3 Home Inspection Items That Scare Off Traditional Buyers

Thinking of putting your home on the market? If you need to sell your house fast, be sure to inspect these three items first! If they come back on an inspection report, they are sure to scare off would-be buyers. Even if you’re already under contract with an earnest money deposit waiting in escrow, the buyer could still walk away with their deposit if they are within their inspection period.

Knob and Tube Wiring

Much of the housing inventory throughout eastern Pennsylvania was built prior to 1940 when knob and tube wiring was standard practice for wiring buildings for electricity. Even though it’s likely that your electrical system has been updated, many homes still have remnants the old and sometimes dangerous system. Even if your home now operates with 100 percent conventional electric, any visible evidence of knob and tube wiring will likely end up on the inspector’s report. Traditional buyers may view this as potentially hazardous even if it poses no real threat.

Old Roof

When was the last time your roof was replaced? If you’ve owned your home for more than 10 years and you’ve never replaced the roof or performed regular maintenance on it, there’s a good chance this will come up on the inspection. For the average buyer, replacing or repairing an outdated or failing roof feels intimidating. Unfortunately, investing in a new roof before selling your property won’t necessarily add value to the home’s sale price.

Structural Repairs

It goes without saying that visible cracks in the foundation or in the walls throughout your home will raise red flags for anyone touring the property. However, a home inspector may pick up on something that you may not have noticed even if you live in the house. This could be anything from a bowing exterior wall to an elevated moisture reading in the corner of your basement. No, the home inspector is not an engineer and he likely has little knowledge of what’s potentially causing the problem. So his report will probably advise the buyer to consult a structural engineer and may even list a large and expensive range for the cost of repairs like $10,000-$40,000.

The reality is that home inspectors play an important role in traditional home sales. It’s their job to call out potential hazards and expensive repairs for the buyers that hire them, and they could be liable if they miss something. That’s why a home inspection on an older home (or a poorly constructed newer home) will often list pages of potential issues.

For property owners who want to sell without the anxiety and frustration of home inspections, Fulcrum Home Solutions can help! We buy properties as-is even if they’re in need of major repairs. No matter your personal situation or the condition of your property, our team can make you a pressure-free cash and we can close quickly if needed.

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