Step
6. Home inspections
All standard real estate contracts are going to give the prospective home
buyer the right to inspect your property - so be prepared. Under a general
inspection
you are obligated to make major repairs to appliances, pluming, septic, electrical
and heating systems - or the buyer may cancel the offer. The inspection will
also include your property's roof, as well as a termite inspection (in some states,
house sellers must provide proof that the home is termite free).
If you
are concerned about how your home will fair when inspected, you
may want to visit your local inspector. They can conduct an inspection
for you before a potential buyer has one done. This way, you
can address the problems before a buyer stumbles upon them.
Once the inspections are complete, the buyer makes an application
to a mortgage lender.
