As a seller who needs to sell a house fast in Cedar Hill, getting multiple negative results on the home inspection report can make you feel frustrated and overwhelmed. Most prospective buyers back out of the deal if the home inspection results aren’t favorable.
However, not all hope is lost. Continue reading to discover what you can do if a home inspection reveals defects.
What Can I Do as a Seller If the Buyer’s Home Inspection Reveals Defects?
The first step is to take a deep breath. Don’t panic if you receive negative feedback on the home inspection. Generally, buyers are reasonable and understand that no home is perfect, even if it’s newly constructed. They might be willing to overlook the defects and proceed with the deal.
Let’s check out the different courses of action you can take when a home inspection reveals defects.
1. Make Repairs
Making the necessary repairs is the most obvious solution. If the repairs mentioned in the report are reasonable and you can afford to rectify them, this is the best course of action. Volunteering to fix all the repairs noted in the report is the best way to keep the deal moving forward.
If the current deal falls apart, you must disclose the initial report’s findings to potential buyers if you decide to relist the property. So, keeping the current deal moving forward is in your best interests.
2. Extend Home Credits
Instead of completing the repairs, you can provide the prospective buyer with appropriate credit. They can redeem these credits with a contractor and complete the repairs later, either before they move into the property or after they relocate. Make sure to compare quotes from different contractors so that you don’t offer overpriced credit.
3. Sell for Cash
If you don’t want to (or cannot afford to) make the repairs, the easiest way is to sell your home as-is for cash. Cash home buyers in Cedar Hill, like Five Star Properties, will purchase your home in its current condition and offer you a fair price. Selling your house as-is can be the easiest solution, especially if you’re looking to sell a house fast in Cedar Hill or don’t have the budget to afford the repairs.
4. Offer a One-Year Home Warranty
A home warranty is a powerful negotiation strategy, especially when the inspection report reveals more than a few flaws. The warranty will cost you just a few hundred dollars, but it’ll give the buyer immense peace of mind. They will know they are covered if issues arise during the first year after closing.
5. Consider Other Ways to Soothe and Assure the Buyer
There are no fixed rules about what you can or cannot do. For example, if the buyer is interested in a specific piece of furniture, you can offer that in exchange for skipping a few repairs on the report. Or you can sweeten the deal by adding a few appliances you weren’t initially planning to leave behind.
Seeing red flags on the home inspection report can be disheartening, especially when you’re close to sealing the deal. Use these strategies to keep the deal going forward. However, despite your best efforts, if the buyer backs out of the deal, you can relist the home, but you’ll have to disclose the issues found in the inspection to future buyers.