While it is not fool-proof and errors can occur, I think there is little question that having a home inspection is very important for most buyers. I say most, only because if a buyer has expertise as a builder and thorough knowledge of the various systems of a home, he might have enough knowledge to determine whether the property he is buying will have more problems than he wants to take on.

The average buyer wants to determine that systems are in good working order, that the roof is free of leaks, and the age of the roof and its life expectancy as well as heating and cooling system is very helpful in knowing how to plan for future expenditures.

The interesting thing about home inspections and buyers and sellers is the vast differences in expectations. Some buyers expect the home, whether it is five years old or 50 years old to be almost like buying a new home. One item that is a fairly frequent notation on Home Inspection Reports is the presence of fogged windows indicating a broken seal. Some buyers will tolerate this knowing that the home they are buying is neither new nor perfect, and that the price they are paying is less than the cost of new and perfect. For others this is a sticking point. The cost of these repairs have to be weighed by the seller along with the agreed upon selling price. Negotiation for price is only a part of the sales process.

What I typically tell my sellers is that unfortunately, the inspection process and ensuing negotiations can be one of the more stressful parts of the process. For the person without an agent who is selling their home, the emotions they may feel can cost them the sale.

Hopefully the buyer and seller’s agents will be able to assist in negotiation a satisfactory arrangement that feels fair to both parties.

Posted by:  Frances Garner

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