Can a home inspection kill a home sale?
Today I'm going to be talking to you about five home inspection red flags that can kill a home sale.
1 – WDOs. Which basically means termites or other wood destroying organisms; any kind of pests. This is especially an issue for those who are trying to qualify for a VA loan. If there's evidence of WDOs on a property, the VA will not grant the loan.
2 – Drainage issues. If there are drainage issues in or around the exterior of your home, there may also be evidence of wood rot or mold. These are issues that will have to be repaired before the loan can be cleared. Have an inspector check out your property and explain any drainage issues and tell you how you can repair them.
3 – Mold. Mold is really common and it can usually be kept from spreading with regular ventilation. But if mold is left unattended, it can spread and then it becomes a bigger issue. I always make sure to keep your home properly ventilated to prevent any mold issues.
Number four, foundation issues. Seeing cracks in your walls or in the actual concrete on the exterior of your home could really be a problem and foundation repairs are usually very expensive. Have your home inspected thoroughly before listing it if you suspect that you have a foundation issue.
5 – Wiring. Outdated wiring, particularly aluminum branch wiring found generally in homes that were built between 1970 and 1973, are usually cited. Also, if you have any overloaded or damaged circuits that can also pose a fire hazard, those will also be an issue to address. Home inspections generally give a home buyer an opportunity to uncover any hidden issues of a home before they complete their transaction, but they can also be a tool for sellers to get in front of any of those issues and get them repaired before listing their own per sale, which will help your home sell faster and for more money.
Hope you found some great value in these tips and if you did, please like, share and subscribe. My name is Jodie Cordell and I'm with Spence Properties. And just remember, it's my mission to help you live where you love and love where you live.home
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