FSBO Seller’s Home Inspection in Louisiana

FSBO Seller’s Home Inspection in Louisiana

When selling your home yourself, without a real estate agent, you have more to do. You may think that getting the home inspected is an item you can skip with everything else you have to do. In reality a home inspection can be your best decision when selling the home yourself.

Having your Louisiana home inspected allows you to see the home through the eyes of a third-party. This can be a great aid in preparing to sell, showing and selling your home.

A home inspection can help you to price your FSBO home realistically (which will help it sell faster).

You’ll know in advance any repairs that are needed and can have the repairs done before selling. If they are repairs you can do yourself it can save you money. Even if you need to hire a contractor for the repairs you can still save money because you have time to shop for the right contractor at the right price.

Most likely your buyers are going to have a home inspection done. The defects you find during your inspection (and get repaired) can prevent those defects from becoming stumbling blocks when you have a prospective buyer ready to buy.

Having a home inspection done prior to selling the home yourself may relieve the concerns and suspicions of buying prospects. In fact, the buyer may even choose to waive the inspection contingency.

It gives you the ability to add a professional supporting document to your disclosure statement. Provide copies of the report to potential buyers.

In an article on “Tips on what to do Before Putting a Home on the Market”, ForSaleByOwner.com says:

Schedule a Home Inspection: A professional home inspection will provide a seller with a comprehensive report on the home’s condition. Not only will the report serve as a guide to help the seller determine what repairs to make, but prospective buyers will have more confidence making an offer because the report will tell them the condition of the house.”

Elizabeth Weintraub on About.com says in an articled titled “Negotiation as a For Sale By Owner”:

“When selling as a for sale by owner, it’s prudent to obtain your own home inspection before putting the house on the market. This way you know what is wrong and can fix it or otherwise address it. Plus, you can give the buyer a copy of your home inspection, which the buyer might accept in-lieu-of hiring another inspector.”

Elizabeth Gehrmann, Special to the Boston Globe Magazine, wrote an article called “Sell It Yourself and Save”. In it she quotes Stephen Bremis of Bremis Realty speaking of why it is important to include deadlines for inspections in your FSBO contract:

“This is part of the reason, Bremis says, you should make sure your purchase and sale agreement includes deadlines – for the inspection, the mortgage application, the mortgage commitment, and so forth. This contract, he says, is “the nuts and bolts of the deal. It sets the framework for the transaction.” In addition to a general inspection, separate inspections can be done for mold, pests, lead, and radon; make sure the buyer gets any of these he wants done in a timely manner. “Otherwise he could do it a month later,” Bremis says.”

Morgan Brennan writing on Forbes.com says in his article “Cut The Middleman”:

“You might also pay for a home inspection in advance ($400 to $700). The inspection will alert you to any problems that could provide buyers with negotiating leverage or sidetrack a sale.”

MONEY Magazine’s article “How To Sell in Tough Times” says:

“…hire an inspector to identify every problem with the home, even seemingly minor issues such as dripping faucets, and fix them. “If an outlet doesn’t work, why get the buyer wondering what else is broken?” asks Beth Foley, an associate broker in Holland, Mich. Tell your realtor to give anyone who tours your home a copy of the inspection report and your list of fixes.”

Greg Healy, vice president of operations at ForSaleByOwner.com makes an important point:

“The last thing you want as a seller is to be surprised,” says Healy. Get a professional home inspection done early so you can identify problems that are almost certain to be discovered and have time to fix them. Even if you don’t fix them, you can incorporate the knowledge of any problems into your pricing, Healy adds.

What to do next? Call: 337-326-5772

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