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Home inspections: Sell your home faster and avoid foreclosure

As someone looking to sell your home to avoid foreclosure or even as someone who may wish to purchase a foreclosure in South Carolina, there's something you need to know: a home inspection is vital to the transaction. Why? With the right home inspection, you know what needs to be repaired and the condition of the house as a whole.

Knowing the value of the home is important. As a seller, you want to ask for enough to pay off your home, mortgage and debt. As a buyer, you want to know that the home you're buying is in good condition and worth the money you're spending.

Having a home inspection and that paperwork present when potential buyers come to see your property can help you make a sale. Keep information on how much repairs could cost. Keep information on recent repairs, new appliances or other warranties for the home. These items can be worth their weight in gold, helping you sell the home in less time.

If you're buying a foreclosure, there's a good chance it's been empty for some time. Vacant homes can degrade quickly, so having a home inspection can save you a lot of trouble. You'll know exactly what's wrong with the property, so you don't buy something that costs more to repair than to own.

Home inspections go both ways. They help buyers and sellers make the best of a real estate transaction. For those looking to make a short sale or to sell their homes in lieu of a foreclosure, this simple process could be one way to help seal the deal and sell your property.

Source: Montana Standard, "Check it twice: A professional home inspection is a must for buyers" Erik J. Martin, Feb. 24, 2015

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