Why Home Inspections and Appraisals Shouldn't be Left to Home Buyers
By Dina Garcia
Home Inspections and appraisals are generally left to the buyer. Wow what a mistake. The seller usually pays for them at closing anyway so why not control the quality and price?
When a seller purchases a home inspection and appraisal there are great advantages:
1. Control the cost
The cost of home inspections can range between $100 and $600 for the same house. Appraisals can range from $200- $1000 for the same house. If the seller purchases it, they can decide how much to pay. A word of caution: the cheapest is not always the best. Find a reputable independent inspector, not one recommended by your realtor. Do the same for the appraiser.
2. Avoid surprises
Home inspections are confidential and only released to the client of the inspector. A seller can use the report to do the necessary repairs in advance. As a result, there will be fewer surprises and you will be able to control the cost of repairs by getting quotes from several contractors or doing the work yourself if you know how.
3. Quicker closing
A much quicker closing can result from the seller providing an inspection and appraisal. Closings can take anywhere from 4 weeks to many months. If the seller has purchased a home inspection and completes the necessary repairs (and purchases an appraisal and prices the home accordingly), they could close in as quickly as 2 weeks and avoid much of the negotiations and last minute demands.
About the Author
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| Dina Garcia, Your Texas Home Inspections
611 Bolivar
Sanger, TX 76266
469-855-8351
Contact Author: request info
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