Pre-Listing Home Inspections


Should I Have A Home Inspection On My Home Before Selling It?

Getting your home inspected before you list it for sale can streamline  the sales process and help you avoid any unexpected surprises. What most  sellers don’t realize is the home inspection is the place where more  sales fall apart than any other. A pre-listing home inspection will allow you to get a clear picture about the state of your house –  including any problems that may derail a sale. You will have a chance to  address major issues, and the information you gain from the inspection  will be useful in pricing your home. Getting your own pre-sale  inspection can be an important part in preparing for a buyers home inspection. By getting most or all of the problems taken care of you increase the chances of having a smooth and pleasant transaction.

Why You Should Get A Pre-Listing Home Inspection with Abbott Home Inspections

Home inspections are generally performed on behalf of a buyer so that  the party purchasing the home knows the true condition of the house. As  a seller, you are not required to get an inspection. But there are  several reasons why you should consider a pre-listing inspection,  including:

1. Reduce the stress of selling your home.

By getting an inspection before listing, you can help eliminate a lot  of stress surrounding the sale. It is normal to worry that your home  may have some hidden problems that you are not aware of. With an  inspection, you will know if any such problems exist and have the  opportunity to address them. You are also able to work on your own  schedule with a pre-listing inspection as well. There is not a rush to  get it done, because you only have to list when you want to list. With  an inspection after the listing, you will have to meet the requirements  of the sales agreement. This means making sure all of the issues are  taken care of before the closing takes place. The home inspection will  be one less reason why your sale could possibly fall through.

2. Help with pricing your home correctly.

The price you set for your home is one of the most important parts of the sales process. Priced too high,  you will keep buyers away. Priced too low and you will make less money  than you could have. But how do you price something when you do not know  what it consists of, or what state it is in? With a home inspection,  you will have a much better understanding of any negative aspects of the  house, and can price accordingly. You may also be able to price the  home slightly higher if you discover that there really is nothing wrong.

3. Speed up the sales process.

Pre-Listing Home Inspections Can Speed Up The Sales Process

A buyer that knows you have already had the home inspected is going  to feel a lot more comfortable making an offer. No one wants to buy a  house that has a bunch of hidden issues. With the inspection in hand,  you can demonstrate that the home is in great shape and worth the price  you have set. And if there are issues, you can be upfront about them and  make it clear that the reasonable price of the home reflects the  knowledge of those issues. One of the top home selling tips that real estate agents often recommend to their clients is to make  sure repairs are made to major items in the home. It makes perfect sense  because what buyer wants to deal with the problems of someone else when  they don’t have to? By addressing all the issues you can market your  home to a buyer as being problem free to the best of your knowledge.

4. Allow you to make repairs.

The inspection may uncover some problem areas that your real estate  agent suggests you deal with before listing the house. You can have the  work done and have the home re-inspected before you list it so that  buyers know that everything is in good condition. Without a pre-listing  inspection, you will not discover problems until the final inspection  before money exchanges hands, which can throw a big wrench in your sale.  Besides the general home inspection where the structure and mechanical  items are checked it can also be important to get a handle of some of  the other major issues that can be discovered in a home inspection like  mold and radon either in the air or the water. 

5. Avoid the need for renegotiation.

The carefully considered offer from the buyer may be thrown out the  window if the buyer’s inspection discovers any serious issues with your  home. It can be upsetting to see the deal you were relying on begin to  crumble, and salvaging such a deal can lead to renegotiation that  ultimately leave you on the losing end. With a pre-listing inspection,  you can avoid such a situation.

6. Help improve buyer confidence.

Buyers are in a difficult position, so it is normal for them to  retain a healthy amount of suspicion when considering a home purchase.  For most people buying a home is the most money they will ever spend on a  single item. A buyer will need to calculate what he or she can afford  for the purchase price, as well as how much money will be required to  live in the home and keep it in good repair in the future. If the buyer  has any thoughts that the home might have hidden problems, the offer he  or she makes will reflect that. A pre-listing home inspection can help  eliminate much of the doubt about the home. Knowing that the home has  already been examined and that there are no problems allows the buyer to  make a confident offer.

7. You make your agent’s job much easier.

When  you hire a real estate agent, you are hiring someone who will handle  all the pricing and negotiations for your home. Working with a Real  Estate agent will definitely save you a lot of hassle, but it is  important to be aware of the challenges your agent faces in getting the  job done. Even with considerable experience and a great reputation, the  agent still has to price the home correctly, find the right buyer and  ensure that you get a good price for your home.

With a pre-listing inspection, you make all of these tasks simpler  for the agent, which allows him or her to get you better results. When  the agent knows the exact state of the house, it is easier to compare it  to other homes that have sold in the area, which leads to a more  accurate price. The inspection also makes it easier for the agent to  find buyers, because buyers are attracted to homes that have already  been inspected and have very little problems. And when it comes to  negotiations, there are no unknowns. The price doesn’t need to be  lowered very much, if at all, when it reflects that true state of the  house.

Keep in mind that even though you have done a pre-sale inspection,  the buyer will more than likely want to have their own inspection as  well.  to not only understand what the buyers home inspector says but to make  sure the buyer does not exaggerate any of the issues. Buyers are  notorious for using a home inspection as a point of renegotiation. Often  times buyers will try to negotiate for things that are non issues. At Abbott Home Inspections of Colorado Springs, I will provide you with everything you need to defend your property against non issues.