What Is a Home Inspection?
“A home inspection is an examination of the condition and safety of a piece of real estate, often conducted when the home is being sold. A qualified home inspector will assess the heating and cooling system, water and sewage systems, other plumbing, and electrical work, and look for any potential fire or safety hazards.” -Investopedia
Inspections and Repairs Are Popular Again
During the housing market frenzy of the pandemic, many buyers waived inspections to be more competitive with their offer. However, a recent Realtor.com survey found inspections and repairs are becoming popular again.
- 95% of buyers are requesting home inspections
- 96% of sellers are making some updates or repairs prior to listing
- 67% of buyers are asking for repairs as a result of the home inspection
- $14,163 dollars is the average amount sellers spend on repairs prior to listing
Some highlights: The inspection is a major part of the home selling process. Many buyers used to waive inspections to be more competitive with their offer, but recently, inspections and repairs are becoming popular again.
Connect with a trusted real estate agent so you have an expert on your side who can help you determine the repairs and updates your house needs before you sell.