must be aware that home inspections are a requirement of most contracts. Your typical sales contract will offer the buyer a chance to receive several inspections that can be conducted on both the home and the property. If, for some reason, the home inspection results in some unpredicted information, you could possibly lose the sale. Every seller should avoid this bad situation.

The following is a list of inspections you will need:

General Inspection: This home inspection is essential to proving all major appliances, heating, plumbing, air-conditioning, and electrical systems are in good functioning condition. The seller is required to then keep all of it in functioning condition until the sale is closed. Any needed repairs will also be the responsibility of the "For Sale by Owner" seller.

Roof Inspection: There's a chance that the "For Sale by Owner" seller could be liable to make repairs for any damage to the roof, including leaks, for up to three percent of the sale's price. This liability is particularly applicable in areas with heavy snow.

Termites and other Wood Destroying Organisms: Depending on which state you are in the liable party will differ in this situation. It is required by some states that the seller pay for up to three percent of the purchase price for the repairs. The buyer, however, will be responsible for the inspection expenses.

Other states give the responsibility to the "For Sale By Owner" seller to provide a certificate guaranteeing that the home is clean and termite free to the buyer. This letter or certificate must be obtained through a licensed pest control company. Generally speaking, these inspections will cost you less than one hundred dollars.

One has a limited amount of time to have these home inspections concluded for most sales contracts. In the event that time should run out, the buyer would lose the right to have any of these inspections. If the inspections are concluded within the given amount of time, the seller will be sent the results.

If you are the "For Sale By Owner" seller, you should try to avoid any unpredicted surprises that can sometimes surface with these home inspections. You can always choose to hire an inspector that will receive a written report on the condition of your home. It is likely that you will save money on the repairs that an inspector that you hire points out as opposed to an inspector the buyer would hire. There is a great service available called the Home Inspector Locator, which is a service that specializes in helping people find an inspector in their area. Should you choose to hire your own inspector, you will probably spend about two hundred dollars. Fortunately, you will most likely save a lot more money after all is said and done.

You can always make the choice to avoid the home inspection by selling the home "as is", but more often than not, you will have to sell your house for less. As the agent of the "For Sale By Owner" home, it is vital that you ensure the stipulation of the sale of the house "as is", is written in the sales contract.

Published At: Isnare Free Articles Directory http://www.isnare.com
Permanent Link: http://www.isnare.com/?aid=220536&ca=Real+Estate

Important Notice DISCLAIMER: All information, content, and data in this article are sole opinions and/or findings of the individual user or organization that registered and submitted this article at Isnare.com without any fee. The article is strictly for educational or entertainment purposes only and should not be used in any way, implemented or applied without consultation from a professional. We at Isnare.com do not, in anyway, contribute or include our own findings, facts and opinions in any articles presented in this site. Publishing this article does not constitute Isnare.com's support or sponsorship for this article. Isnare.com is an article publishing service. Please read our Terms of Service for more information.