When you decide to sell your home, there is work to do before placing it on the market. One option sellers have is to get a pre-listing home inspection. You’ll pay for the inspection upfront, but it’s well worth it to learn about any existing issues. With this knowledge, you can prepare for the sale and reduce the chances of a deal falling through. Here are some of the reasons to order a pre-listing home inspection.
A Pre-Listing Home Inspection Offers Many Benefits
1. A Home Inspection Finds Problems Before Listing
Most buyers will order a home inspection before the sale is final. Unforeseen problems can slow the sale process and delay the closing. Knowing in advance what repairs are needed gives the seller time to fix any issues or alter the listing price to allow for repairs. A pre-listing home inspection alerts you to any issues so you won’t be derailed by unexpected repairs that could affect the sale.
2. A Pre-Listing Inspection Leads to a Smoother Transaction
A pre-listing home inspection simplifies the overall selling process. As a seller, you can choose to fix any problems found or disclose these to prospective buyers. Putting these issues on the table from the start eliminates time-consuming back-and-forth negotiations between parties. Full disclosure of defects gives the buyer confidence that you’re a trustworthy seller and reduces the likelihood that they will ask for a lower price.
3. Accurate Pricing is a Benefit
Sellers evaluate criteria like the market price of homes sold in the area and the appraisal value to set the listing price of their home. Knowing about any major issues makes it easy to ask a fair price. A seller who doesn’t want to be responsible for repairs might opt to list the home at a lower price and hope for a buyer who wants to do the work themselves.
4. An Inspection Saves the Seller Money
When a buyer hires a home inspector, they may adjust their offer based on the findings in the report. After their inspection, the buyer might renegotiate your asking price or request repairs to be made before closing. In an effort to move the sale forward, you’ll likely have to quickly fix issues and use contractors selected by the buyer. A pre-listing inspection helps you save money because you can fix the problems yourself on your own timeline, or you can shop around and hire a professional at a more competitive price.
Make the process of selling your home simpler and more transparent by being proactive. Capitalize on the benefits of a pre-listing home inspection for a smooth transaction.