Why Suggest a Per-Listing Inspection
A pre-list home inspection can be an important step when selling a home. This type of inspection is designed to identify potential issues with the property before it goes on the market. The last thing the seller and you, the broker, want when working toward a close, are surprises. Advanced knowledge of potential issues can help reduce the stress and emotions that can arise during the sale process.
Consider the following scenario, you’re the broker representing an older couple that’s been in the same home for 30+ years. The house looks incredibly clean & well-maintained. You’re thinking this will be a breeze & easy money… An offer is received and accepted right away, You’re thinking “Great!” Then the inspector comes in and The buyers learn the gentleman was a bit of a DIYer and there are problems with the electrical and plumbing. Additionally, the buyers want a huge credit because they think that there’s asbestos and mold in the attic and crawl space.
So where do you go from here? The sellers are upset because they thought it would be an easy process and now they’re not going to get the money they were expecting. They have to call in contractors and who knows how long that will take or how much it will cost. Asbestos and mold remediation is also terribly expensive and will reduce the money that they walk away with…
Advance Knowledge can help the Seller
A pre-listing inspection would have potentially brought this to light earlier and allowed the sellers to address any issues, avoid inflated repair estimates or pre-plan their response during the negotiations. Most importantly, it could prevent delays in getting to the closing.
One of the major benefits of a pre-sale home inspection is that it allows the seller to identify any potential issues with the property before listing it for sale. This can include issues with the roof, foundation, electrical and plumbing systems, and other major components of the home. This can help increase the value of the home and make it more attractive to potential buyers.
Another benefit of a pre-sale home inspection is that it can help the seller avoid inflated repair estimates. If a potential buyer conducts an inspection and finds issues with the property, they may ask for repairs or a reduction in the purchase price. Again the advanced knowledge can help reduce the stress and anxiety experienced by the sellers.
This can help to reassure buyers that the home is in good condition and eliminate any concerns they may have about the property.
Boost Buyer's Confidance
A pre-sale home inspection can also be used as a marketing tool to promote the home. When a seller conducts a pre-sale inspection and addresses any issues, they can include the inspection report in the home's listing. This can help to attract buyers who are looking for a home that is in good condition and has been well-maintained.
Additionally, a pre-sale home inspection can be used as a bargaining chip in negotiations with potential buyers. If a buyer conducts an inspection and finds issues with the property, the seller can use the pre-sale inspection report to show that they were aware of the issues and had already taken steps to address them. This can help to reduce the amount of negotiation required and make the sale process go more smoothly.
In Conclusion
Overall, a pre-sale home inspection is a valuable tool for anyone looking to sell a home. It can help to identify potential issues with the property, avoid inflated repair estimates, and promote the home to potential buyers. If you are planning to sell your home, it is a wise investment to have a pre-sale inspection done to ensure that your home is in the best possible condition before listing it for sale.