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Sunday, November 25, 2007 

Miami Housing Market: Home Inspections - Vast Expectations

In a slower Miami housing market, buyers are not eager to take risks, and therefore are less willing to purchase houses with problems. The reason is that buyers are less disposed to repair damages, even minor ones, after they buy a house.

Whatever needs to get fixed has to be repaired before the house goes on the market. That implies that sooner is better than later because with a slowing Miami housing market, the first house on the block that is listed for sale has an upper hand in the competition.

Sellers usually miss many of the things that will capture the attention of the buyer when they do get a house ready for sale; especially the home inspector or other professional that a buyer employs to make a point that the house he or she is purchasing is worth the dollars being spent.

A possible way that one might get around such trouble is obtaining a pre-inspection before listing a house for sale on the Miami housing market. This would ensure that all the minor details a buyer may notice will be covered, especially for the reason that homeowners usually overlook these details by forgetting to see their homes through a buyers lens. What this entails is taking a professional home inspector into service in order to come up with a list of stuff that the buyer's inspector might hit upon after the house is on the Miami housing market. Taking an action of knowing these beforehand might render the chance to correct them in advance, thus causing the transaction to proceed much more smoothly. Furthermore, you would be virtually ensured that your asking price won't be cut down because of roof replacements or a new heating and cooling system, for instance.

Nevertheless, depending upon where they are coming from, two inspectors could view your house in completely differently ways, and their lists could have just a few similarities as a consequence. For example, one home inspector that a first home-buyer may notice mold behind a wall in the second-floor bathroom and the condition of a roof that calls for replacement, while another home inspector hired by a second buyer may notice the mold as well but sees the roof to be in pretty good shape. This is a very typical example, and one that admonishes the seller of the different opinions that could arise from different home inspectors. Therefore, even if hiring a home inspector your own home inspector to check up your own house, it does not necessarily follow that he sees the same faults as another inspector that a prospective buyer might employ does. Two different sets of eyes don't necessarily see the same thing. Although hiring one for yourself can give you a worthy guide to start working on the aspects of your home that obviously does need some fixing.

Real estate agents are generally polarized with regards to their opinions about pre-inspections. Some agents do not encourage this idea, but other do because it means that sellers can get a head start on the problem and get the house quickly sold on the Miami housing market, which is becoming a buyers market as of the latter part of the third quarter of 2006.

The decision of having a home pre-inspected is up to the seller. In the case of the Miami housing market, buyers are getting quite picky about houses and are taking more time to decide and choose. With inventories and interest rates on the rise, buyers are starting to hold on tightly to every dollar before they spend it.

Earl Juanico www.miamirealestateinc.com

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