Logic and Rationality: The Solution to Real Estate Inspection Jitters
How to Keep Your Home Inspection Nerves Calm
The other day I was speaking with a client after a closing.
We were talking about our recent transaction working with our Lead Buyer’s Agent, Johnny.
Among the discussion I asked in his opinion what was the most stressful part of the transaction.
Even though we had a fairly flawless transaction, it occurred to me there had to be some part that was unnerving for him.
His answer, the home inspection. And it makes sense when you stop and think about it.
As troublesome symptoms go, home inspection anxieties really shouldn’t cause a home buyer or seller to worry at all. Home buyers and sellers need not be troubled as they await the findings of the house inspection. Although if you didn’t have a little bit of anxiety you will be the exception, not the rule. Most experience some level of anxiety during the home inspection. My advice, “Don’t Freak Out”. Easier said than done, right?
But just in case you do have a “Freak Out” moment, worry not, you’re not alone. If you’re the seller you can rest on your laurels. You’ve done everything up to this point to prepare your house for the perfect inspection, yet be aware that some sharp-eyed inspector may uncover some unknown malady still lurking. If you’re the buyer you want to have some peace of mind. After all of the house previewing you’ve become an expert home navigator. You finally find and get your dream home under contract, but all of the plans you set into motion could still be derailed by some unanticipated structural problem.
Having so much on the line, the inspection is generally seen as one of the last issues that can throw a perfectly good deal into a tailspin. A few butterflies are appropriate.
The Solution
It’s the peace of mind you can only get from realism. While the deal killing inspection is possible, it is not very likely. Most negative findings can be dealt with. That is if you’re dealing with a rational party on the other side. Nothing the almighty dollar can’t solve. Your real estate agent should be an expert at handling post-inspection jitters. Most problems will be insignificant and shouldn’t bother the buyer at all. What’s that, your jitters just went away?
Keep in mind, even if a major problem is found, the seller knows that no matter who buys the house this problem will persist and will have to be taken care of at some point. So a rational seller will take care of it now. By either repairing it, or financial compensation. However, before an agreement can be made in regards to the repair, or repair credit some contractor bids will be necessary. More than one bid is recommended so you can compare. Remember, the lowest bid is not always the best. You are looking for quality workmanship. After all someone has to live with these repairs. Once all bids and estimates are acquired then the renegotiation may commence, resulting in a fair deal for all.
Quick note on negotiating, win-win is always the goal.
Helping buyers and sellers appraise the results of home inspections is one small part of how Miranda Executive Realty Real Estate Group can assist our clients when they make the important decision to buy or sell. We hope you’ll give us a call when considering the Coral Springs experts!
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