The traditional way of going through the process of selling a home isn’t always the best. Typically, you’ll put your home on the market, someone will place and offer, and then that person will order a home inspection. The more effective way is to take control by getting your home inspected before listing it. Let’s discuss the benefits of a pre-listing home inspection.
A Pre-Listing Home Inspection Provides an Easier Transaction Process
Your potential buyers can make an easier decision when they know about potential defects upfront. Having a pre-listing inspection report ready for them avoids long, drawn-out negotiations that usually occur after a buyer initiates a home inspection.
The fact that you disclosed everything ahead of time means your buyer won’t get blindsided by defects. It’s less likely that a buyer will walk away from your contract or renegotiate the deal.
Make Repairs Before Anyone Sees Your Home
One of the best benefits of a pre-listing home inspection are the choices it provides you before putting your house on the market. You have two options once the pre-listing inspection report comes in: make repairs or disclose defects to buyers.
If you decide to make the repairs yourself, then you’ll make your house easier to sell. If you decide not to make repairs on any or all of the revealed defects, then you can explain to the seller that the price reflects these issues.
This provides you and your realtor plenty of negotiation leverage at the bargaining table. You might be able to keep buyers from using another inspection as a contingency for the sale. They already know about needed repairs so there’s no reason to conduct another inspection.
Benefits of a Pre-Listing Home Inspection: Save Money
Don’t make the mistake of skipping the pre-listing inspection. You might be tempted to wait and have the buyer pay for it. The problem with this is that a buyer-initiated inspection often ends up costing the seller more money. Buyers typically overestimate how much money it will take to make needed repairs, and choose more expensive contractors.
Getting the pre-listing inspection done turns the tables on this situation. You won’t have a buyer interjecting their ideas if you get the repairs done before listing day. This has the potential to save far more than what you will pay for an inspection.
Price Your Home Effectively
One of the best benefits of a pre-listing home inspection is that you gain the needed information required to price your home accurately. Knowing your home’s defects before listing makes pricing the house easier. You can lower the price a little when you are leaving some repairs for the buyer to handle. If you make all the needed repairs, then you can set a higher price.
Be Seen as Trustworthy
Buyers are wondering if there is anything wrong with the house the moment they step foot in it. When they’re met with a pre-listing inspection report and see clearly what the issues are, they will trust you more. This helps speed up the process of the transaction.
Make a pre-listing inspection part of your home-selling plan.
Northern Florida Home Inspections provides pre-listing inspection services to home sellers. Contact us to schedule an appointment.