Selling your home is an exciting experience. Because home sales involve the exchange of a significant amount of money, lenders are picky about the quality of roofs, floors, and other features. To avoid hiccups, it’s important to prepare for your sale ahead of time. If it turns out that major repairs need to be done on your roof, the buyer may try to renegotiate a better deal.
As a part of the selling process, your home will go through an escrow home inspection. Often, buyers have inspection contingencies that allow them to pull out if there are major issues revealed in the inspection. Because of this, you should ensure your roof, appliances, and other home features are in good condition before the inspection takes place.
What Happens During an Escrow Home Inspection?
After a purchase agreement has been signed by a seller and a buyer, the home goes into escrow. During this stage, a home inspection will generally be completed. Once the appointment has been made, a home inspector will come to your home and inspect every part of it. Because of how extensive this inspection is, it typically takes multiple hours to complete.
After carefully examining the outside of the property, the inspector will look at your interior walls, ceilings, windows, doors, and floors. They’re looking for loose tiles, signs of mold, and similar issues. Additionally, they will see which appliances your home is equipped with and if there are any major problems.
If you have chimneys or fireplaces, these areas will also be inspected. Attics and basements will need to be checked for leaks, insulation damage, and ventilation issues.
As a part of the inspection, the inspector will look at your roof for signs of damage. For example, they’ll take photos of loose tiles, mold, water damage, and broken gutters. While the sale can still go through if there is damage, buyers will often renegotiate for repairs or a lower price.
How Does Your Roof Impact an Escrow Home Inspection?
At F S Roofing LLC, we have helped Traverse City residents prepare for home inspections by providing them with the best quality roofing repairs. Our experienced team members can help with roof replacements, storm damage, shingle roofing, and more. If you’re worried about your roof passing an escrow home inspection, we can inspect it and tell you if there are any signs of damage.
If your roof ends up failing the escrow inspection, the buyer’s mortgage financing will likely fall through. While some buyers will just walk away from the deal, they may request repairs instead.
Even if the offer falls through, you will still need to make repairs to your roof. Lenders won’t give funding for a house that is falling apart, so the next buyer will also need to get the roof repaired before they can get approved for the mortgage.
What Types of Roof Problems Can Make Your Home Fail Its Inspection?
Most home inspectors have similar checklists that they use during each inspection. First, they’ll see if there are visible indications of damage. For example, missing shingles, loose flashing, sagging spots on the roof, moss, mold, or broken gutters are all obvious issues. Any structural problems or termite damage can also cause your home to fail its inspection.
As they inspect your home, the inspector will search for signs of water damage. They will pay attention to water stains on your ceiling and condensation inside the building. Additionally, musty smells are another indication of mold and water damage. Because water damage can easily cause thousands of dollars in structural and cosmetic repairs, banks won’t loan money if they think that there is a roof leak.
Get Help Fixing Your Roof Today
If you’re worried about how well your home will perform in an escrow inspection, you’re not alone. Fortunately, F S Roofing LLC has years of experience in repairing, replacing, and inspecting roofs. We can help you quickly determine the underlying cause of your problem and figure out the best way to repair your roof.
In addition to our roof repairs, we can also help with storm damage, tarping, and emergency repairs. To learn more about how F S Roofing LLC can help Traverse City residents, reach out to one of our professional staff members today.
