Even in competitive markets, inspections still play a role in most transactions.  Sellers need to know how a home inspection works when selling their home in Fairfax Station, VA. 

What to Expect

• Buyers will often conduct inspections even without a contingency, and they are allowed to do so under Virginia law. 
• If findings are shared with the seller, they may have disclosed information that the seller previously did not know.
• Findings can lead to negotiations if the seller is open to discussing those. 
• Sellers can decide which items to fix or not.  Sellers are not obligated to fix or repair any home inspection items. 
• Sellers decide how to pay for those items. 
• A seller concession is a great way to give buyers the money for repairs or fixes on their own with their own contractor, eliminating the need to pay for them upfront. 
• If a seller decides to fix or repair any items, they must provide proof that the work was completed before closing, such as an invoice.

Common Issues

• Roof issues/water damage
• Mechanical issues like the furnace and HVAC
• Minor maintenance items 
• Mold or water damage
• Electrical issues

How to Prepare

• Have your own home inspection done, so you know what may come up in the inspection
• Have a contractor on standby to assess issues with a cost breakdown
• Address obvious issues ahead of time that may derail any offer
• Understand what’s typical vs. concerning
• Know what you are willing to pay for upfront

Final Thought

Inspections don’t have to derail a deal if you’re prepared.  Buyers have the right to know what they are purchasing.  Sellers have the right to decide whether they want to pay for those. In the end, a compromise is usually the best approach to keep the contract moving forward toward closing. 

Savvy strategies. Expert guidance. Proven results.

List with Kristin