The inspection contingency in your sales contract is an inescapable reality with a traditional real estate transaction. Many Kansas City home sellers fear the unknown of what lies behind their walls or under the floor. Many Realtors will tell you the best practice for home sellers is to have a pre-inspection before getting an offer. However, we will now explore what Kansas City home sellers should do after a poor property inspection if you’re facing this situation.
It is not beyond the realm of possibilities that your report is incorrect, as inspectors have faced lawsuits for inaccuracy. But, if you do find yourself seriously questioning the inspector’s professionalism after getting a poor property inspection, then what?
We highly recommend Kansas City home sellers asking for recommendations for a highly reliable inspector from a trusted real estate expert like the professional investors at kcmoHomeBuyer. Because direct buyers work with a team of the most respected experts from every walk of the real estate industry, they can easily guide you to a reliable inspector.
But if you still question something on the inspection you can either go hire a different inspector or perhaps ask for a contractor to come bid a repair for the problem. A good contractor will tell you if there really is a problem or if there is not. There have been a few times here at kcmoHomeBuyer that the inspection was wrong and we were able to get a statement in writing from the local building codes inspector that what we had was fine and to code and what the inspector was recommending was just wrong.
This team is ready to quickly jump into action, as it is their full-time passion to help home sellers solve their problems, be they inspections, time, or financial crunches. And note that we buy a lot of houses with bad inspections, we make our money because we buy the houses that need repair and after our team is done fixing everything, we can then sell for a profit.
What if you already have a buyer and the bad inspection is from their inspection. You are now faced with making the buyers requested repairs or renegotiating your sale. After a poor property inspection, Kansas City home sellers may have buyers that will go forward with the sale. How the buyers choose to do so is dependent upon the deal’s terms. Bartering may be an option; perhaps the buyers have interest in a piece of antique furniture, large appliance, or other valuable possession your buyers may have enough interest in to save the sale. While it may be a painful sacrifice, you may have to consent to the demands to keep your deal depending on your circumstances. Another option is that the buyer requires you to complete any repairs out of pocket before the sale progresses. Often, sellers find themselves in a quandary, knowing the repairs will increase value, yet lacking the funds or the personal fortitude to go through living in a construction zone. However, buyers often go overboard with what they want, feeling they have you over a barrel. Why not reach out for a quick alternative to direct buyers like those at kcmoHomeBuyer who will provide you with a no-obligation offer, which will help you sort out the reasonable requests from those where the buyers have crossed the line into ridiculous demands.
If the worst fear should come to fruition and the buyer backs out, you should seriously consider changing course with your sales method. Maybe you just don’t have the time to resolve the flaws detected in the inspection, or you do not have access to the finances the repairs will require. In the meantime, because the disclosure process includes providing any known defects to the next buyer, when Kansas City home sellers have a poor property inspection, unless you are willing to put in the time and money to make all of the repairs, you will need to sell as-is. Your buyer pool is now limited to a select group of buyers who are willing to take on your problems. If this is the case, a traditional listing with known faults usually lingers on the market. The longer a home sits on the market, the less the seller is likely to receive. Every day on the market and every price decrease is n the listing. Time also costs you money as each month passes and your bills continue to pour in. While your property was already listed, the days are adding up as you work with your buyer, leaving you in a less than advantageous position. When offers come in, buyers will seek bargain basement deals and typically make you insultingly low offers. Direct buyers want to see you get a fair price, so why not avoid the emotional roller coaster of waiting and being disappointed. The best part, your closing could be in as little as seven days. Why not reach out for a no-obligation quote from a professional investor like those at kcmoHomeBuyer.
Are you dreading the outcome of your home inspection? Why not just skip the sleepless nights and sell directly to kcmoHomeBuyer! We welcome you to contact us and share all of your concerns. At kcmoHomeBuyer, we take the time to listen to you and help save more of your money for you! You can rest easy when you work with the direct buyers at kcmoHomeBuyer, who offer solutions for any situation. Kansas City, home sellers can avoid all of the stress and hassle accompanying a less than adequate property inspection by calling kcmoHomeBuyer at (816) 408-3600 or sending us a message today.
Lifted an enormous burden.
Selling the house closed a long chapter in my life and lifted an enormous burden. Every week I spent at the house either cleaning, keeping up on maintenance, or keeping up the lawn. This was in addition to taking care of my own home. Now I have more time to spend with my kids watching their sporting events and more time with my mom!