How a Home Inspection Outcome Can Affect a Sale

An important stage of buying or selling a home is the inspection process. A professional with a home inspection license examines the structure and reports on any potential issues. This process not only enables the buyer to know what they are getting into, but it also protects the seller from any future liability.

No Issues

The best possible outcome of a home inspection is no issues. No surprise that this is wonderful news because the home is in the best possible shape. Usually, when a potential buyer elects to commence the home inspection process, they already possess confirmed interest in moving forward with a purchase. The sale moves from being a possibility to a highly likely outcome.

Minor Issues

While a long list of minor repairs might turn off a potential buyer, it is not a deal-breaker. Minor issues could include a leaky faucet or a failing window seal. It is standard for a potential buyer to request that the seller repair these issues prior to proceeding with a contract and it is then up to the seller. There are instances where it is in the best interest of the seller to accommodate these requests and have the minor repairs taken care of so that the sale can proceed.

Major Issues

A seller should always disclose any known issues. That said, it is possible problems exist that they are not aware of. Major issues that might negatively impact a sale include:

  • Wiring Not up to Code
  • Mold and/or Asbestos
  • Foundation Problems
  • Termites & Pests
  • Full Roof Replacement

When these arise, do not stress. As with minor issues, the seller has the option of requesting repairs or walking away. Problems that a seller was not aware of can be addressed and that will help with the sale moving forward. Get more information about the home inspection process at KeyRealtySchool.com.

Related Posts

How a Home Inspection Outcome Can Affect a Sale

An important stage of buying or selling a home is the inspection process. A professional with a home inspection license examines the structure and reports on any potential issues. This process not only enables the buyer to know what they are getting into, but it also protects the seller from any future liability. No Issues […]

3 Steps to Attaining Your Home Inspection License in Nevada

Are you interested in becoming a home or property inspector in Nevada? Unfortunately, it’s not as simple as just knowing about houses. Before you start planning your home inspection career, make sure to review these 3 steps to meet the Nevada requirements for attaining your license: Step 1: Complete educational requirements You must complete 40 […]

What Is Involved in a Nevada Home Inspection?

Buying a home is a process that includes a variety of complex steps, not the least of which is ensuring the home is devoid of any major flaws. This is where home inspections come in. These are designed to ensure a house is livable and does not contain deficiencies that would make it unsafe to […]

Need help preparing for your PSI exam?

We’re here to help you pass your PSI exams in Nevada with flying colors.
Get in touch with us to discuss your options with an enrollment advisor.