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Pre-Listing Home Inspection

If you are selling a house or a building, there is one very important home inspection you will need: the pre-listing home inspection. What is pre-listing home inspection all about? A pre-listing home inspection helps seller find and discover flaws in the home that needs to be addressed before putting the home in the market.

The times have changed and buyers today have become more sensitive and meticulous about making major purchases than ever before. Buyers now choose to do their own comprehensive home inspection to make sure they are getting the best value of their investment, even if it would cost them more.

It would be advantageous to offer them a pre-inspection report beforehand so that you will know what they are bound to discover. It will also be a useful tool to educate the buyer about the current condition of the property, and let them know potential expenses if the deal is closed. This way, the buyer can make an informed decision early on whether to purse or not, saving you time and energy.

Even if you don't intend to do anything about the house's condition, know that if a buyer chooses to hire his own home inspection service provider, any information they get can be used to their favor. One minor defect for them serves as evidence that warrants decrease in price or change in contract terms.

While a pre-listing home inspection does not necessarily assure a deal breaker, real estate agents and sellers agree to the tremendous benefits it provides. Here are some other benefits a pre-listing home inspection can do.

1. Helps you in pricing. An inspection report will help a seller arrive at a justifiable, reasonable and realistic list price. For example, if you find defects in your HVAC system and realized that it needs to be replaced before the winter season next year, you will have to consider that when setting your price. Certainly, you cannot price it the same way as if the HVAC system is in top shape.

2. Helps identify defects and work on repairs ahead of time. If defects are identified early on, sellers will have the opportunity to make repairs before listing, making it more attractive and saleable. This would expectedly mean spending more, but it would also mean faster sale. This would limit down objectives over discovered defects, and complications in the negotiations.

3. Provides seller with confidence in offering the property to potential buyers. With a pre-listing inspection report on hand, potential buyers will feel more secure and comfortable in accepting your offer. It can also broaden your pool of prospective buyers. If a buyer doesn't see a major problem, then there is an increased probability that the deal could be closed in no time.

Today’s trend in real estate has made it necessary for sellers to conduct a pre-listing home inspection and hire the service of a certified home inspector. The information that an inspection report provides will surely help you in successfully negotiating and lead to a sale. This is especially true if you intend to sell your house in a for-sale-by-owner transaction.

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