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Biggest problems found in home inspections

By: Kelly Leighton on in

What are the biggest issues found in home inspections?

Roofs were the top cause for concern at 19.7%, followed by electrical issues at 18.7% and windows at 18.4%, according to porch.com. Other top issues included gutters, plumbing, branches near the roof, fencing, the water heater, driveways and sidewalks, air conditioning and exterior paint. And 46% of buyers used these results to negotiate a lower price on their home, as some of these fixes are costly.

On average, the most costly issues for sellers are a problem with a heater, which lowers the home price by $1,250 on average, while a problematic roof lowers the cost by $1,000 on average.

Eighty-eight percent of homebuyers used a home inspector on their property purchase. Most buyers (83%) used an inspector because it was required by their mortgage lender. However, it was probably in their best interest, because more than 80% of home inspections found at least one issue that needed fixing.

The average cost for an inspector was $377, with the buyer paying for it in 80% of cases. Nearly three-quarters of respondents said they only considered one inspector, while 3% considered five or more. A recommendation from their Realtor® was enough for 58% of people to hire a specific inspector, while 14% relied on a recommendation from a friend or family member.

The report found that using information from the home inspection report, along with possible other factors, saved buyers $14,000 on average, with 37.7% using their Realtor’s® suggested offer. About one-third said they used the estimates from the inspector to negotiate a lower buying price, while 33.6% sought out the cost of repairs for each inspection issue and offered a revised price based on that.

When a Sale Is Terminated, What Happens to That Inspection?

The Pennsylvania Seller Disclosure Law requires sellers to disclose known material defects of a residential property to potential buyers, but it does not matter how a seller learns of that material defect. This includes material defects identified through a buyer’s inspection when the transaction does not ultimately close. In this situation, the seller’s property disclosure must be updated.

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Home inspection specifications

According to anecdotal evidence I’ve collected, the inspection period is one of the most anxiety-inducing times of a residential sale. There are so many factors involved, from timelines to multiple outside parties, and don’t forget that once the inspection is finished negotiations can start all over again. A home inspection can make or break a […]

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