Home inspections have the power to send all parties back to the negotiation table or cancel the deal all together. As such, some sellers are taking precautionary steps of having an inspection done before listing the home for sale.
1. It allows the seller to make repairs before listing the home
If a seller has a pre-listing inspection, they will be aware of every issue present in the home and can make repairs to make it easier to sell. If the seller chooses not to make the repairs, they can at least be aware of issues present in the home, which allows them to fully disclose this
information to potential buyers. It also gives the seller more leverage during negotiations because they will be prepared.
2. It ensures a smoother, more efficient transaction
When issues are discovered during a pre-listing inspection, the seller can either have them fixed ahead of putting the home on the market or choose to disclose the issues to potential buyers. Either choice will make the home sell faster because it will prevent the buyer and seller from becoming entangled in long negotiations after the buyer has an inspection. Because the issues have been disclosed ahead of time, the buyer will not be surprised by anything and will be less likely to walk away or demand a lower price for the home.
3. It helps the seller and the agent more accurately price the home
Sellers who do not wish to fix the issues revealed during a pre-listing inspection can factor the repair costs into the asking price of the home and explain to buyers that while the home has certain issues, they will be getting it for a lower price as a result. This also protects the seller from low-ball offers.
4. It saves the seller money
When issues are discovered during a buyer-initiated home inspection, the buyer and seller will enter into negotiations to determine who will cover the costs of repairs. In general, buyers tend to significantly overestimate the costs of these repairs, and the seller loses far more money than he or she would have paid to have completed the repairs before listing the home.
5. It makes the seller more trustworthy
By disclosing any issues in advance, the buyers can feel confident they are making a deal with a trustworthy person who is not trying to hide anything.
Having a pre-inspection done can give the seller a competitive edge in a buyer’s market. If you’ve done everything possible to ready your home for sale, you can list it with your head held high, which helps in the negotiation process.
To help the process move along even smoother, call to have your seller’s inspection done today! Having this done ahead of time will eliminate any surprises or delays later in the process.
~ From your friends at JB Home Inspection
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