Why You Should Have a Pre-Listing Inspection
As the seller, many people think that only the home buyer has a home inspection upon buying the home. However, the seller can benefit from a pre-listing inspection because it avoids unnecessary problems down the road. If you’re selling your home, consider getting pre-listing home inspection services. You may be surprised to learn that 35% of SAC Inspect home inspections are sellers’ inspections.
How Does a Pre-Listing Inspection Work?
Normally, the pre-listing inspection is performed before the home is listed on the market. This allows prospective buyers to see the condition of the home prior to negotiations being made. Having the inspection performed after negotiations can cause all kinds of issues on the part of the buyer, so it’s easy to see how this kind of inspection can benefit everyone involved.
The inspector will provide a typical inspection and create a report, and as the seller, you may choose to also have a one-page overview prepared for easy reference. The seller and real estate agent then review the report and/or overview for approval, and may choose to adjust the listing price or other factors. Then, both the report and overview are published and available to real estate professionals and prospective buyers.
What Are the Benefits of a Pre-Listing Inspection?
As we said before, the benefits are numerous. Being upfront about the condition of the home will help to eliminate conditional offers or issues with negotiations, resulting in the seller having to sell the home more than once because the buyer has changed their mind. Everything is agreed upon before the listing is published and the home goes on the market, which minimizes the liability for all parties.
On top of this, if the home is found to be in better condition than originally thought, the price can reflect this. The buyer is also invited to have an Onsite Review at a reduced cost that provides insight for the buyer, provides the buyer with a complete inspection report and creates a contractual relationship with the inspection company. (Buyers should be advised that without the Onsite Review, the inspection company remains responsible only to the seller.) There will be no conflicting information making the transaction complicated—just peace of mind for everyone, and a smoother, quicker process where everyone wins.
If you’re selling your home, we highly recommend considering a pre-listing inspection to make your sale as quick and easy as possible. Carson Dunlop offers sellers’ inspections as one of our home inspection services.
For more information and to download a free sample report, click here.
How Sellers Can Save With Prelisting Inspections
Home inspections have the power to send all parties back to the negotiation table. As such, some sellers are taking the precautionary step of having an inspection done before listing the home for sale.
Some real estate professionals say that having a home inspection prior to listing can offer several benefits to the seller.
“The buyer has the upper hand when they have an inspection,” says Jessica Edwards, Coldwell Banker consumer specialist and real estate professional. “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 could potentially derail a sale later on at the closing table. Any major 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 do the work.
“If you have the items repaired or replaced ahead of time and it doesn’t come up with the buyer, it’s a non-issue,” says Edwards. Edwards says having a home inspection beforehand can also help sellers adjust their asking price if they aren’t willing to do certain repairs.
Leslie Piper, consumer housing specialist for realtor.com, suggests sellers consider a pest and roof inspection before listing.
“The costs of repairs or the replacement of a roof can vary and could be a big-ticket item a seller may want to be aware of before they choose the price they are hoping to get for their home,” Piper says. “Having these inspections can be beneficial for a successful home sale, and also beneficial for a seller’s future budgeting plans.”