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Take control when selling your home, early vigilance can save cash

Submitted by Jasmina on Sat, 2006-11-25 03:43.

By hiring their own inspector, sellers can ease the pressure from sole reliance on the buyer’s report. Problem areas became negotiable items. The usual approach is to wait for an offer before inspectors scope out a home. Once inspectors for buyers get involved, though, it opens a Pandora’s box of costs and demands. Buyers push the envelope; sellers, sometimes panicked by lack of other offers, capitulate.

According to home inspector Rob Kent of Pittsburgh Property Inspectors in Pennsylvania, a scant 1 to 2 percent of his business is for sellers. “I find it amazing that a lot of these people think their house is in fantastic shape, then they find all these things wrong and they wonder how this happened,” Kent says. But by then it’s too late, because the buyer is in the driver’s seat in terms of repairs and, more importantly, repair costs. Kent says the time to spot problems is early. Only then, says Kent, does “the seller has chance to shop around for the lowest price.” Sellers can also control scope of work. Read the full story.