Do I need a Home Inspection to Sell My Perry House?
Are you thinking about selling your Perry Georgia house and wonder if you need to order an inspection? A home inspection is a way to find out what is wrong with your house before you put it on the market. BUT, do you need to spend the money?
Thankfully, there’s a way to save that money. Sell your home as-is or for cash.
Do Sellers Need to Order a Home Inspection?
As a home seller, it is not required to have a home inspection conducted in Georgia. It doesn’t matter whether you listing with a real estate agent or with selling directly to a Georgia cash buyer.
Why?
Because home inspections fall into the option of the buyer or the buyer’s lender loaning the funds to buy your house. Banks almost always require a formal home inspection before it underwrites the loan. If a bank is selling the loan to Freddie Mac or Fannie Mae, there are certain parts of the house that are required by these lenders to be in good order before they will lend on the house you are selling.
In other words, the inspection isn’t a requirement for the seller. You only need an inspection if you want one for your own information before you sell your Perry Georgia House
What Do Inspectors Do for Sellers?
A professional inspector identifies the structural problems with your Perry Georgia home. Their goal is to identify any issues with local building codes and to identify any problems. They also look for substantial damage, like leaky roofs (which causes mold), broken siding, bad electrical outlets and other issues that your house may not have shown you.
The inspector then writes a report to the seller with a grade. You, as the home seller, can do what you like with the report.
Keep in mind that the inspector you enlist for the pre-listing report won’t be the inspector a buyer uses. So, the reports might not match up as there’s no uniform inspection practice.
5 Reasons Sellers Use a Home Inspection Before the Sale
In the past, both agents and experts told homeowners that ordering a home inspection on their own isn’t worthwhile. However, times are changing, and there’s now a range of voices saying that it isn’t such a bad idea.
Why do sellers choose to order an inspection (out of their own pocket)?
Here are five good reasons.
-
Inspections Offer Insurance to Buyers
To start, it attracts buyers who intend to finance the purchase. Ordering an inspection says that you have nothing to hide. Show your buyers the inspection and the receipts that the issues were fixed. It will help buyers trust you over other house sellers
-
Inspections Help You Price Your Home
Do you know how much your home is worth? You have an idea from research, But inspectors will add some value indicators in their report.
Pricing it well helps you sell. You avoid the traps of pricing too high and failing to move it or setting the price too low and missing out on thousands – if not tens of thousands – of dollars.
-
Inspections Highlight a Home’s Recent Upgrades
Do you have a period home with a recently replaced electrical system or roof? Your inspection will show the age of features on you perry Georgia house.
-
Inspections Help You Avoid Lost Deals
As long as there’s a mortgage involved, there will always be an inspection ordered by the bank. As a result, there’s always a chance that your deal will fall through.
However, your own inspection will give you a heads up to what your house buyer will find and give you the option to fix some or all of the problems with your house before they find it. A pre-listing inspection will also cut down on the reasons a buyer will have to withdraw their offer, if you fixed most of the problems.
-
Inspections Put the Ball in Your Court
With a full inspection, your buyer has less room to negotiate both initially and later in the process after the buyer’s inspection. You have a report of your own. This helps avoid the real estate agent giving bad advice or pushing to have repairs done that are not needed.
Who Shouldn’t Get an Inspection?
Inspections are not the best idea if you try to sell a home that you already know requires repairs. The bank will dig it up. You might as well save your money and spend it on the repairs (if you’re selling on the market).
Additionally, if your report turns up something damaging, then you have to disclose that information to your buyer. Actually, you will be obligated to disclose any safety or structural issues on your report that you don’t repair.
Finally, if you want to sell your fixer-upper or inheritance Perry property to a cash buyer, then there’s no need for an inspection. You will spend hundreds on an inspection that won’t mean much to someone willing to buy your property as-is.
Is a Cash Buyer Right for You?
For some people, listing on the market and selling to a buyer with a mortgage is neither an attractive or feasible option. Selling retail on the MLS can be the most expensive way to sell a house.
Selling your perry Georgia house to a cash buyer means you can sell immediately, without repairs or listing fees, and without an inspection. Why? Because there are no banks to force these restrictions.
When you sell a house for cash, it usually happens in four stages.
First, you submit your information. You share details about the age, size, and location of the house.
Then, you get a visitor from a buyer. They walk through the house and use their expert real estate knowledge to assess it. You don’t need to clean it up, re-paint the walls, or provide receipts of repairs. That means if you inherited an old fixer-upper or you are trying to offload a property that a former tenant trashed, there’s no need to sink any more money into it.
From there, you get an as-is offer. You can choose to accept or decline the offer. It’s up to you, and you can always talk to your accountant or attorney, business partner, or family member before making a decision.
If you accept, you work with the buyer and an attorney to close the sale. The buyer takes care of the details. All you need to do is sign the title over and provide an account to receive the cash.
Are you curious about a cash offer? Click here to find out what you can get for your property and how to sell a house fast and without the headache.