If you’re currently selling a home, chances are you’re hoping for the inspection to be quick and easy. When it comes to inspections, “quick and easy” usually means “without the need for any major repairs.” However, this often isn’t the case.
It’s especially frustrating when the home inspector uncovers new issues that you weren’t previously aware of—particularly if the buyer now wants them fixed. Encountering this scenario can quickly cut into your profits. When a home inspector discovers issues with the home you’re selling, which ones will need to be addressed right away?
What’s Required After Inspection?
To start, no—you won’t be required to repair each and every flaw a home inspector uncovers, and these flaws won’t necessarily cause your home to become unsellable. Although the home inspection report should give you a clear idea of what could be improved, it isn’t a mandatory to-do list for fixing up the home for sale.
Generally, cosmetic issues with a home won’t be required fixes. If the issue is related to standard wear and tear, many home buyers won’t be too bothered. On that note, there are even home inspection contracts expressly stating that buyers aren’t permitted to request correction of cosmetic issues. Instead, they are only allowed to make requests for changes if significant damage is discovered.
However, if a home inspection leads to the discovery of building code violations, structural defects, or any kind of safety issue, you may need to fix the problem. These are issues sellers take very seriously and will need to be corrected as soon as possible. If major issues are not addressed, the home’s salability could be placed in serious jeopardy. You could even lose your current buyer.
Check With the Experts for Guidance
In many locations, state laws can come into play and determine how liable you are for repairs after damage is uncovered during a home inspection. As such, make sure you are familiar with local and state ordinances that dictate whether or not the seller is responsible for handling home repairs following an inspection.
Looking for more guidance on repairing and selling a home? Need information to begin preparing for an inspection? Get in touch with us today.