If you’re selling your home, you may be wondering if it’s a good idea to invest in a pre-listing home inspection. Traditionally, the buyer is the one who requests – and pays for – a home inspection.
What some sellers don’t know is that you can hire your own home inspector. There are a number of benefits to doing this.
A pre-listing home inspection is just like the buyer’s home inspection that will most likely be done. The home inspector walks through you home with you and documents any issues with major systems and components.
You can ask questions during the process, and afterward, you’ll be given a comprehensive home inspection report, noting all of their findings.
Even if you do get a pre-listing home inspection, any homebuyer will most likely get their own home inspection done. So, why bother with a pre-listing inspection? Here are some reasons why:
Home inspections typically result in buyer’s asking for a lower listing price or more repairs. When you get a pre-listing inspection, the chances of that happening go down. Since negotiating can be an exhaustive process, this may make for a smoother transaction.
Attract the Right Kind of Buyers
Confident buyers that are willing to pay a premium pay attention to details. Showing them you’re aware of defects in your home and fixing them builds confidence among potential buyers and will help you attract the right one to your home.
You Get Ahead of Repairs
The advantage of a pre-listing inspection will allow you to make any home repairs that could be a deal breaker. As a bonus, you will be able to use the repairs as features to attract buyers.
Less Days on the Market
This type of inspection may help your realtor realistically price your home. Pricing your home right from the start can greatly reduce the amount of days it sits on the market. This might even result in asking for a higher price point for your home.
Avoid Deal-Breaking Surprises
You might be worried about what comes from a pre-listing inspection. The reality is, they’re going to find out anyway, but it will be after they’ve already agreed upon a price and terms that they might not want to pay after the outcome of that inspection.
You Learn the Condition of Your Home
The pre-listing inspection helps you as a seller better understand the true condition and market for your home. Since a home inspection comes after an offer is already made, the risk of losing a buyer due to a home inspection is very much a reality and can kill the sale of your home. When you learn about the condition of your home before it goes to market, you have a chance to learn what might impact the sale of your home.
Less Bumps in the Transactions
By getting a pre-listing inspection, the risk of the unknown is eliminated and both the buyer and seller will feel confident about the deal. When you leave discovery of the home’s condition entirely to the buyer, anything can happen. They will want to renegotiate the price or ask for repairs to be made. Sometimes they are unreasonable because of the high price they offered. Then you need to get estimates and wait around on contractors, all while you’re in the process of selling your home.