While you can list a house for sale in any condition, attracting buyers can prove very difficult if the property fails to pass a four-point inspection. A four-point inspection evaluates the four major systems of the home, assessing condition, functionality, and risk. A Florida-licensed inspector certifies the roof, electrical, HVAC, and plumbing systems. Acceptable Conditions signifies that each system is working as intended and there are no visible deficiencies or hazards. The process typically takes around two to three hours. The average cost ranges from $325 to $425, depending on the size of the property and the type of inspection. While a thorough inspection is essential to the value and saleability of the property, it often reveals costly problems. For roofs older than fifteen years, acquiring insurance depends on an inspection. Even if the inspection indicates that the roof has five-plus years of useful life remaining, insurance companies often reject coverage due to age. A roof replacement is an expensive project. Plumbing systems involve water heaters, septic, pipes and drains. Leaky pipes can lead to water damage and mold growth, which definitely raises some red flags. Electric system problems such as electrical panels that are improperly wired, frayed wires or wiring that fails to meet code will need to be repaired. You could be looking at $500 to $1000 just for a new electrical panel. Improper installation or an outdated heating/cooling unit becomes a major investment. There’s the possibility of termite damage, the foundation settling and deterioration of structural components. Conventional home buyers rely on a bank to finance their purchase. The bank requires an insurance policy. Even if the buyer is fine with the various issues, the bank will not facilitate the purchase of the property because it won’t qualify for insurance. This is where Obi Buys is the ideal alternative. We buy homes for cash in Jacksonville. Fill out our online form, and we’ll provide a quick cash offer. Accept and we’ll close within ten days. There’s no need for an inspection.
There’s no need for a four-point inspection when you sell to Obi Buys
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