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Home Inspection Blog Posts & Tips

What Are Closing Costs & How To Reduce Them?

A common obstacle that many home sellers in Columbia South Carolina  face is dealing with the buyers bad  home inspection report. If you are like most sellers entering the market at this time, you are probably wondering how to handle a bad inspection report or how to avoid it altogether. In this article, we are going to look at the common home inspection fails and questions to ask when homeowners receive a bad home inspection report filled with negative remarks and findings.

Most Common Home Inspections That Missed The Mark,
In Columbia and Surrounding areas of South Carolina. 

As a seller you are most likely aware that your home has a few minor issues. The potential buyer will discover the current condition of the home and issues regarding the property. However, when a home inspection reveals issues you didn’t know existed, this can present a challenge to the homeowner.

As a seller you are concerned as to how these issues will affect the sale of the home. Usually issues that are discovered during the home inspection are minor and can be easily negotiated. Complex issues such as a non-working HVAC unit, mold, leaking roof, bad grading with drainage problems may require further negotiation that may affect the final amount the seller receives for the sale of the home. Below are a list of most common repairs you may encounter after a home inspection:

  • Leaking roof, missing shingle
  • Electrical  not up to code, frayed wiring
  • Plumbing: leaking pipes, failing/ non-working water heater
  • Foundation: Sinking or cracked, which can lead to flooded crawl spaces and basements
  • Termite damage
  • Mold issues
  • Doors/ windows that leak, stick, broken, or unable to open
  • Chimney damage
  • Presence of Asbestos

Questions That Homeowners Should Ask After
A Bad Home Inspection Report

After receiving a bad inspection report it is not the end of the world, your trusted real estate professional is there for you to ask questions and listen to their advice. Here’s a list of commonly asked questions.

  • What fixes are mandatory after a home inspection?
  • How much will it cost to correctly fix the problem listed on the home inspection report?
  • Is this a repair that can be easily repaired or do you need to hire a professional?
  • If the necessary repairs are not made, how much will you need to credit the buyer to allow for your compensation?
  • Should the seller even make these repairs, or is it better idea to have the potential buyer assume the repairs?
  • How to negotiate repairs after home inspection?

As you can see, the benefits for having a pre-listing home inspection is an invaluable strategy to tackle potential issues that may derail the sale of your home. Pre-listing home inspections for sellers gives homeowners the flexibility and time to strategize, acquire quotes from licensed and professional contractors, make the necessary repairs, and opportunity to get accurate insight to the current condition of the home. 

Eventually, your buyers are going to conduct an inspection. You may as well know what they are going to find by getting their first. Having an inspection performed before putting the home on the market helps in many other ways such as:

  • It allows you to see your home through the eyes of a critical and neutral third party.
  • It alerts you to immediate safety issues before agents and visitors tour your home.
  • It may alert you to items of immediate concern, such as radon gas or active termite infestation.
  • It permits you to make repairs ahead of time so that ...
  • Defects won't become negotiating stumbling blocks later.
  • There is no delay in obtaining the Use and Occupancy Permit.
  • You have the time to get reasonably priced contractors or make the repairs yourself, if qualified.
  • It helps you to price your home realistically.
  • It may relieve prospects' concerns and suspicions.
  • It may encourage the buyer to waive his inspection contingency.
  • It reduces your liability by adding professional supporting documentation to your disclosure statement.

 Making certain repairs makes sense particularly if they are relatively inexpensive or small. However, for larger and major repairs you may also consider prioritizing which repairs to make before placing your home on the market. Which ultimately results in having less problems with the home. Therefore if you’ve remedied most of the problems, then you’ve shortened the list significantly.

What Have We Learned?

The best way to handle a bad home inspection report for sellers in Columbia and surrounding areas of South Carolina is to get a pre-listing inspection. Having a pre-listing inspection will reveal potential issues that may derail the sale of the home. Receiving a less than ideal inspection report is not the end of the world, simply work with your real estate professional and ask the necessary questions to come up with a game plan to ensure a successful sale of the home. You have options! Depending on the issues found in your inspection report, you will  have the flexibility and time to prioritize which repairs to make before placing your home on the market. Which ultimately results in a much better home inspection with fewer problems, and much shortened list of issues on your buyer’s inspection. 

Are You In The Market For A Home Inspection In the Columbia, Lexington,
Irmo, and Surrounding Areas of South Carolina? 

Get the home inspection before placing your home on the market. Contact the guys at S&J Home Inspections LLC. We offer same-day termite and home inspections! Get both the home inspection and CL-100 letter in just one visit. Save time and money, book your home inspection now with S&J Home Inspection and get the essential inspections you need in just one visit. 

Contact us to request a home inspection (803) 261-4768.



While the world continues to evolve in response to the COVID-19 this leaves most of us to navigate the challenges of the home buying and selling process in the Columbia, Greater Columbia, Lexington, Irmo and surrounding areas of South Carolina.  


One of the most commonly asked questions from first-time home buyers are “What are closing costs and how to reduce them.” Based on the perspective and insight from mortgage industry experts and real estate professionals. We’re going to explore a few points to help you better understand what closing costs are and how to vastly reduce them. What exactly Are Closing Costs and Who pays for them?


First let’s take a look at typical closing costs. Sorry to disappoint you but there are no typical closing costs. The reason being is that the closing costs boils down to the fact that different states and municipalities have different legal requirements and fees for the sale of the home.


However, in this short article we are going to discuss common closing costs for buyers and sellers of the real estate transaction. Many costs associated with closing cost have to do with financing or other costs independent of the mortgage loan. Normally charges are delegated to the buyer and the  seller, but anything is negotiable


Especially during a buyer’s or seller’s market. A buyer’s market  is when properties are slow to sell, and in some cases sellers may agree to pay part of the buyer closing costs.

However this is less likely to happen in a seller’s market when the demand exceeds the supply. In other words, there are many interested buyers, but there is a low real estate inventory. In a seller’s market, homes sell faster, and buyers have to compete with each other in order to score the purchase of their dream home.


What Are Some Closing Costs Buyers and Sellers
Should I Expect To See?


Here’s a look at common closing costs that are associated with the buyers share of the closing costs:

  • Loan origination fee
  • Loan discount fee
  • Loan application
  • Points ( to “buy down” the interest rate)
  • Lender’s attorney fees
  • Buyer’s attorney fees
  • Appraisal fee
  • Credit report fee
  • Lender’s inspection fee
  • Mortgage broker commission or fee
  • Tax service fee
  • Processing fee
  • Underwriting fee
  • Wire transfer fee
  • Hazard insurance premiums


How To Reduce Closing Costs?

Unfortunately there is no way for you to outright dodge closing fees, however there are a few ways that homeowners can pay less. Keep in mind that  some closing costs are negotiable such as attorney fees, commision rates, recording costs, and messenger fees.


  • Close at the end of the month. One simple way for you to reduce your closing cost is to schedule your closing at the end of the month. For example: If you close on the 29th you pay only one day of interest in comparison to the beginning of the month 5th to 30th.
  • Share expenses with the seller. Some loans  allow sellers to contribute up to 6% of the sale price to the buyer as a closing-cost credit. This is less likely to happen in hot markets where inventory is scarce.
  • Military Benefits:   Military members have closing-costs benefits that are overlooked. If you are a service member or veteran you may qualify for funds to help you purchase a home. These benefits are not limited to the VA loan. Do your research to make sure that you are getting all the benefits that you are entitled to.
  • Apply for an FHA loan. Individuals with lower incomes can apply for an FHA ( Federal Housing Administration) loan  which is a government-backed mortgage. 


How Can  S&J Home Inspection Help Buyer & Sellers Save Time & Money?

Now that we have covered what closing costs are and a few ways to reduce your closing costs.

Although you can’t outright dodge all of your closing fees, what you can do is to hire the right home inspector if you’re in the Columbia, SC and surrounding areas and save time and money with a same day home inspection and pest inspection. We strive to alleviate some of the stress associated with the home buying and selling process, by simplifying your home and pest inspection to save you money and time by getting your CL-100 letter the same day as your home inspection. Request A Home Inspection!


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