Seller: Three Reasons A Pre-Inspection Is Good For You
You may not consider a pre-inspection to be a worthy expense before you sell your home, since buyers will want their own inspections anyway and it could cost you time and money if an expensive issue crops up. However, in today's market, the reality is that a pre-inspection from a qualified home inspector is quickly becoming the norm, if not a necessity. The following are the top three home inspection tips you need to know when determining whether a pre-inspection is in your best interest—and how it can help smooth the way to a quick sale:
1.It Will Justify Your Position
Some sellers may have an inflated view of what their home is worth, even when presented with comparable homes to review. One of the best home inspection tips is to justify your listing price through a pre-inspection. With these results in hand, you'll feel confident that you're asking for the best price based on the condition of your home, and buyers will feel reassured that what they see is what they'll get.
A pre-inspection often prompts buyers to make an offer on a home without a home inspection condition, especially in a hot market in which multiple offers are likely. It also shows buyers you're serious about selling and helps you list your home's assets and updates, all of which strengthen your home's selling power.
2. It Will Let You Keep the Upper Hand
If you're concerned about buyers shying away from defects, it's important to remember that although no home is perfect, a pre-inspection report puts many issues into perspective. Providing estimates on how long a home's components will last helps buyers rationalize long-term repairs versus focusing on the dollar figure behind them. Knowing a repair might not have to be made for several years could reduce a buyer's need to ask for a price concession.
With a pre-inspection in hand, you'll have the opportunity to correct any defects or come up with an action plan before the house hits the market. You can then choose to repair the items yourself, hire a contractor to do the work, or simply drop the price of your home to more accurately reflect its condition.
Hiring someone also gives you the benefit of choosing your own certified inspector and the ability to be present during the inspection. Qualified home inspectors who work directly with you before you list your home can help you understand any issues that might surface during a buyer's inspection and help you form a plan long before the negotiation phase.
3.It WillReduce the Negotiation Process
Eliminating last-minute surprises and ensuring your home is properly priced can considerably reduce the negotiation phase by taking many of the home's defects off the table. Because you've had time to correct issues or reduce the price of your home, there won't be much left for buyers to negotiate on.
While buyers will still request their own inspections as a condition of sale in most cases, you can be confident a secondary report will strengthen the information in your pre-inspection, paving the way for buyers to remove this condition without the haggle.
With all the cards on the table in the form of a pre-inspection, buyers are less likely to walk away due to an unpleasant surprise discovered at the eleventh hour, and it will help combat any suspicions they may have. By removing these roadblocks, you can find your way to a smooth sale quickly—and for the best price possible.