A Bad Home Inspection Doesn’t Have to Derail Your Sale

The majority of home buyers request home inspections when making offers, and it’s common to have a couple items to address after the inspection. Some homes, however, require more than just a couple small repairs for sellers to make it to closing successfully. 

While a bad home inspection might sound like a nightmare that could easily send buyers running for the hills, often it’s a manageable (and even preventable) situation. 

Read on to learn about some of the common reasons home inspections go awry, as well as some ways to prevent a bad inspection from affecting closing day. 

What qualifies as a “bad” home inspection? 

Home inspections aren’t really pass/fail, but having larger issues or several issues could qualify your inspection as a “bad” one. Some of the more common issues uncovered during home inspections include: 

  • Roofing issues such as leaks and water spots, missing shingles, or other damage
  • Foundation settlement, which can cause foundations and walls to crack, lead to basement water damage, and so on
  • Plumbing problems including leaky pipes, which can lead to other issues such as water damage and mold
  • Electrical issues, perhaps as a result of incorrectly wired electrical panels
  • Pest problems including termites, vermin or creepy crawlies 

Of course, there are several other items that an inspector may flag—your windows and doors may require repairs, dangerous asbestos and lead paint may need to be removed—and the list can go on.

If these or other issues come up during your inspection, don’t panic! Barring significant foundation issues, a buyer who’s interested enough to make an offer on your home will likely want to find a way to keep the real estate transaction moving. How can you and the buyer find a solution? There are three popular options.

What to do after a lackluster inspection

After your inspection, you’ll want to have a conversation with your Realtor® about the best way to move forward. Based on the extent of the problems discovered during your inspection, your selling price, and other factors, they’ll advise you on the best strategy to prevent delays to closing. 

Strategy #1: Do repairs 

36% of buyers request the completion of repairs before closing. As such, you should be prepared to take care of reasonable requests, including those that, if not fixed, pose safety hazards (e.g. a battered roof or non-compliant electrical panels). 

If your buyer prefers for you to tackle the inspection items before closing, it’s generally good to try to address them. If you choose not to do them and your current buyer walks away, you’ll have to disclose the findings from your inspection to future buyers as well. 

When it comes to how to get the necessary repairs taken care of, Curbio is the best option for post-inspection repairs. We were built for real estate, which means we understand the sense of urgency, and can prevent unnecessary delays to closing. We’ll get you an estimate the same day you provide us with your inspection report and repair items, and we can get started immediately. Not to mention, we also complete jobs more efficiently because our Project Managers expertly see to every detail. 

Strategy #2: Offer repair credits

If the repairs are minor, you and your agent could offer buyer credits as an alternative to the repairs. Instead of paying out of pocket for the work, the cost is covered using the proceeds from the sale of the home. 

Fortunately, Curbio also works with recent buyers to tackle pre-move-in repairs and improvements. Ask your Realtor® to share information about Curbio to give your buyers peace-of-mind, knowing they can get any necessary work done quickly, before they move in (or even while they’re living in the home). 

Strategy #3: Sell as-is at a lower price 

Last but not least, you could re-negotiate the price with your buyer to account for the necessary repairs. This is a good option if you can’t afford any risks or delays to the transaction. The majority of today’s buyers want to avoid buying homes that need work. So, just like if you choose to offer repair credits, informing your buyers about Curbio could help your buyers feel more at-ease with buying a home that needs a little work.

The value of pre-listing home inspections and improvements

If your inspector has a list of items to address, it doesn’t mean your buyer will walk away. In fact, you have several options to prevent the deal from falling through. If you’re just starting your home sale process though, and haven’t yet received any offers, we often suggest getting ahead of repairs to avoid any risks to your transaction. You can do this by:

  • Ordering a pre-listing inspection so that you’re not caught off guard by any significant problems after your home is put on the market
  • Having pre-listing home improvements taken care of to appeal to a broader set of buyers, increase the value of your home, and, ultimately, help you sell quicker

Ask your real estate agent how you can work with Curbio to streamline the completion of any home improvements and repairs before closing!