The Pre-Listing Inspection
The
typical home selling and buying transaction includes the buyer having a home inspector come into the home on the buyer’s
behalf. The buyer and their inspector leave your home with more information and knowledge regarding the current condition
of your home than you.
The
scenario places the homeowner in position of wandering and waiting to hear the results of the home inspection. The seller
can and may be totally surprised by a major concern that must now be addressed at the 11th hour. The buyer may
now want the seller to pay to have it fixed, reduce the sales price of the house, or in worst case scenario, return their
earnest money and void the sales contract.
Having
a Pre-List Inspection performed on your home can help the seller avoid some of these situations. First and foremost, you will
be pro-active, instead of reactive, in knowing and understanding the current condition of your home.
Advantages
of having a Pre-List Inspection for your home:
1) You’re being Pro-active and not reactive;
2) You gain valuable information “first” regarding the current
condition of your home;
3) You eliminate the “shock value” of having someone else
tell you the condition of your home
4) The report can help you and your agent realistically price the house:
a)
you may identify and perform the needed repairs and be able to substantiate a higher price if the problems have been corrected;
(b) price and sell the home “as is”.
Both
of these approaches can and may reduce negotiations in the sales contract.
5) The seller may wish to attach paid invoices for the repairs made
for the buyer to view. This can and may reduce some of the buyers’ anxiety and suspicions.
6) The report can give you insight on some areas you may wish to upgrade
(i.e. Smoke detectors, GFCI protected circuits)
7) It shows the potential buyer that you are acting in good faith rather
than receiving the buyer’s inspection report and saying “I didn’t know anything about that”. This
situation can and may make a buyer reluctant or even suspicious.
8) Spending a few hundred dollars upfront on repairs can and may save
you thousands when repairs are negotiated by the buyer to reduce the sales price of your home due to needed repairs. (generally,
negotiated repairs are valued at inflated prices versus the actual cost of the repairs)
Order your Pre-list Inspection
Phone:
803-230-7656
E-mail : jkay@arrowhomeinspectionservice.com
Note: The content here is based solely
on my opinion, experience, and knowledge of home inspections. Additional sources of any information that may appear
in the letter will be so noted. This newsletter is the exclusive property of Arrow Home Inspection
Service, LLC. Any use, duplication, and/or distribution of this letter (in part or in whole of its content) by any unauthorized
persons is prohibited.
Arrow Home Inspection Service, LLC, copyright © 2008