I’ve recently been involved in a transaction that illustrates why sellers should pre-inspect their homes before listing them.
I represented the buyer in the transaction.
The property was one of only a few suitable listings I found prior to my buyers’ visit.
My buyers’ offer was accepted, I opened escrow, and ordered the home inspection.
The home inspection revealed so much water in the crawlspace that the inspector said “it felt like I was on a waterbed when I crawled over the vapor barrier”.
The inspection also revealed a filthy furnace, marginal remaining roof life, faulty gas fireplace, and other issues.
My buyer opted to terminate the contract after reviewing two inspection reports; one of which included a bid for $4,600 to fix the crawlspace moisture problem.
The bottom line?
My buyers drove 2,400 miles round-trip and returned home without having bought a home.
Their trip was a total waste of time and they will need to return again when I find more homes to show them.
The sellers, who had already closed on another home, now get to unexpectedly spend thousands of dollars to fix problems while they continue to make double payments.
All of this could easily have been avoided with a pre-inspection and upfront repairs.
If you’re a seller, have your home pre-inspected before you list it!
During his 45 years of full-time real estate experience, Phil has helped thousands of past clients buy and sell quality properties in the Western U.S.
Phil is one of only ten local Realtors® (of nearly 5,500) honored with the coveted “Realtor® Emeritus” award from the National Association of Realtors®, recognizing 40 years in real estate.