Failing to pass a home inspection

Finding a buyer for a home isn’t always quick or easy.

  • Getting an offer from a potential buyer isn’t without risks of falling through.

There are key components that need to be addressed, including the home inspection. A home inspection is a professional assessment of essential systems, including HVAC, foundation, electrical, plumbing, roofing and assorted interior and exterior features. The inspector verifies that appliances work properly. They check areas for damage and look for possible safety hazards. Specialized equipment is often used to detect electrical concerns, poisonous materials and moisture. The findings of the home inspection determine whether the property qualifies for financing. The inspection ensures that the buyer and lender are making a sound investment. Typically an offer is contingent upon the home inspection. Major problems can require repairs and can be the reason the deal never reaches completion. The roof is a common cause of frustration for homeowners looking to sell. Even if the roof is in good condition and shows no sign of leaking, it may fail to pass an inspection simply because of its age. The roof protects the interior of the home from the elements. Inspectors look for missing shingles, missing flashing, damage to shingles and indications of water damage. They check for sagging or weak spots. A new roof is a large investment, time-consuming and messy. The roof is the responsibility of the seller. No one wants to pay for a brand new roof on a house they are anxious to move out of. A way around this concern is a cash sale. More and more homeowners in Arizona are opting to sell their properties for cash. Rather than deal with a real estate agent, fees, inspections, code violations and repairs, they walk away in less than ten days with the full amount.

 

 

cash for tenant occupied property