One of the ways to reduce your potential stress in selling your home is to obtain a pre- listing inspection. A pre-listing inspection will provide you insights into items that need to be repaired or replaced so you can address in advance of placing on the market. Though there is a cost to have a home inspection done, you can obtain several important benefits and advantages. Some of the benefits and advantages you may obtain are:
1. The inspection report(s) identifies repairs you can make before listing your House
So, you are not blindsided by a request for repairs by your buyer, a good inspector’s report(s) will give you insight into what might come up as a request to repair, lender required repairs and insurance requirements. Getting a pre-listing inspection will allow you to learn about any problems or needed repairs and take care of them before placing your house on the market.
Making repairs can help present your home in a positive light. It, also, may provide you savings in the costs to make repairs or replacements by having time to shop around for the right contractor, handyman, materials as well as provide you a bit longer timeframe to make the repairs and/or replacements. Frequently buyers overestimate the costs of repairs/replacements during negotiations and will offer less for the home based on their estimates for the cost of repairs and/or replacements. On the other hand, if you have a home inspection that shows your property is free of issues, you may also be able to ask for a higher price.
If there are repairs needed on your house and/or property, you have some options if you do not want to repair or replace items based on the inspection reports, If there are repairs needed regarding your house and/or property, you have some options. If you do not to repair of fix items you have information which provides you the opportunity to consider the cost of repairs and/or replacements in your asking price.
2. Knowing if Repairs are Needed will assist Accurately Pricing Your Home
If there are repairs needed regarding your house and/or property, you have some options. If you do not want to repair or fix items you have information which provides you the opportunity to consider the cost of repairs and/or replacements in your asking price. On the flip side, if your home inspections shows that your house and/or property is almost free of issues, you may, also, be able to obtain a better price by highlighting the great features noted in the inspection report
3. You’ll Enjoy a Smoother and More Efficient Transaction
The inspection period in a contract is one of the steps that can cause the Seller and the Buyer frustration depending on the results of the Buyer’s inspection report(s). There are negotiations about repairs, a timeframe to make the repairs and then reinspection by the Buyer’s Inspector to make sure the repairs are done satisfactorily. There is no guarantee your inspector will find all the Buyer’s inspector might see but you have the advantage of advance knowledge of what generally will be found.
If the Buyer’s inspection shows a major problem(s) or lots of minor problems this can cause buyers to cancel. Inspections that do not go well is one of the major reasons contracts on homes are cancelled.
4. You have the opportunity to help a Buyer feel they are making a sound decision
As purchasing a home is a large financial commitment, buyers are very focused on the condition of a home, even a new built home. One option can be to provide the inspection report(s) if all looks good to show them in advance of the great condition of the home. If there was a need for repairs, then their inspection should go very well, and they should have a positive feel about the home as well.
5. It Will Make Your Listing More Competitive
Though it is becoming more popular to obtain a pre-inspection there are still many Sellers who do not want to spend the funds to obtain a pre-inspection. They would prefer to wait until a buyer gets the inspection(s) done and then try to work out through negotiations repairs that the buyer wants as well as repairs required by the lender/appraisal and the insurance company. Having a great pre-listing inspection can help set your home apart from other homes. Shows potential buyers that your home is safe, sound and secure.
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