Presale Home Inspections and Radon Testing
Several weeks ago, I touched on having a home inspection before marketing your home for sale. Since that time, I have had several calls from potential home sellers asking additional questions. Therefore, I felt it would be helpful to give more details about this topic, well as discussing Radon testing.
During the offer and negotiating stage, most often, sellers are so focused on selling price and closing date that they lose sight of smaller details. However, the home inspection process and findings, can end up being the largest deal breaker. It also can be seen, from buyers’ eyes, as a chance to renegotiate the selling price. The intention of “buyer agents” to get the best deal for their client vs. what is really stated in the home inspection paragraph, often times, can be two very different positions.
Obtaining a home inspection, before actually listing your home is most beneficial. This allows you time to get several quotes on all repairs needed and to make a calm decision. It also gives you the time to have the work done more casually vs. being “under the gun”. Some home inspection items could also fall under appraisal issues. So, you can kill two birds with one stone.
A new roof needed or the replacement of HVAC can impact a list price. However, if the home is already listed and the inspection comes later, homeowners are stuck with quick decisions, less time for quotes, or even facing the decision to let the sale go, as opposed to losing money on improvements. An inspection costing three to four-hundred dollars is a small comparison to the cost of aforementioned needed replacement items.
Radon today is a huge issue in our area. Windsor Hills, in the city of Lynchburg, rates high for radon, locally, as well as state and nationally. This is just one example of a location. Also a home placed near water and / or rock can achieve a high reading. Water and rock allows more radon seepage from the earth, naturally causing higher levels of radon.
Homes on crawl spaces or slabs are certainly not radon free homes either. Many homeowners think you have to have a basement for high levels of radon, but you certainly do not. Radon testing can also be a smart maneuver prior to placing your home on the market. This cost is normally about one-hundred-fifty dollars for testing. Remediation is not complicated and normally ranges $800.00 to $1200.00. So ,being proactive in both of these areas, is a smart move, prior to marketing your home!