Selling your home can be a stressful and expensive process. Many sellers are focused on selling their home quickly and for the highest list price possible. Ordering a pre-listing home inspection is an optional step for sellers. When you learn the benefits of ordering a home inspection before listing your property for sale, you will see why this is a smart step to take.
What Is Included in a Pre-Listing Home Inspection?
Before scheduling a pre-listing home inspection, you should understand what information may be in the report. A home inspector typically examines all major home systems and components that they can visibly assess from the roof to the foundation. Through a pre-listing home inspection, you’ll enjoy these benefits.
1. Get Information About the Property First
A home inspection is not a required part of the sales process, but buyers often order and review an inspection report before finalizing their purchase. This report provides them with accurate, detailed information about a property’s true condition. It helps them understand what they are preparing to buy.
In some cases, the details in an inspection report may be used by the buyer as a basis to rescind an offer or to negotiate better terms. When you order a pre-listing home inspection, you will get the report first and have the chance to make any needed repairs well before the buyer.
2. Ability to Be Proactive
When you have information about the property’s true condition and learn about some issues that may cause problems during the sales process, you can be proactive. For example, many buyers would be reluctant to purchase a home with foundation issues. If the home inspector you hire discovers a foundation issue, you can take steps to rectify it before listing your home and have better results selling it.
Should you choose not to repair issues, you can price your home accordingly and lower the list price to allow for those repairs. A reasonably priced home where a seller has given full disclosure about the property’s condition is appealing to potential buyers.
3. Work Toward a Faster Closing
Some details in a buyer’s home inspection report could be a basis for repairs to be made or for negotiations during the sales process. When you’ve had a pre-listing home inspection, you are less likely to come across surprise issues that may cause delays in the closing.
When significant concerns in the report have already been addressed, you can save time and energy by avoiding negotiations and eliminate the need for more experts to visit the property.
4. Reduce Financial Strain
While an inspection report costs money upfront, it can help you manage costs and get a better offer from a buyer in some cases. Consider that you can address issues on your own terms if you are aware of repair or maintenance problems early. This is often more cost-effective than having a buyer dictate their terms to you. You can also take time making major repairs as funds are available rather than being forced to making them at the last minute a few weeks before closing.
Ordering a pre-listing home inspection is a wise idea. If you are preparing to list your home soon, now is the right time to order a pre-listing home inspection.