I mentioned here that it would be a prudent business practice to provide buyers with a home inspection prior to making an offer:
Sellers and listing agents don’t want to mess around with repair requests, and it says right in the contract that the house is sold ‘as-is’. Yet the common practice today is for the buyers to conduct their own home inspection AFTER they have an accepted offer, which means the unknown facts about the house are rarely priced into the deal – and, as a result, buyers want some giveback. They might endure some inequity in a frenzy, but as the market balances out, the tendency will be to cancel the deal if they aren’t happy.
But here’s another reason for providing a home inspection – to avoid having the buyers hiring an inspector who could put your deal in jeopardy. You can’t stop them from doing their own second inspection, but at least you’ll have another opinion available if they hire one of these.
The three inspectors everyone wants to avoid:
- The bumbling, incompetent inspector who raises more concern.
- The CYA inspector, who creates more alarm by insisting that a licensed contractor needs to be consulted for an adequate opinion of the stupid stuff.
- The inspector who tells you in person that it’s a great house, and then sends a report loaded with surprises.
The seller-provided inspection is a counter-balance for all three categories!