Many homeowners wonder if a home inspection is a good idea before listing their property on the market. Yes, it is even more than just a good idea because there are more good reasons for having an inspection than not. Most homebuyers will have a home inspection before purchasing a property, so why not do it first?
A pre-listing home inspection offers many advantages, like understanding any current or potential problem areas within your home before the buyers start looking.
What the inspector finds can have an impact on the sale. A pre-listing inspection allows the seller time to collect estimates from contractors for the repairs that can be done and make them in a timely fashion without being rushed.
“Having a pre-inspection allows you to see your home through the eyes of a neutral, non-bias third party. It alerts you to immediate safety issues before agents and buyers tour your home. It may alert you to items of immediate concern. It permits you to make repairs ahead of time without being rushed and paying too much because of a time-limit contingency. Defects won’t become negotiating stumbling blocks later. You have the time to make the repairs yourself if qualified. It helps you to price your home realistically and may relieve the prospect’s concerns and suspicions. It may encourage the buyer to waive their inspection contingency. It reduces your liability by adding professional supporting documentation to your disclosure statement.”, explains Jerry King of Royal Property Inspections.
While buyers diligently go through the process and expenses of a thorough home inspection, sellers should do the same due diligence as purchasing a home.
Still not convinced? Let’s look at the 3 Benefits of a Pre-Listing Home Inspection, aka Seller’s Home Inspection.
Getting Your Home Sold Quickly
A Pre-listing Home Inspection gives you a heads-up on what potential buyers would likely want to be repaired. You get to know the issues and fix them beforehand. The cleaner and more problem-free the home is, the faster it will sell. If you do not have a Pre-listing Home Inspection and the buyer’s inspector discovers problems, the buyer will most likely negotiate to a much lower price, or worse, turn down their offer – both of which can cost you money and delay the sale.
Getting The Price That You Wanted Or According To Market Value
Pricing is practically the trickiest part of the process. Even esteemed realtors in your area will struggle with the home’s condition’s market value being unclear or unstable. Pricing a well-inspected house is as easy as pie. Your agent can price the place more accurately, negotiate better, and attract buyers easily.
A Pre-listing Home Inspection Cushions The Buyer’s Decision
A pre-listing home inspection helps the buyer feel more comfortable with their decision, provides peace of mind, and forgo the worry of what their inspector might find.
A homebuyer will be happy to know that the home they are considering purchasing has been thoroughly evaluated and assessed, making them feel confident about the purchase. You demonstrate that your property is an “open book,” and you are upfront about it.
Having your home evaluated and eliminating potential surprises in advance of the sale and before any potential buyer shows up will allow the property to be sold for more money, reduce the cost of any needed repairs, and minimize the frustration with the entire sales process.