Pre-listing inspections benefit all parties involved, and they are gaining in popularity. Here are seven benefits to a pre-listing home inspection:
1. Time – Selling agents are given time to help the seller decide what areas to work on to improve the home’s appeal.
2. Options – Sellers can choose who they want to perform the inspection and assist in providing details of equipment maintenance, supply dates of improvements and explanations for current conditions.
3. Flexibility – Sellers gain more time to make repairs and compare bids on work to be done, and can truly provide full disclosure to their potential buyers.
4. Accurate pricing – A pre-listing home inspection helps the agent set the seller’s price expectation and can be used to substantiate a higher asking price.
5. No surprises – Agents will have fewer issues to negotiate at the 11th hour, and buyers may even waive their inspection.
6. Full disclosure – Buyers’ benefits include receiving a third-party review of the home’s condition before making an offer which can assist in procuring financing.
7. Stress relief – The inspection can remove any doubt the buyer might have regarding any initial concerns and may also reduce the stress associated with purchasing a home.
Pre listing inspections may eventually become the more common home inspection, but the importance of having a home inspection as part of the home sales process cannot be understated. It protects all parties involved by providing invaluable information so that educated decisions can be made.
Editor’s Note: This is an updated version of a story originally posted on June 23, 2011.
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