The inspection contingency in your sales contract is an unpleasant reality involved in a traditional real estate transaction. Many Yonkers home sellers fear the unknown of what lies behind their walls or under their floor. The best practice for home sellers is to have an inspection done before putting their home on the market. However, we will now explore what Yonkers home sellers should do after a poor property inspection if you’re in this situation.
Reinspect
It may be possible that your report is incorrect, as inspectors have faced lawsuits for inaccuracy. However, what if you find yourself questioning the inspector’s professionalism after getting a poor property inspection? It is always recommended that Yonkers home sellers ask for recommendations for a highly reliable inspector from a trusted real estate expert like the professional investors at Astor Lane Homes if they received a poor property inspection. Since direct buyers work with a team of respected experts from every walk of the real estate industry, they can easily guide you to a reliable inspection professional. This team may be ready to jump into action, as it is their goal to help home sellers solve their problems in a time or financial crunch. Since a professional investor outlines everything that goes into calculating an offer, if the second inspection report should come out with poor results, a direct buyer will buy your home as-is and provide you with a fair offer that takes into account the realistic expenses for each issue.
Renegotiate
After a poor property inspection, Yonkers home sellers may have buyers that will still go forward with the sale. How the buyers choose to do so is largely dependent upon the overall terms of the deal. Concessions may be an option; perhaps the buyer has interest in a piece of furniture, large appliance, or other valuable possession you have that can be included to save the sale. While it may be a painful sacrifice, you may have to consent to the demands to keep your deal moving forward. Another option is that the buyer requires you to complete any repairs out of pocket before the sale moves forward. Often, sellers find themselves in a quandary, knowing most repairs will increase value but lack the funds or personal fortitude to go through living in a construction zone. However, buyers often go overboard with what they want, feeling they have the upper hand. They may not be aware that you have a quick alternative available like selling to direct buyers at Astor Lane Homes who will provide you with a no-obligation offer. This can often help you sort out the reasonable requests from buyers who have crossed the line in their ridiculous demands.
Reconsider
If your worst fear should happen and your buyer backs out, then you should seriously consider changing course with your sales method. Maybe you just don’t have time to resolve the flaws laid out during the inspection, or don’t have access to the finances the repairs will require. In the meantime, because the disclosure process includes providing any known defects to the next buyer, when Yonkers home sellers have a poor property inspection, unless you are willing to put in the time and money to make all of the repairs, you will need to sell as-is. Your buyer pool may now be limited to a select group of buyers who are willing to take on your problems. If this is the case, a traditional listing with known faults usually lingers on the market. The longer a home sits on the market, the less appealing it becomes to most buyers. This can lead to less money in the seller’s pocket or a price decrease on the listing. Time also costs you money with each passing month and the bills continue to pour in. While your property was already listed, the days are adding up as you work with your buyer, leaving you in a less than favorable position. When offers come in, buyers will seek bargain deals and typically make low offers. Direct buyers want to see you get a fair price, so why not avoid the emotional roller coaster of waiting and being disappointed. The best part is your closing could be in as little as seven days. Why not reach out for a no-obligation quote from a professional investor like those at Astor Lane Homes.
Are you dreading the outcome of your home inspection? Why not just skip the numerous concerns of a poor property inspection and sell directly to Astor Lane Homes! We welcome you to contact us and share all of your concerns. At Astor Lane Homes, we take the time to listen to you and help save more of your money for you! You can rest easy when you work with the direct buyers at Astor Lane Homes, who offer solutions for any situation. Yonkers, home sellers can avoid all of the stress and hassle accompanying a less than adequate property inspection by calling Astor Lane Homes at (914) 266-0055 or sending us a message today.