Whether you are buying or selling your Conroe home with a traditional sale or a short sale, a home inspection is a top concern for both buyers and sellers. In the traditional sale, the home inspection is typically performed at the beginning of the sales contract, but this is not always true for short sales.

As a seller who has selected to sell their home through short sale, you can request to not perform the home inspection until the bank or mortgage holder approves the sales offer. This way if the offer is rejected by the bank or mortgage holder, the buyer has not lost any money on the cost of the home inspection. Keep in mind with this option the length of time to close on the home is extended waiting on the home inspection, and the buyer still has the option to walk away if they do not like the results of the home inspection.

Performing the home inspection at the beginning of closing provides the seller and buyer with vital information about the home to help with preparing the final offer given to the lender. In short sales, the seller typically does not have the income to make the repairs and the buyer uses the home inspection results with the lender to settle on a purchase price. When the home inspection is present at the beginning of closing, the buyer knows the information up front and makes the decision to still purchase the home before sending the offer to the lender, which reduces the amount of time waiting in the closing process.

The last option for sellers of short sale homes is to up-front state the home is selling as-is. This option is preferred if the seller knows there are repairs such as a new roof and the seller cannot afford to make the repair. Selling the home as-is shortens the closing process even more by not having to schedule or wait on the home inspection. In cases where the seller is approaching foreclosure, this is the preferred option. Selling the home as-is reduces the number of unsure buyers as the buyer is aware upfront they will be responsible for all repairs on the home.

The decision to sell your home as a short sale is a big decision, and I am here to help and answer any questions that you may have. We can review your options together, so you can make the best decision for you and your home. You can contact me, Laura Austin at (281)789-2911 or (936)321-2977 or email Laura@RealtyTx.net. To find out more information on short sales and avoiding foreclosures visit my website.