The Ultimate Home Inspection Checklist for Sellers
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- Äas pĆidĂĄn 11. 05. 2023
- Welcome to this video on all things home inspections! Whether you're a home buyer or seller, this video is packed with helpful tips and insights to help you prepare for a home inspection and make the most of the process.
In this video, Katelyn Henderson, a REALTOR serving home buyers, sellers, and investors in Sumner County and the Greater Nashville Tennessee area, shares her expertise on home inspections. You'll learn about the main purpose of a home inspection and what to focus on during the process, as well as who should attend the inspection and how sellers can prepare for it.
Questions answered in this video:
Who Should Attend the Home Inspection?
How Do I Prepare as the Home Inspection as a Seller?
How to prepare for possible repairs?
She also explains the benefits of getting a pre-listing inspection as a seller and how it can help you save money and time in the long run.
If you're a home buyer, you'll learn what to expect during a home inspection and what major issues to look out for. Katelyn also shares some common mistakes that buyers make during the inspection process and how to avoid them.
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I am Katelyn Henderson, REALTORÂźïž with Parks Lakeside in Hendersonville, TN, just north of Nashville - empowering buyers, sellers, and investors in the Greater Nashville area. After climbing the corporate ladder and traveling for work 70-90% of the time, I decided that I wanted to do more for my local community for a way that ACTUALLY mattered beyond earning a paycheck! So, I embarked on a journey that I spent my youth proclaiming, I "would never do" after being raised in the business and in the area and became a licensed REALTORÂźïž!
Now that I'm here there's nowhere else I'd rather be!
Let's stay connected, welcome to the journey!
My agent needs to be present whenever anyone else is in my home. Not me, I, agree on that, but definitely my agent.
As an inspector, I love this video. Pretty spot on. You didnât even tell me not to give my opinion.
Aww âș I'm glad you liked it! I appreciate the feedback!
Awesome information Katelyn. Great value
Thank you so much, Erick, I appreciate it! đ€
The real problem is we don't list the home inspection report with the listing of the house so buyers can read what the condition is before even wasting time looking at it. It would also set the value where it should be having clean houses sell for more and dumps selling for what they are really worth and give home owners the incentive to actually maintain their house. The fact is if your moving within the next 5-10 years there is no point in putting money in your house at all because it won't bring up the value using our current system.
Thatâs really insightful! I love the thought behind providing pre-listing inspection report. I think that would be especially valuable if a seller KNOWS they want to sell âAS ISâ with no desire to negotiate repairs/concessions.
Great points there!
@@katelynhendersonrealtor Yep, sell it as is with all the issues and set the price accordingly from the start.
@@petebusch9069 *insert standing ovation* I love this!
It doesnât matter. You can fix every single thing and the inspector will still find something and the buyer will still ask for repairs. Inspections and repairs are just another way to eke more money out of the deal.
I hear you, Inspections can seem like a hassle, but hear me out! They help identify potential issues early, saving everyone money and headaches. Plus, addressing them shows you care for your home, building trust with buyers and potentially increasing your offer! Hope this is helpful.
@@katelynhendersonrealtor Donât get me wrong, I use home inspectors. However, I fully understand what Iâm buying because I know what theyâre selling. Most people do not. I recently sold a house that passed the inspection with flying colors with NO concerns in any major area to include roof, HVAC, foundation, doors, walls, etc. Much of this was because I put thousands of dollars into the house to get it ready for market. My buyers and their clueless agent sent a repair request with a three legit concerns. They wanted $600 to wrap them up. The real cost was closer to $200 and that was being generous. Weâre talking about adding a sticker to a hot wire and a few screws on an outdoor faucet. Then they asked for renovations and additions totaling $6-10K. This was not done in good faith and the fact my state allows this is the true problem in my opinion. If you allow it, people will abuse it. It was a planned and boldfaced attempt to reopen negotiations on an already agreed upon purchase price. It all worked out but only because I was in a position to stand firm. They wanted to negotiate thousands; I kept it in the hundreds. My agent was the true hero of the hour and got the deal the done. This left me understanding that you will get no credit for all the things you do right and will likely wind up like that kid with a straight Aâs report card only to have a jerk parent want to know why theyâre not all A plusses.
I feel the same.
Inspections are for the buyers information educating them on what they are buying and how bad it is. The fact the inspector still found things after a seller "fixed" everything proves me right. If your getting an inspection just to negotiate price then you will regret your purchase.
@@petebusch9069
Thank you for sharing your perspective! I appreciate your input and can see where youâre coming from. Regarding your point about buyers who might submit an offer and schedule an inspection with the sole intent of negotiating a lower price, itâs an interesting scenario. It reminds me of the saying, âif you donât like it in the store, you wonât wear it outside the store.â
Indeed, if a buyer isnât truly interested in the house, going through with an inspection could end up being a costly endeavor without genuine intent to purchase.
On your second point, I also agree that no home is perfect, and different inspectors might report different issues - it's the nature of our homes and the human element in inspections.
However, conducting a thorough inspection before listing can still be incredibly beneficial. It helps sellers address potential deal-breakers upfront, enhances trust with potential buyers, and can streamline the negotiation process. It's not about achieving a 'perfect' inspection report, but about transparency and preparedness, which can ultimately contribute to a smoother transaction.
I value your insights and am curious to hear more about your experiences or any additional thoughts you might have!
đ
Thanks for sharing! What idiot (2:37) would go up on their roof in flip-flops? They're tempting Murphy's Law with that maneuver!
You arenât kidding!! đ€Łđ©Ž I shake climbing a ladder in SAFE shoes đ
Safer to be barefoot on a roof, than wear those flimsy flip-flops.
@@zhmw youâve got that right! đ
My electric panel needs to be updated. Should I replace beforehand, or can that be negotiated. Which is better? Thank you for your valuable time that you donated, to guide in making informed decisions
Thank you so much! Thatâs a good question.
When you say âneeds updatedâ, I have a couple questions:
First, is an electrician suggesting it? Second, does that mean anything isnât working or are there safety concerns?
@katelynhendersonrealtor thank you for your question. Yes, we had some incidents where the breaker would trip , the box is 50 years old, got an estimate, and they said it needs to be updated. Not running on proper voltage . We have been here 10 years, it will cost 14 thousand. We are trying to determine if we can sell and negotiate that in price or if it will become a problem for the buyer getting a mortgage loan. Or, should we sell as is. The home sits on 7201 sq ft of land. More than likely, someone will just come in and tear down and rebuild. Property is r2, but the city allows for 3 homes total. We are looking to move out of state at the appropriate time when we figure this all out. It also needs new windows. Any insight would be greatly appreciated
@@thekeldelify Holy smokes! A $14K repair bill is no small change, thatâs for sure.
First things first, if youâve already got a REALTORÂź and youâre bound by an agreement, stick with their advice as your first port of call.
Now, letâs unpack your situation a bit:
1. Market and Size Matters: Given the property size you mentioned (less than a quarter of an acre), itâs crucial to weigh the pros and cons. Iâd suggest getting a seller net sheet done.
This will break down whether the cost of repairs is worth it based on your potential net profits. Numbers donât lie, and they can provide surprising insights! A trusted REALTORÂź can help you with this or even your real estate title company.
2. Whoâs Buying?:
Like you mentioned, Is your likely buyer someone looking to invest, paying in cash, and planning major changes?
If yes, selling âAS ISâ might be your best bet.
However, if your home is still a catch for the typical homebuyer who needs financing, itâs wise to disclose the issue upfront and see if they bite. But remember-know your limits when it comes to repair costs during negotiations. There are options to meet in the middle on this too depending which state youâre in.
Also, a heads-up: opting to sell âAS ISâ can sometimes mean your home might linger on the market a bit longer, potentially narrowing down your pool of buyers.
Youâre already on the right track by proactively seeking quotes and asking the right questions!
If youâre navigating the Tennessee market, feel free to drop me a line-Iâd love to chat and provide more tailored advice (no pressure, just an open door).
If youâre elsewhere, I can happily connect you with a trusted local expert in your market who can help you navigate these waters, too. âșïž
We had the same issue. Just spent 4K getting ours up to code due to age. But 14K? Iâd get more bids. Sounds like they almost have to tear into your walls and replace everything. And then what? Who replaces all of that? No buyer wants to deal with that either and you will never get your money back. Iâd ask what absolutely has to be done before making a decision. That just sounds way too high.
@katelynhendersonrealtor thank you so much for your input Katelyn; and for taking the time to reply. I deeply appreciate that. I will take all of your advice. Sincerely, Kelly
As a home inspector this literally never happens. Pages and pages of nit picky items that should have been addressed while the people were living there but never get done. All this stuff gets passed on and for the most part never really gets fixed. This is one reason we charge what we do, the list is endless sometimes taking forever to document.