Why would a seller have a Home Inspection done? Getting a sellers home inspection prior to listing a property may seem a little strange… It’s the buyer who really needs the inspection, isn’t it? Well, the truth is that all parties involved need their own inspection. If, for instance, someone is selling in a buyer’s market, the home could easily get overlooked with all the other houses available. Or, even worse, the sale could fall through because of problems they either didn’t know existed or had grown accustomed to. There’s more than a 90% chance that the home you’re trying to sell will have a professional home inspection done. Don’t sweat the process and instead be prepared for it with the help of Home Inspectors MN.
Pre-Listing Inspection: Know the Condition of Your Home
A pre-listing inspection can give you the knowledge you need to make the best decision for your circumstances. By having a Minnesota certified home inspector perform an inspection before your home goes on the market, you can have more time to deal with any issues you may not have known about. A pre-listing inspection allows you the time and ability to either repair or disclose the issues. Either path you take will ensure you experience a smoother and less stressful home sale.
Benefits of Disclosing Property Deficiencies
By clearly disclosing upfront the defects of the property, you can weed out the parties not interested in dealing with those issues. This can save you the time, energy and frustration of an unknown defect causing a lost sale at the last moment, a price reduction and longer time on the market. Before potential buyers make an offer, let them know the condition of your property from a professional’s point of view. This also shows that you are forthright, honest, and have nothing to hide. And be sure to be welcoming to the buyer’s home inspector as well.
Repairing Property Defects Allows for More Potential Buyers
If you decide to have the defects discovered during a home inspection repaired, this will open up your home to more potential buyers. You see, there are three (3) main types of mortgages, but only certain incomes and homes qualify for specific loan options. The three main kinds of loans are FHA (Federal Housing Administration), Conventional and ARM (Adjustable-Rate Mortgage). FHA loans, for instance, are popular due in part to their low down payments and interest rates. They also have less extensive credit requirements, which make them much easier to receive approval. However, a home must qualify for a FHA loan, and those qualifications can be strict. Homes that don’t qualify for FHA are dramatically limited to the number of potential buyers. There could be a possibility that your home’s condition may not stand up to FHA qualifications. And discovering at the closing table that your home has issues that will not allow for FHA financing can be devastating. Don’t let this happen to you. Contact Home Inspectors MN today and have your home inspected to ensure for the biggest pool of buyers possible.
Minnesota FHA Inspections
Our Minnesota Home Inspection Company is experienced in performing home inspection for FHA loans. A home will be approved for a FHA mortgage if it is safe and habitable. Our FHA inspections include examining the structural components and mechanical systems of the home. We can help ensure you don’t run into any snags when trying to sell your home.
Don’t find any skeletons in your closet. Instead sell your home with confidence by contacting the Professional Home Inspectors of Minnesota for any Minneapolis/St. Paul/Twin Cities property at (763) 607-3064.
