Getting an offer on your home is a great feeling. You’re one step closer to selling your Las Vegas property and moving onto the next chapter in your life. But you still have a lot to go through, and that includes a comprehensive inspection.
Most real estate contracts have a home inspection contingency that allows buyers to negotiate their offer, request repairs or even back out of the sale. While flawless home inspections are essentially unheard of, there are some problems that can spell trouble for a quick sale. You may be asked to make repairs, issue a credit or find a buyer who is willing to purchase your home as-is.
Below are five things home inspectors look for that can lower your market value.
1. Water Damage
When water gets into the home, it can cause a wide range of problems such as mold and mildew, structural defects, plumbing issues and stains. In cases of minor damage, you may be able to issue a credit to the homebuyers. Major issues will need to be addressed. No one wants a home with water damage – unless it’s cash buyers in Las Vegas.
2. Roof Damage
A strong roof is essential because it protects the home and keeps it cool in the hot desert sun. A roof can last for 25 years, but you should have it inspected every year. This allows you to fix small problems as they come up. If your roof is damaged, you can talk to your realtor about lowering the price because a full replacement will cost a lot out of pocket.
3. Plumbing Problems
Remember, water damage is one of the worst problems a home can have. Even leaky pipes are a serious issue because they run up the water bill and develop mold and mildew. This is why home inspectors pay close attention to the plumbing. However, redoing your home’s plumbing can cost tens of thousands of dollars.
4. Foundational Problems
Any type of structural issue is a cause for concern because it means the home is compromised. These problems are more common than people realize because the soil around the foundation causes the walls to expand and contract, creating cracks and pathways. Understandably, buyers want a sound foundation, so expect to fix this in a traditional home sale.
5. Old Wiring
Electrical problems are a top cause of house fires. Due to the risk of injury and property damage, home inspectors make buyers aware of any potential electrical problems. If any are found, you can pay an electrician to come out and fix them. Be prepared for this expense, as whole-home rewiring can cost tens of thousands of dollars.
If a home inspection turns up a lot of big, expensive problems, you do have another option: sell your house for cash in Las Vegas. This way, your property will be sold as-is and you don’t have to worry about making repairs or getting things up to code. For a free, no obligation cash offer, contact We Buy Any Vegas House today!