Speed Along the Real Estate Transaction with a Pre-Listing Home Inspection
Adapted from: RealtyTimes.com
Arguably one of the more significant steps of the home-buying process is the home inspection.
Done properly, the home inspection allows buyers to gain a clear understanding of the property they are about to purchase as well as provide sellers the knowledge of what can (or should) be improved at their home. Pre-listing inspections provide an added benefit for the buyer, seller and real estate agent, and often allow sales transactions to be completed more quickly.
Build Trust with the Buyer
For homebuyers, a pre-listing inspection builds confidence. It allows buyers to immediately know all the under-the-surface details within the home. If there are parts of the home that need fixing, the seller’s repairs can increase the asking price or be touted in the listing description to help a home stand out. Where repair issues are identified but not repaired, credibility through disclosure is gained and the issue is factored into the pricing upfront. In each case, sellers who disclose the condition of a home upfront gain the trust and faith in a buyer during the initial stages of their purchasing decision.
Spotlight Your Home
A pre-listing home inspection report is a great marketing tool for sellers and agents because it clearly points out the best features of the property. Any recent home renovations will be noted and stand out to buyers. These updates can offer both aesthetic and mechanical value with items such as new flooring, new appliances or a new furnace or air conditioning unit. A home buyer likes to see updates have been made to the home as they are often costly – and it reassures them the home is properly maintained.
Planning Can Save Time and Money
For the seller, a pre-listing home inspection allows for time to make repairs before putting the house on the market. They can then make these repairs on their own budget and timeline rather than having to pay for a buyer’s contractor to quickly complete the work.