A home inspection is usually conducted after a potential buyer has placed an offer on the home and the offer has been accepted. A professional inspector visits the home and reports on any defects, deferred maintenance, and the condition of major components such as the water heater and HVAC unit.
Depending on the inspection report, the original offer might be adjusted by the buyer. The purchaser might ask for updates or repairs, renegotiate the price of the home, or walk away.
To avoid the surprises of a buyers home inspection, homeowners can schedule a pre-listing home inspection to find out about any issues before the home is placed on the market. Read on to learn more about the benefits of a pre-listing home inspection.
Benefits of a Pre-Listing Home Inspection
Hire a skilled home inspector to perform a thorough home inspection before you list your property for sale. The inspection will help you decide what to address on your own and what you can expect to see in the buyer’s inspection.
If there are significant problems that may hurt the deal, you will have the opportunity to fix them before even listing your house. If you are aware of a particular item and decide not to repair it, disclosing it to the purchaser often prevents trouble during negotiations.
A pre-listing home inspection report given to the potential buyer upfront is a good way of marketing your property since you’re hiding nothing and providing full disclosure.
Below are more benefits of a pre-listing home inspection:
1. Contractor of Choice
If your home needs professional repairs, you’ll have time to complete them before listing your home. Instead of finding a contractor to work within a time frame to please a potential buyer, you can shop for the right skill, price, and availability to make sure that you are happy with the work done.
2. Informed Pricing
There are some items in the inspection report that a homeowner may choose not to fix. If you cannot afford to repair a foundation problem or you do not want to replace a failing roof, these issues can be disclosed to the buyer and reflected in a lower list price.
Homeowners should work with a real estate agent to come up with the correct selling price for the home based on the pre-listing inspection report. Your selling price might be lower than you wanted, but it will be accurately priced for your property in its current condition.
It’s helpful to understand the issues that may be discovered in your house during a professional inspection. The seller is not consulted during the buyer’s inspection, so one of the benefits of a pre-listing home inspection is that the homeowner is present and can talk with the inspector about the report. This way, the seller can better decide what problems to repair or disclose upfront.
When is it Right to Carry Out a Pre-Listing Home Inspection?
Benefits of a pre-listing home inspection are for homeowners who order the inspection before they list the property on the market. Scheduling an inspection should be among your top priorities once you decide to sell your house.