Home Sellers Report Versus Home Inspection

I work very closely with Homebuyers Inspections in Virginia Beach. They are a very fair home inspection company that consistently does good work. In real estate, consistency is a hard thing to come by!
They wrote an article on Home Inspections (inspections paid for by the buyer where the buyer is the client for the inspector) and Home Sellers reports (paid for by the seller before a contract comes in). In this tough market where everyone is accepting terms that may at times stretch their budget, a home seller report is the way to go. It prevents possible deal-breaking problems for both buyers and sellers. Sellers get a jump on required repairs and buyers don't need to pay for a home inspections. Everybody wins...... There is a more detailed article on the Homebuyers web page, but here are the general pros of a Home Sellers Report:
Benefits of the HomeSellers Report
1. No more surprise "deal killers" i.e. PB, old roofs, moisture damage, etc.
2. Every ratified contract is a final contract. No re-negotiating after the Home Inspection.
3. Sellers gain control of: Who will do the inspection. When the inspection will be done. What will or will not be corrected. Who, how or when any repairs will be done . Will the item be repaired, replaced, removed.
4. No more sitting through painfully long home inspections
5. No more arranging for repairs
6. No more lost market time dealing with buyers who aren't going to buy the house anyway
7. Buyers feel more comfortable making an offer
8. Buyers have more trust in the selling and listing agents
9. Buyers perceive added value. They don't have to pay for the inspection, take off work to attend the inspection, negotiate repairs, etc.
10.Less Stress, more amicable transactions
11. Allows your agent to more accurately predict your ultimate closing expenses and net cash.

If you have any questions about this post or want to continue this discussion beyond the customary comment, email me at lizgermanos@yahoo.com. If you are interested in real estate in Hampton Roads and need an agent to guide, please feel free to also email me.