Benefits of a Pre-Listing Home Inspection
Sellers can greatly benefit from having a home inspection prior to listing their home for sale. A pre-listing inspection will significantly reduce your risk by eliminating last minute repairs that can slow down the selling process.
In addition, the resulting report may show you ways to increase your property’s value or greatly improve its marketability. So in other words, a pre-listing home inspection helps you sell your house faster and for more money. Not only that, but the buyer gets a better home to move into. It is the best situation for both parties.
So contact us today to schedule your pre-listing home inspection!
Visibility and Defect Resolution
One of the key benefits of having the inspection done early is that if there are any problems discovered that need to be repaired, you can have the repairs done on your own terms and on your own schedule.
When a problem isn’t found until the buyer has an inspection performed, the deal you’ve worked so hard to get done may fall apart unless you act quickly to get the repairs done. Or you may have to take a lower price in order to keep the deal moving. In either case, you’ll almost certainly have more headaches, and spend more money, than if you’d known about the problem and had it repaired before negotiations began.
You could save thousands by simply being able to shop around and get competitive bids from contractors, rather than being forced into paying for a rush job at the last minute. Another area where you can save money is in having flexibility to choose the materials used in repairs. Sales contracts usually specify repairs must be made using materials of comparable quality. By identifying needed repairs early, you’ll have the option to save money by using less expensive materials for the repairs.
Get Your Price, Avoid Delays
You’ll get the highest price in the shortest time, if your home is in top condition. Almost all sales contracts include the condition that the contract is contingent upon completion of a satisfactory inspection. This is known as the inspection contingency. Buyers will insist on a professional home inspection performed by an inspector they will hire.
If the buyer’s inspector finds a problem, it can cause the buyer to get cold feet and the deal can fall through. At best, surprise problems uncovered by the buyer’s inspector will cause delays in closing, and usually you will have to pay for repairs at the last minute, or take a lower price on your home.
Be Prepared, Plan Your Strategy
You can also benefit from simply offering certain items as is. Often, you can negotiate with a buyer to accept items in the current condition by stipulating that they are reflected in the purchase price. But that same buyer may walk away from the deal if the conditions come as a surprise, after an offer has already been made.
If the home is inspected before the house goes on the market you will be aware of the condition of the house before an offer is made. There won’t be any surprises and the deal is far less likely to fall apart. It takes a lot of effort to get a sales agreement signed in the first place. If the inspection turns up problems, the buyer will want to negotiate a new deal and that second sales agreement is often even harder to get done than the first one.
If you are planning on putting your house on the market, it’s to your advantage to know the condition of your home. There is no such thing as a perfect house. If you don’t find out the results of your own inspection, the buyers will certainly let you know about theirs. This could cost you the sale or severely limit you options to repair.