It doesn’t matter. You can fix every single thing and the inspector will still find something and the buyer will still ask for repairs. Inspections and repairs are just another way to eke more money out of the deal.
I hear you, Inspections can seem like a hassle, but hear me out! They help identify potential issues early, saving everyone money and headaches. Plus, addressing them shows you care for your home, building trust with buyers and potentially increasing your offer! Hope this is helpful.
@@katelynhendersonrealtor Don’t get me wrong, I use home inspectors. However, I fully understand what I’m buying because I know what they’re selling. Most people do not. I recently sold a house that passed the inspection with flying colors with NO concerns in any major area to include roof, HVAC, foundation, doors, walls, etc. Much of this was because I put thousands of dollars into the house to get it ready for market. My buyers and their clueless agent sent a repair request with a three legit concerns. They wanted $600 to wrap them up. The real cost was closer to $200 and that was being generous. We’re talking about adding a sticker to a hot wire and a few screws on an outdoor faucet. Then they asked for renovations and additions totaling $6-10K. This was not done in good faith and the fact my state allows this is the true problem in my opinion. If you allow it, people will abuse it. It was a planned and boldfaced attempt to reopen negotiations on an already agreed upon purchase price. It all worked out but only because I was in a position to stand firm. They wanted to negotiate thousands; I kept it in the hundreds. My agent was the true hero of the hour and got the deal the done. This left me understanding that you will get no credit for all the things you do right and will likely wind up like that kid with a straight A’s report card only to have a jerk parent want to know why they’re not all A plusses.
Inspections are for the buyers information educating them on what they are buying and how bad it is. The fact the inspector still found things after a seller "fixed" everything proves me right. If your getting an inspection just to negotiate price then you will regret your purchase.
@@petebusch9069 Thank you for sharing your perspective! I appreciate your input and can see where you’re coming from. Regarding your point about buyers who might submit an offer and schedule an inspection with the sole intent of negotiating a lower price, it’s an interesting scenario. It reminds me of the saying, “if you don’t like it in the store, you won’t wear it outside the store.” Indeed, if a buyer isn’t truly interested in the house, going through with an inspection could end up being a costly endeavor without genuine intent to purchase. On your second point, I also agree that no home is perfect, and different inspectors might report different issues - it's the nature of our homes and the human element in inspections. However, conducting a thorough inspection before listing can still be incredibly beneficial. It helps sellers address potential deal-breakers upfront, enhances trust with potential buyers, and can streamline the negotiation process. It's not about achieving a 'perfect' inspection report, but about transparency and preparedness, which can ultimately contribute to a smoother transaction. I value your insights and am curious to hear more about your experiences or any additional thoughts you might have! 😊
The home inspection is one of the biggest things about buying a home. Make sure you’re super detailed. Watch the entire process closely build an Excel spreadsheet work through your realtor to the seller.
The real problem is we don't list the home inspection report with the listing of the house so buyers can read what the condition is before even wasting time looking at it. It would also set the value where it should be having clean houses sell for more and dumps selling for what they are really worth and give home owners the incentive to actually maintain their house. The fact is if your moving within the next 5-10 years there is no point in putting money in your house at all because it won't bring up the value using our current system.
That’s really insightful! I love the thought behind providing pre-listing inspection report. I think that would be especially valuable if a seller KNOWS they want to sell “AS IS” with no desire to negotiate repairs/concessions. Great points there!
What I personally like to do is find competing home inspectors as a buyer and put them both on the job at the same time they’ll be a $500 bonus to the home inspector that finds the most issues with the home. It’s a competition and I would as a buyer I would be right behind them watching everything that they do, making sure they’re checking the structure carpentry regulations the roof water damage foundation damage who cares about the carpet in the color of the house that’ll all be changed anyway
My electric panel needs to be updated. Should I replace beforehand, or can that be negotiated. Which is better? Thank you for your valuable time that you donated, to guide in making informed decisions
Thank you so much! That’s a good question. When you say “needs updated”, I have a couple questions: First, is an electrician suggesting it? Second, does that mean anything isn’t working or are there safety concerns?
@katelynhendersonrealtor thank you for your question. Yes, we had some incidents where the breaker would trip , the box is 50 years old, got an estimate, and they said it needs to be updated. Not running on proper voltage . We have been here 10 years, it will cost 14 thousand. We are trying to determine if we can sell and negotiate that in price or if it will become a problem for the buyer getting a mortgage loan. Or, should we sell as is. The home sits on 7201 sq ft of land. More than likely, someone will just come in and tear down and rebuild. Property is r2, but the city allows for 3 homes total. We are looking to move out of state at the appropriate time when we figure this all out. It also needs new windows. Any insight would be greatly appreciated
@@thekeldelify Holy smokes! A $14K repair bill is no small change, that’s for sure. First things first, if you’ve already got a REALTOR® and you’re bound by an agreement, stick with their advice as your first port of call. Now, let’s unpack your situation a bit: 1. Market and Size Matters: Given the property size you mentioned (less than a quarter of an acre), it’s crucial to weigh the pros and cons. I’d suggest getting a seller net sheet done. This will break down whether the cost of repairs is worth it based on your potential net profits. Numbers don’t lie, and they can provide surprising insights! A trusted REALTOR® can help you with this or even your real estate title company. 2. Who’s Buying?: Like you mentioned, Is your likely buyer someone looking to invest, paying in cash, and planning major changes? If yes, selling “AS IS” might be your best bet. However, if your home is still a catch for the typical homebuyer who needs financing, it’s wise to disclose the issue upfront and see if they bite. But remember-know your limits when it comes to repair costs during negotiations. There are options to meet in the middle on this too depending which state you’re in. Also, a heads-up: opting to sell “AS IS” can sometimes mean your home might linger on the market a bit longer, potentially narrowing down your pool of buyers. You’re already on the right track by proactively seeking quotes and asking the right questions! If you’re navigating the Tennessee market, feel free to drop me a line-I’d love to chat and provide more tailored advice (no pressure, just an open door). If you’re elsewhere, I can happily connect you with a trusted local expert in your market who can help you navigate these waters, too. ☺️
We had the same issue. Just spent 4K getting ours up to code due to age. But 14K? I’d get more bids. Sounds like they almost have to tear into your walls and replace everything. And then what? Who replaces all of that? No buyer wants to deal with that either and you will never get your money back. I’d ask what absolutely has to be done before making a decision. That just sounds way too high.
@katelynhendersonrealtor thank you so much for your input Katelyn; and for taking the time to reply. I deeply appreciate that. I will take all of your advice. Sincerely, Kelly
As a home inspector this literally never happens. Pages and pages of nit picky items that should have been addressed while the people were living there but never get done. All this stuff gets passed on and for the most part never really gets fixed. This is one reason we charge what we do, the list is endless sometimes taking forever to document.
@@amanacatandhisdog8836 Did this happen with you on the buy side? I’ve got a seller that discovered minor roof damage. Because they caught it before listing they’ve proactively started the process with insurance to get ahead of it.
@@katelynhendersonrealtor yes the house had been recently remodeled inside but the ground for the home had been used and was no good w singing in the attic and overgrown tree had been rubbing on the shingles causing damage.
@@amanacatandhisdog8836 sounds like what I call a “lipstick on a pig remodel” that is really frustrating when the most important parts of updating and maintaining a home well get missed. I’m sorry that happened 🙏
As an inspector, I love this video. Pretty spot on. You didn’t even tell me not to give my opinion.
Aww ☺ I'm glad you liked it! I appreciate the feedback!
Awesome information Katelyn. Great value
Thank you so much, Erick, I appreciate it! 🤗
It doesn’t matter. You can fix every single thing and the inspector will still find something and the buyer will still ask for repairs. Inspections and repairs are just another way to eke more money out of the deal.
I hear you, Inspections can seem like a hassle, but hear me out! They help identify potential issues early, saving everyone money and headaches. Plus, addressing them shows you care for your home, building trust with buyers and potentially increasing your offer! Hope this is helpful.
@@katelynhendersonrealtor Don’t get me wrong, I use home inspectors. However, I fully understand what I’m buying because I know what they’re selling. Most people do not. I recently sold a house that passed the inspection with flying colors with NO concerns in any major area to include roof, HVAC, foundation, doors, walls, etc. Much of this was because I put thousands of dollars into the house to get it ready for market. My buyers and their clueless agent sent a repair request with a three legit concerns. They wanted $600 to wrap them up. The real cost was closer to $200 and that was being generous. We’re talking about adding a sticker to a hot wire and a few screws on an outdoor faucet. Then they asked for renovations and additions totaling $6-10K. This was not done in good faith and the fact my state allows this is the true problem in my opinion. If you allow it, people will abuse it. It was a planned and boldfaced attempt to reopen negotiations on an already agreed upon purchase price. It all worked out but only because I was in a position to stand firm. They wanted to negotiate thousands; I kept it in the hundreds. My agent was the true hero of the hour and got the deal the done. This left me understanding that you will get no credit for all the things you do right and will likely wind up like that kid with a straight A’s report card only to have a jerk parent want to know why they’re not all A plusses.
I feel the same.
Inspections are for the buyers information educating them on what they are buying and how bad it is. The fact the inspector still found things after a seller "fixed" everything proves me right. If your getting an inspection just to negotiate price then you will regret your purchase.
@@petebusch9069
Thank you for sharing your perspective! I appreciate your input and can see where you’re coming from. Regarding your point about buyers who might submit an offer and schedule an inspection with the sole intent of negotiating a lower price, it’s an interesting scenario. It reminds me of the saying, “if you don’t like it in the store, you won’t wear it outside the store.”
Indeed, if a buyer isn’t truly interested in the house, going through with an inspection could end up being a costly endeavor without genuine intent to purchase.
On your second point, I also agree that no home is perfect, and different inspectors might report different issues - it's the nature of our homes and the human element in inspections.
However, conducting a thorough inspection before listing can still be incredibly beneficial. It helps sellers address potential deal-breakers upfront, enhances trust with potential buyers, and can streamline the negotiation process. It's not about achieving a 'perfect' inspection report, but about transparency and preparedness, which can ultimately contribute to a smoother transaction.
I value your insights and am curious to hear more about your experiences or any additional thoughts you might have!
😊
The home inspection is one of the biggest things about buying a home. Make sure you’re super detailed. Watch the entire process closely build an Excel spreadsheet work through your realtor to the seller.
My agent needs to be present whenever anyone else is in my home. Not me, I, agree on that, but definitely my agent.
For clarity, are you saying as far as when inspections are being conducted?
The real problem is we don't list the home inspection report with the listing of the house so buyers can read what the condition is before even wasting time looking at it. It would also set the value where it should be having clean houses sell for more and dumps selling for what they are really worth and give home owners the incentive to actually maintain their house. The fact is if your moving within the next 5-10 years there is no point in putting money in your house at all because it won't bring up the value using our current system.
That’s really insightful! I love the thought behind providing pre-listing inspection report. I think that would be especially valuable if a seller KNOWS they want to sell “AS IS” with no desire to negotiate repairs/concessions.
Great points there!
@@katelynhendersonrealtor Yep, sell it as is with all the issues and set the price accordingly from the start.
@@petebusch9069 *insert standing ovation* I love this!
What I personally like to do is find competing home inspectors as a buyer and put them both on the job at the same time they’ll be a $500 bonus to the home inspector that finds the most issues with the home. It’s a competition and I would as a buyer I would be right behind them watching everything that they do, making sure they’re checking the structure carpentry regulations the roof water damage foundation damage who cares about the carpet in the color of the house that’ll all be changed anyway
You sound like a psychopath.
Thanks for sharing! What idiot (2:37) would go up on their roof in flip-flops? They're tempting Murphy's Law with that maneuver!
You aren’t kidding!! 🤣🩴 I shake climbing a ladder in SAFE shoes 😅
Safer to be barefoot on a roof, than wear those flimsy flip-flops.
@@zhmw you’ve got that right! 😅
My electric panel needs to be updated. Should I replace beforehand, or can that be negotiated. Which is better? Thank you for your valuable time that you donated, to guide in making informed decisions
Thank you so much! That’s a good question.
When you say “needs updated”, I have a couple questions:
First, is an electrician suggesting it? Second, does that mean anything isn’t working or are there safety concerns?
@katelynhendersonrealtor thank you for your question. Yes, we had some incidents where the breaker would trip , the box is 50 years old, got an estimate, and they said it needs to be updated. Not running on proper voltage . We have been here 10 years, it will cost 14 thousand. We are trying to determine if we can sell and negotiate that in price or if it will become a problem for the buyer getting a mortgage loan. Or, should we sell as is. The home sits on 7201 sq ft of land. More than likely, someone will just come in and tear down and rebuild. Property is r2, but the city allows for 3 homes total. We are looking to move out of state at the appropriate time when we figure this all out. It also needs new windows. Any insight would be greatly appreciated
@@thekeldelify Holy smokes! A $14K repair bill is no small change, that’s for sure.
First things first, if you’ve already got a REALTOR® and you’re bound by an agreement, stick with their advice as your first port of call.
Now, let’s unpack your situation a bit:
1. Market and Size Matters: Given the property size you mentioned (less than a quarter of an acre), it’s crucial to weigh the pros and cons. I’d suggest getting a seller net sheet done.
This will break down whether the cost of repairs is worth it based on your potential net profits. Numbers don’t lie, and they can provide surprising insights! A trusted REALTOR® can help you with this or even your real estate title company.
2. Who’s Buying?:
Like you mentioned, Is your likely buyer someone looking to invest, paying in cash, and planning major changes?
If yes, selling “AS IS” might be your best bet.
However, if your home is still a catch for the typical homebuyer who needs financing, it’s wise to disclose the issue upfront and see if they bite. But remember-know your limits when it comes to repair costs during negotiations. There are options to meet in the middle on this too depending which state you’re in.
Also, a heads-up: opting to sell “AS IS” can sometimes mean your home might linger on the market a bit longer, potentially narrowing down your pool of buyers.
You’re already on the right track by proactively seeking quotes and asking the right questions!
If you’re navigating the Tennessee market, feel free to drop me a line-I’d love to chat and provide more tailored advice (no pressure, just an open door).
If you’re elsewhere, I can happily connect you with a trusted local expert in your market who can help you navigate these waters, too. ☺️
We had the same issue. Just spent 4K getting ours up to code due to age. But 14K? I’d get more bids. Sounds like they almost have to tear into your walls and replace everything. And then what? Who replaces all of that? No buyer wants to deal with that either and you will never get your money back. I’d ask what absolutely has to be done before making a decision. That just sounds way too high.
@katelynhendersonrealtor thank you so much for your input Katelyn; and for taking the time to reply. I deeply appreciate that. I will take all of your advice. Sincerely, Kelly
As a home inspector this literally never happens. Pages and pages of nit picky items that should have been addressed while the people were living there but never get done. All this stuff gets passed on and for the most part never really gets fixed. This is one reason we charge what we do, the list is endless sometimes taking forever to document.
👍
If the sellers had done an inspection they would have realized that major electrical work and minor roof damage needed to be done.
@@amanacatandhisdog8836 Did this happen with you on the buy side? I’ve got a seller that discovered minor roof damage. Because they caught it before listing they’ve proactively started the process with insurance to get ahead of it.
@@katelynhendersonrealtor yes the house had been recently remodeled inside but the ground for the home had been used and was no good w singing in the attic and overgrown tree had been rubbing on the shingles causing damage.
@@amanacatandhisdog8836 sounds like what I call a “lipstick on a pig remodel” that is really frustrating when the most important parts of updating and maintaining a home well get missed. I’m sorry that happened 🙏