So, your home just had a bad inspection. The first thing you need to remember is to not freak out. Just because the inspection is bad doesn’t mean you’re never going to sell your home or that your home isn’t safe. There can be a million reasons why the inspection failed, and all of them can be taken care of in one way or another.
Some of the most common issues would be:
- The electrical wiring is outdated or the wires themselves are fraying.
- Mold has is growing somewhere in the walls.
- A chimney was damaged from a storm or deteriorated from age.
- The plumbing is not up to code or the pipes are leaking.
- There’s a termite infestation or termite damage from a previous infestation.
- The roof needs shingles replaced, there’s a leak, or it needs a full replacement.
- The foundation of the house has cracks developing or it’s sinking into the ground. Both can cause the basement to flood.
- The windows won’t open, they’re cracked, they stick, or they’re broken in some way.
Electrical wiring is outdated or the wires themselves are fraying.
Roof needs shingles replaced, there’s a leak, or it needs a full replacement.
A lot of these issues may seem overwhelming, but do not fear! Your real estate agent will work with you to get everything taken care of. The issues that the house has may not be a deal-breaker for buying or selling your house. If you’re selling your house, the new buyers may agree to take care of anything that needs to be updated. Likewise, if you’re a home buyer, the seller may take care of the repairs to make it easier for you. It’s really up to whatever is agreed on during the time of the sale. You may even get percentage off the cost of the house for the repairs that need to be completed.
Your real estate agent will work with you to get everything taken care of.
A few questions to keep in mind is:
- Does the seller have to complete the repairs before the house is sold or will the buyer be responsible for them?
- Are the repairs serious enough for a professional to complete them?
- Will credit be given to the buyer for any repairs?
If your home is more up-to-date, the more likely it will sell for a higher price. Be sure to stay in contact with your realtor, potential buyers, or the seller of the home for progress on the repairs for your house.