The second reason a seller should get a home appraisal: Seller knows what needs fixing to make the house show better and more likely to pass inspection.
Too many sellers are passive. They wait for a buyer to make an offer on their home, then wait for the home inspection, then try to have to do as little as possible to the home once the inspector gets through inspecting it.
Intelligent sellers will want to know what needs fixing. They're less likely to get a buyer trying to argue for money at settlement due to repairs. So they have their home inspected, then spend their money to get what needs fixing, fixed.
Then there's the moral question of do you want to sell a defective product. Once that home goes on the market.
People don't want to spend the money on an inspection because they think it's a cost to them. It's an expense, but it's also an investment in the sale. I'm not an accountant, but I believe that it's deductible if it's part of the sale.
I'm trying to educate buyers and sellers about real estate. Is this helping?
For my thoughts on entrepreneurship, go to www.hatman2.blogspot.com. I have some other blogs though.
Go to www.byandforwriters.blogspot.com if you would like to get a short story published.
For tips on writing and to read my book for free go to www.kearneymusicschoolmurders.blogspot.com.
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