You may be asking yourself, “Why would I pay for something the buyer is going to do anyway?” There are many benefits of having a pre-listing inspection performed on your home before listing the home for sale.
Pre-listing inspections are becoming more popular amongst property sellers, and here are some of the benefits of having a home inspected before putting it on the market.
What condition is the home in? Most homes are in need of basic maintenance or repair. What if the home is part of an estate or inheritance and you may not know much about the home. These repair items will be on a homebuyer’s inspection report and can make the home appear to be poorly kept and raise suspicion about other maintenance items. Fixing some of the smaller and less costly items can reduce the list of issues the homebuyer’s inspector will find.
Is the home priced correctly for the market? We all want to sell our home for top dollar. However, when the repair list comes from the buyer’s home inspection report, be ready for a surprise when the negotiations start hitting the table. This can lead to the homebuyer asking a seller to drop the price of the home.
What about reducing any possible negotiations? The homebuyer will often try to use the home inspection report as an opportunity to renegotiate with any home seller to reduce the overall sale price. By having a prelisting inspection and disclosing any issues before going under contract can help to reduce the negotiations that may be used to lower the price of your home. This leads to selling the home at a higher price!
What about all the stress… What is the home inspector going to find?! When a home goes under contract and the homebuyer will request a home inspection to evaluate the condition of the home. The home inspector may discover that the home has recalled plumbing materials, needs a new roof, or new windows. This can scare away a homebuyer that is afraid of buying “The Money Pit”, lead to termination of the contract, and the next buyer’s offer may be a lower than the first offer. If the buyer knew about these issues going into the deal, the home inspector will only be confirming the issues you have already disclosed.
We all want to buy with confidence. How can we be building the homebuyer’s confidence in the Seller? Often buyers are concerned that something is not going to be disclosed that could be a costly repair later. By taking the initiative and hiring a third party to inspect the home to fully disclose the unbiased information, shows the honesty of the seller to disclose all information about the home. This can reduce the fear in the buyer and the chances they will back out of the deal.
Want more homebuyers looking at your home? By providing the prelisting inspection report, the buyers can get to know more about your home than any other homes. Other sellers are only providing staged photos that make the home look amazing but hide the flaws that will only be discovered later. By providing this information, the homebuyer has a better understanding of what they are buying before going under contract.
Is there anything I should consider before getting a Prelisting Inspection? Great Question?
You will have to disclose the information. What the inspector finds, you will now know about the home. If there is a foundation problem or water damage, you will have to disclose this information to the buyer or get it repaired before the home goes on the market.
The home may be inspected again by the homebuyer’s inspector. Two different inspectors may have different opinions on the condition of the home, and it is common that the inspectors will have different findings during the home inspection. This can lead to new issues may appear due to a homes ongoing need for maintenance and repair.
You will be paying for the inspection. Costs for this service vary based on the size of the home. We also understand any seller will have additional expenses related to selling a home, so we want to help you with this transaction! We offer a 10% discount to sellers and include a FREE Repair Estimate Report! ($99 Value)
Selling and buying a home is a big decision that can be emotional and sometimes stressful, but it does not have to be. SMART Home Check prelisting inspections can reduce the stress for both parties, and make the transaction go smoothly with fewer surprises along the way. If you are thinking about selling your home, we are here to help you and want you to have the best possible experience when selling your home.