In this edition of the Utah Real Estate Podcast, we talked about:
- The purpose of home inspections
- Your house’s warts
- Disclose, fix, and be truthful
- The breathing parts of your house
- The $125 home inspection report
- What is checked during a home inspection?
Press the ‘PLAY’ button to listen to Utah Real Estate #19: Home Inspections
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If you’re looking to buy or sell a house in Utah, please call or text me (Patrick Wiscombe) at (801) 874-7717.
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Cool Voice Guy: Its real estate news you can use, this is the Utah Real Estate podcast, giving you free expert advice, and tips if you’re looking to buy or sell a house, and now, here are your hosts, Roger Zundel and Patrick Wiscombe
Patrick Wiscombe: The Utah Real Estate Podcast is brought to you by Weichert Realtors at the Rockies. If you are looking to buy or sell a house in Utah, please call Patrick Wiscombe at area code 801-602-5850. That number again area code 801-602-5850.
Patrick Wiscombe: It’s the Utah Real Estate Podcast, my name is Patrick Wiscombe. Good morning! Coming up on today’s edition of the Utah Real Estate Podcast we’re going to be talking about home inspections and why they are required. Joining me for the podcast is Greg Hales, the Commercial Real Estate Manager at Weichert realtors at the Rockies. Good morning.
Greg Hales: Good morning.
Patrick Wiscombe: Yesterday we talked about appraisals and why appraisals are so important to the whole process; essential really. Why does someone have to get a home inspection when buying or selling a piece of real estate?
Greg Hales: I don’t think you can disclose too much when you are selling a piece of property. We live in a litigious society. We want to make sure when we buy or sell something that everybody knows exactly what we are buying. If I were to sell you something, I want you to know everything about it. That’s basically what a home inspection is. It allows the buyer to know everything about the home that you know. For all of your listeners out there, I want to pass on a little bit of advice. Don’t be afraid to disclose the warts on your house. Everybody needs to make an informed decision. You don’t want to sell something and have someone have a letter from the law firm in your box thirty days after you sell the house because they didn’t know about it. Please take the time, expose it, and discuss it. This reminds me of a home we sold. We had a dishwasher line break and it flooded a lot of the upstairs and part of the downstairs. We go to sell it and on the inspection sheet it asks if we had any floods. The answer would be no, but in the box below I filled out, “Dishwasher line broke, caused water damage.” The inspector came back and said, “Whoa, this thing has had water damage!” Don’t be afraid to let those details come out. Subsequently we did sell the house because we were up front with them.
Patrick Wiscombe: So just be completely honest?
Greg Hales: Yes. The other thing that everybody gets nervous about on a home inspection is if they find something, they’re going to ask you to fix it. Mostly it is up to 500 dollars that you might be required to fix that thing in the house. At that point in time it’s up for negotiation. As an example, if the roof has got big holes in it and you’ve specified that there aren’t any, or as another example, the furnace is twenty years old and you said it was two years old. Those things will have to be discussed and negotiated with you and your agent with the buyers.
Patrick Wiscombe: The home inspection would include the air conditioning, assuming it is there, the furnace, to make sure it is in working order, and also the roof, to make sure there are no leaks in it. I’ll call these the breathing parts of the house. Is there a way to check those types of things without climbing into the attic?
Greg Hales: I know sometimes money might be tight or it’s a little difficult, but you can find a home inspector that’ll give you a pretty good idea without doing a full report for probably less than 100 dollars, maybe 125. If you really want to be prepared to sell your home, I would hire one of these companies, let them walk through your house and let them give you an idea. If there are some issues, it’s going to come out in a report. At some point and time, they may be able to do the full report for you. It just helps you prepare prior to selling your home. It’ll make it go so much smoother; there won’t be any surprises for you.
Patrick Wiscombe: Just quickly as we start wrapping up here, any other things that a home inspector looks for?
Greg Hales: There are two other things that are somewhat applicable in Utah. They’ll do a rate on gas test. It doesn’t have a good connotation. It’s something people get nervous about. There are ways to mitigate it if you have to. They will also do flood or water damage if they see evidence of water damage around your home or the possibility of it. Those are two things that come up and as you mentioned, the HVAC, the roof, and the plumbing are three of the big ones.
Patrick Wiscombe: It’s really in your best interest whether you’re buying or selling to disclose and get that information.
Greg Hales: Absolutely. It should be at the top of your list. There will be more homes that don’t close because of a lack of a good inspection or a lack of disclosure. You certainly don’t want to get down the road 30-45 days and then say, “Oh, well they’re not going to buy it now because we didn’t tell them about the leaky roof.” Wouldn’t you rather have that discussion and say, “Great, I’ll either credit you or fix it,” rather than start over after 45 days. That’s my point. If you’re really going to try and sell it, disclose as much as you can, fix what you can, and then have open discussions. Your realtor will be critical in that open discussion with the buyer and their agent.
Patrick Wiscombe: Alright, we’ll go ahead and wrap up today’s edition of the Utah Real Estate Podcast. Greg and I work very closely together. In fact, he and I are partners when it comes to buying and selling properties. If you are looking to buy or sell a piece of real estate within the state of Utah, you can call or text me. My phone number is area code 801-602-5850, 801-602-5850. So for Greg Hales, the Commercial Real Estate Manager at Weichert Realtors at the Rockies, my name is Patrick Wiscombe. Thanks for listening. We’ll talk to you tomorrow.
End Cool Guy Voice: Helping you buy or sell a house, this has been the Utah Real Estate podcast, with your hosts Roger Zundel and Patrick Wiscombe, sponsored by Weichert Realtors, and heard exclusively on attherockies.com