What Is a Home Inspection (And Do I Need It When Selling My House?
A home inspection observes and reports the overall condition of your house. If you list your house on the market and sell it the traditional way, you are almost always required to schedule a home inspection. If you choose to sell your house as-is for cash directly to a company that buys houses, a home inspection may not be necessary.
A home inspection differs from an appraisal in that it does not establish your house’s market value. Instead, the inspection simply points to areas of your house that you need to improve before your house is legally sellable. For instance, the inspection may reveal that you need to repair the foundation before the house is safe for a buyer to occupy.
What Can I Expect During a Home Inspection?
What happens during a home inspection?
Interior and Exterior Assessment
A home inspector will look at the interior and exterior parts of the home like the foundation, structural components, roof, HVAC, plumbing, and electrical systems, then provide a written home inspection report with results
A home inspection generally takes two to four hours but may take more time depending on the size of the house. After the physical inspection, the home inspector may take a couple of days to send the written report
You Can Stay at Home
Buyers should attend the inspection so they can explore their new home in detail and ask questions during the process. This can give you much more information than the report alone.
Don’t be concerned with the number of defects listed on your report — many will be so minor you won’t bother fixing them. Instead, pay attention to the severity of the home’s issues. Some problems can be deal-breakers.
Do I Have to Pay for a Home Inspection?
It depends on the agreement between you and the buyer.
Potential buyers are willing to pay for a home inspection if they are interested in making an offer on the house. However, there may be a situation where the buyer asks you to pay for the inspection just to facilitate an offer. Or they may ask you to compensate them for the inspection at closing.
If you decide to do a traditional home sale, you may want to schedule an inspection to identify any problems with the house before you list it on the market. If you choose a cash sale and sell your house as-is, neither you nor the buyer will have to schedule an inspection. The buyer agrees to buy the house in its current condition.
What Do Home Inspectors Look for?
Home inspectors typically follow the same method and process when inspecting a home. According to the American Society of Home Inspectors (ASHI), an inspector is required to assess the following home components:
Central air conditioning
Plumbing and electrical
Roof and gutters,
Attic and insulation
Windows and doors
A qualified home inspector assesses the property's condition, including its heating and cooling systems, plumbing, electrical work, water, and sewage, as well as some fire and safety issues. In addition, the home inspector will look for evidence of insects, water, fire damage, or any other issue that may affect the property's value.
Do I Need a Home Inspection in a Cash Sale?
If you sell your house as-is for cash, there is no need for a home inspection. The buyer agrees to purchase the house in its current condition and assumes responsibility for any repairs or upgrades that the house requires. Since you don’t schedule an inspection or make repairs, you can save thousands of dollars on the sale.
Get a Cash Offer from Local Guy Buys Houses
If you need to sell your house fast, contact Local Guy Buys Houses. Let us look at your property and make an offer. You can sell your house as-is for cash. Call today to get a fast cash offer.