The Inspectors Are Coming

Kathy Riggs July 19th, 2009

We have come to the point in the seller’s journey when the buyer has made an offer and is making arrangements to have inspections.
As I said when we took the journey with the buyer, the inspection process is one of the most stressful aspects of the transaction.
The sellers need to remember that inspections are a buyer’s responsibility – in other words the buyer hires the inspector and pays for the service.
However, for the seller the idea of a strange person coming into your home and looking at every nook and crany, can be nerve racking. Just think, the seller may have lived in the house for 20 plus years and thinks everything is up to snuff and in comes someone to pick the house apart. Buyers may hire a “home inspector” that determines if some problems merit further evaluation or the buyer can hire licensed electricians, plumbers, contractors etc. to evaluate the specific components of the house.
Once the buyer has the inspection reports, he can request the seller address any items of concern. This opens the door to another negotiation process. Parties on both sides must realize that cooperation in resolving any issues is a big step to the closing table. The seller must keep in mind the buyer expects things in the house to be in acceptable working order and the buyer should not expect the seller to rebuild the house.
Once buyer and seller have agreed on the items to be corrected the seller and his agent make arrangements to have repairs completed. The buyer has the right to have a re-inspection…the re-inspection is also a safeguard for the seller. Who wants to pay for repairs that were not done correctly?
On the Lighter Side…
“I have to have a raise in my commission,” the agent said to his manager. “There are three other companies after me.”
“Is that so?” asked the manager. “What other companies are after you?”
“The electric company, the telephone company, and the gas company.
SHAMELESS PLUG
Looking for some rental properties? Call me at 252-939-2432 or email me at kriggs@kathyriggs.com
and let me show you some listings ready for tenants.

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