Getting a Pre-Listing Home Inspection
Eventually your Buyers are going to conduct an inspection of their own, might as well be prepared by getting a Pre-Listing Home Inspection first!
It doesn’t occur to many sellers until the times comes that the house they have listed will need an inspection before an offer is made. You never know what may appear on that list, which can impact the timing of your closing. The items listed on a home inspection report often times need to be addressed before the home goes to closing. A home inspection report can make or break a deal, and in some cases delay the closing. There are countless things a Seller can do to be proactive in getting their home ready to close as quickly as possible, one of which is a Pre-Listing Home Inspection.
A Pre-Listing Report permits you to make repairs ahead of time so that defects do not become negotiating stumbling blocks in the closing process.
The roof has a few wind damaged shingles, there are signs of condensation in the drain pain at the heat pump, and last but not least there are signs of wood rot on the hardboard siding on two sides of the home. These are the issues that appear on the summary of the report, which ultimately become the things the Buyers are going to want to have addressed. You are now in need of having an HVAC Technician to come out to assess the situation, as well as scheduling a handyman or a professional of your choice to address the wood rot and the shingles. With a pre-listing report, you have just given yourself the time to find a reasonably priced Contractor, or to make the repairs yourself. You have eliminated some undue stress that can occur had you not done the inspection and these surprises came during an initial offer. The lesson here? NO SURPRISES…or minimize them the best you can!
A Pre-Listing Inspection May Relieve a Prospect’s Concerns
A Prospect may like the fact that the Seller took some initiative. A house with nice curb appeal can be a strong selling point. A Pre-Listing Inspection can also be of considerable value in the eyes of the Prospect. If a report indicates that the home shows signs of TLC, you may significantly increase your chances of an offer being made and expediting the sales process. You may also find that the Buyer will forgo their own inspection by trusting that your third party inspection gives them the peace of mind they want to move forward and make an offer!
Reduce your liability with professional supporting documentation to your disclosure statement
Having the inspection done and making the necessary repairs not only speeds up the process but can also reduce your liability on your disclosure statement. Ask a local Home Inspector or Realtor how this can benefit you as the Seller when it comes time to closing.
It may alert you of items of immediate personal concern
There can be a countless number of things that can go wrong with a home. Most importantly, a pre-inspect can alert you to things that can be a danger to you and your family, and that of the Buyers. Radon gas can be a serious health hazard: http://continentalhomeinspections.com/homeinspection/what-is-radon-gas/
Having a home tested for Radon can be a life saver, or a favorable reading can also provide you with peace of mind. Termite infestation may also be something that can be caught before it becomes costly. These are just a couple of things that can alert a Seller to the hidden dangers that may be lurking in their home.
Peace of Mind
Home inspections definitely have the power to send the Buyer and Seller back to the negotiation table. With that being said, some sellers are taking the initiative of having an inspection done before listing the home. A buyer has the upper hand when they have an inspection, and if you are willing to do it ahead of time, you give the control back to the seller. Sellers who have a home inspection upfront also can identify any major problems that have the potential to derail a sale later on at the closing table. Repairs can be addressed beforehand. Doing repairs ahead of time might also be more cost effective than having to pay a buyer’s own licensed contractor to do that work. All of this may seem like a bit of work, but you give yourself and the Buyer some peace of mind knowing that a professional Home Inspector who is trained to look for defects has advised the Seller and all those things have been addressed. Keep in mind that buying a new home should be a wonderful experience, and if you can eliminate any surprises and create some peace of mind, you increase your chances of having a wonderful experience.