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What is a For Sale by Owner Home Inspection?
A FSBO home inspection is the same as any other home inspection and is typically ordered by the prospective buyer. The only difference is the home is not listed on the MLS but privately listed by the homeowner(with no realtor) on other private real estate sites. Homeowners may do this to save money on realtor commission fees. Often times, the home owner and/or buyer hire lawyers to guide them through the process.
Why order a home inspection on a For Sale by Owner listing?
The buyer will hire a home inspector to perform a 300-point thorough inspection to uncover major defects, safety hazards, code violations, and common maintenance repairs. These findings are documented in a pdf report with photos and comments. This report can be used to negotiate repairs with the seller similar to a MLS listed real estate transaction.