Sellers Pre-Listing Inspection
So, you are going to sell you home! What is one of the first things a realtor advises? Make sure your house has curb appeal. You need to plant some plants and flowers around the house and put a flowerpot or two on the porch.
Well I agree that making your house look nicer will help, but this alone will not sell the house. What buyers want to know is the condition of the home and its components. Mr. and Mrs. Seller you should already know the condition of your house before a buyer’s inspector does his thing. If you do not, or if you are unsure, here is what you need to do.
You want to find out about hidden problems before your house goes on the market. Almost all sales contracts include a condition that the contract is contingent upon completion of a satisfactory inspection. This is known as the inspection contingency. Buyers will insist on a professional home inspection performed by an inspector they hire. If the buyer’s inspector 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 buyer’s inspector will cause delays in closing, and usually you will have to pay for repairs at the last minute, or accept a lower price for your home.
It is to your advantage to have your own inspection performed before putting your home on the market. By having a pre-listing inspection performed you will be able to correct deficiencies that might hinder the sale of your home thus making the sale process easier. You may also present the house as is and reflected in the purchase price. Otherwise, you can count on the buyer’s inspector finding problems causing delays in the sale of your home and potentially costing you more money.
The key benefit of having the inspection done early is if there are any problems discovered that need to be repaired you can have the repairs done on your own terms and schedule. If a problem is not found until the buyer has an inspection performed the deal you have worked so hard to get done may fall apart unless you act quickly to make the repairs. Or you may have to accept a lower price in order to keep the deal moving. In either case, you will almost certainly have more headaches and spend more money than if you had known about the problem and had it repaired before negotiations began. You could save thousands of dollars by simply being able to shop around and get competitive bids from contractors rather than being forced into paying for a rush job at the last minute. You may also save money by having the flexibility to choose the materials used in the repairs. Sales contracts usually specify repairs must be made using materials of comparable quality. By identifying needed repairs early you will have the option to save money by shopping for less expensive comparable materials for the repairs.
Seller’s inspections do not cost, they pay!