Here are a few reasons why homeowners might be afraid of getting an inspection.
They Don’t Want to Know About Issues
First, some homeowners don’t like to get their homes inspected before selling them because they don’t want to know about the issues present in their homes. This same principle works for home buyers as well. Sometimes, they might be in a rush to buy the house and don’t want to know about the possible issues that are happening in the house.
Inspections can uncover and reveal issues that aren’t super obvious to the homeowner. For example, they might discover cracks in the foundation, leaky pipes, or windows that aren’t well-insulated. Some issues might not be necessary to repair urgently, but others could affect the structural integrity and safety of the home and will need to be addressed quickly.
They Can Mean Expensive Repairs
Many homeowners also might be afraid to inspect their homes because uncovering issues can mean they have expensive repairs to take care of and pay for. Finding issues during a home inspection can interrupt your home sale. For example, with a home inspection, you might discover that you have to do a roof repair or fix extensive water damage. Home repairs can take anywhere from a few weeks to several months to be resolved.
Additionally, they can end up being quite expensive. If you have a set budget for your home sale you might find that home repairs will make you go over budget by thousands of dollars. If you don’t have the money to pay for home repairs, you might want to consider selling to a cash buyer instead. Most cash buyers will purchase homes in any condition without repairs.
Inspections Can Affect Their Asking Price
Finally, homeowners might be afraid of having an inspection performed on their houses because it can end up affecting their asking price for their homes. When you have your home inspected and appraised, all of the issues that are uncovered can diminish the sale value of your home, which may mean that you have to decrease your asking price. This can be frustrating if you have a strict budget and are trying to sell your home for a certain amount of money to be able to afford the closing costs and down payment on your future home. However, some home buyers might be suspicious if you’re trying to sell your home for a price that is seemingly too high and won’t want to put in an offer. So although inspections may affect your asking price, they can also help your buyer to know that you’re being transparent and trustworthy in your deal.
So, if you’ve been wondering whether or not you should get your home inspected, remember this article. Many homeowners might be afraid of getting an inspection because they don’t want to know about issues, don’t want to pay for expensive repairs, or adjust their asking price. However, if getting an inspection is right for your circumstances, it could actually help you to sell your home to a consistent buyer.
Did you enjoy reading this article? Here’s more to read. What Needs Inspecting on Your Home Exterior
