Home inspections not just for buyers anymore

When most people think of home inspections, they think of buyers wanting to ensure that what they purchase isn't coming with any unexpected problems. In today's market, however, a growing number of sellers are employing the expertise of professional inspectors before they put their home on the market, bringing peace of mind to the buyer and making sure there are no last-minute surprises for the seller. While it sounds like a win-win for the buyer and the seller, both parties must understand each side.

“Home inspections, although not required by law, are highly recommended for both buyers and sellers,” said Jim McEneaney, senior regional vice president of Coldwell Banker Residential Brokerage. “A property that is inspected in advance validates the seller's asking price and gives buyers confidence in the quality of the home.”

Inspect the inspector. When searching for an inspector, be sure that the company you choose has professional affiliations, such as the National Academy of Building Inspection Engineers and the National Society of Professional Engineers. Organizations like these accept only licensed, professional engineers.

Share the costs. It is possible that city building codes have changed since the home was last on the market. If certain aspects of the home's structure or systems are out of date, the buyer and seller may want to share the costs of updating and repairing any flaws before closing.

Comfortable closing. A good inspection sets the record straight about all that's right or wrong with the property for both buyer and seller, making for a smoother and faster closing.

As a buyer, tag along. If the home hasn't been inspected, take advantage of this experience as the inspector can explain the home's systems and how they operate. The inspection process can cover a checklist of more than 300 items. Seek advice on how to use and maintain a home's equipment to keep it in top shape.