Pre-Listing Home Inspections
There is nothing that can market your home better than a pre-listing home inspection.
Many times a home is put on the market with hidden flaws or defects. When the buyer has a home inspection done, counter offers are made asking for repairs and/or credits that can delay the sale of the home or stop a sale altogether.
If you are selling a home, you will get the highest price in the shortest time, if your home is in top condition. Almost all sales contracts include the condition that the contract is contingent upon completion of a satisfactory home inspection. This is known as the “home inspection contingency”. Buyers will insist on a professional home inspection performed by an licensed inspector they will hire. If the buyers home inspection finds a problem, it can cause the buyer to get cold feet and the deal can often fall through. At best, surprise problems uncovered by the buyers inspector will cause delays in closing, and usually you will have to pay for repairs at the last minute, or take a lower price on your home.
Its better to pay for your own home inspection by an InterNACHI Certified Professional Home Inspector such as myself before putting your home on the market. Having a pre-listing inspection completed, will make the sale process easier.You can choose to present any problems as is, or have the issue reflected in the purchase price. Otherwise, you can count on the buyers inspector finding them, at the worst possible time, causing delays, and costing you more money.
One of the key benefits of having the home inspection done early, is that if there are any problems discovered that need to be repaired, you can have the repairs done on your own terms, on your own schedule. When a problem isn’t found until the buyer has a home inspection performed, the deal you have worked so hard to on, may fall apart unless you act quickly to get the repairs done. Or, you may have to take a lower price in order to keep the deal moving. In either case, you’ll almost certainly have more headaches and spend more money, than if you had known about the problems and had them repaired before negotiations began. You could save thousands of dollars by having the time to shop around and get competitive bids from contractors, rather than being forced into paying for a rush job at the last minute.
You can also benefit from offering certain issues “as is”. Often, you can negotiate with a buyer to accept issues in their current condition by stipulating that they are reflected in the purchase price. But, that same buyer may walk away from the deal if the conditions come as a surprise, after an offer has already been made. If the home is inspected before the house goes on the market, you will be aware of the condition of the house before an offer is made. There won’t be any surprises, and the deal is far less likely to fall apart. It takes a lot of effort to get a sales agreement signed in the first place. If the home inspection turns up problems, the buyer will want to negotiate a new deal and that second sales agreement is usually even harder to get done than the first one.