A Pre-Listing inspection is the same as a standard home inspection, but the inspection is done for the current homeowner.
You find out what condition your home is in. One of the biggest fears of most sellers is that when a buyer does get the home inspected, something will be discovered that kills the sale. You can have your own done, and get ahead of any issues before ever listing the property for sale.
Minimize stress. Not knowing if there is something wrong with your home adds a lot of stress to the sales process. You can wipe away that anxiety pretty easily. You just have to get your own inspection before listing. Something may or may not need to be fixed. A pre-listing inspection will let you know either way.
You can make repairs. To make major repairs before you list your home. The buyer’s inspection will uncover significant defects, and you will be expected to repair them if you want to get full price for your home. The problem is that you will only have until closing to get the repairs done if you wait until the buyer’s inspection. The limited time frame tends to put sellers on edge and leave them scrambling to get everything fixed in time. With a pre-listing inspection, you set your own schedule for repairs.
Less likelihood of negotiations. Quite often buyers will use the home inspection as a point of asking for additional concessions. They will use the home inspection as a means to renegotiate the sale.
Help improve the buyer’s confidence.Anytime you can hand a buyer an inspection report that details the present condition of a home; you’re probably going to make them feel more confident about the purchase.
Knowing that a professional has already looked over the home carefully allows the buyer to make a confident offer.
- 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.
A pre-listing home inspection uncovers potential surprises that could derail the sale of your house.
- Time – Selling agents are given time to help the seller decide what areas to work on to improve the home’s appeal.
- Options – Sellers can choose who they want to perform the inspection and assist in providing details of equipment maintenance, supply dates of improvements and explanations for current conditions.
- Flexibility – Sellers gain more time to make repairs and compare bids on work to be done, and can truly provide full disclosure to their potential buyers.
- Accurate pricing – A pre-listing home inspection helps the agent set the seller’s price expectation and can be used to substantiate a higher asking price.
- No surprises – Agents will have fewer issues to negotiate at the 11th hour, and buyers may even waive their inspection.
- Full disclosure – Buyers’ benefits include receiving a third-party review of the home’s condition before making an offer which can assist in procuring financing.
- Stress relief – The inspection can remove any doubt the buyer might have regarding any initial concerns and may also reduce the stress associated with purchasing a home.
