Pre-Listing Inspections: Top Benefits

Getting an inspection isn’t a requirement if you’re selling your home, but it can be a smart move. A pre-listing inspection can help make the entire home selling process easier. Pre-listing home inspections can prevent several issues from arising that may make it tougher to sell your home once it goes on the market. Using these inspection services can also help strengthen the trust between sellers and buyers. A pre-listing or seller home inspection can provide you with a wide range of benefits. Read on to learn more about these inspections, what they mean for you, and the benefits of getting a pre-listing inspection before you sell your home.

What does it mean to pre-list a home inspection?

So, what is a pre-inspection? In a nutshell, it’s when a seller hires a professional home inspector to assess their home before listing it for sale. The process is the same as a buyer’s home inspection, and you’ll receive the same report. However, once your home is on the market, it’s the buyer who pays for and chooses to get a home inspection. The goal of pre-listing home inspections is to give you a head start on any repairs or other issues that need addressing. With your inspection report in hand, you’ll have the opportunity to make some changes to your home before potential buyers know there are problems. Once you have a better idea about the condition of your home, you’ll also be able to list it for a fair and accurate asking price.

Top Benefits of Pre-Listing your Inspection

The benefits of getting a pre-listing inspection are many. Here are some of the top benefits that can help to make the home selling process go more smoothly for you and your buyer.

Conduct Necessary Repairs in Advance

One of the most important benefits of pre-listing inspection is that you’ll have a chance to make repairs before your home goes up for sale. If the inspector notates any defects, it’s up to you to determine whether they’re worth fixing or not. The buyer’s inspector will find defects that you weren’t previously aware of in some cases. The buyer may request that you make the repairs using their choice of contractor but that you pay for it out of your own pocket. When you choose to get an inspection yourself, you can determine who will make repairs and how much you want to pay for them. This means that you’re not only getting peace of mind but that you’re also saving money, too. You’ll also have the luxury of taking your time finding the right contractor and getting several estimates. Be sure to keep all receipts for any of the repairs you make to use them to show buyers during the negotiating process.

Understand Current Condition of Your Home

Most homeowners live in their homes for several years before they decide to sell. There could be a few issues with the property that sellers know about but simply haven’t addressed. Some sellers choose to disclose these issues ahead of time, but some don’t. When a buyer gets a home inspection, they’ll be made aware of these issues on the inspection report. The inspection can also uncover problems that the current owner wasn’t even aware of. If the problems are severe, the buyer could back away from the deal or demand that repairs be made before signing a contract. Getting a pre-listing inspection allows you to get a clear picture of the current condition of your home so you can determine what to fix, what to disclose, or what to improve.

Compare Results to Buyer Inspection

If you get a pre-listing inspection, make sure you get one from a trusted home inspector. The inspector’s report will give you something to compare when the buyer gets their own inspection. If you notice many more defects on the buyer’s report, you can show them the differences. It could be that the buyer’s inspector missed something or that they simply made a mistake. Having something to compare to allows the seller to ask their inspector to come back out and verify anything shown on the buyer’s report to confirm whether or not it’s accurate. If the buyer’s report is incorrect or problems are exaggerated, you’ll have proof.

Simplify the Agent’s Job

Getting a pre-listing inspection can help make your real estate agent’s job easier. The report helps them price your home correctly and ensures that you’re getting the right price your property is worth. The agent can also use the fact that you’ve gotten an inspection as a selling point. The cost to get a pre-listing inspection is affordable and well worth the effort, especially if you want to sell your home quickly and for a great price. It also gives you the edge over other sellers even before the property goes on the market.

Buyer May Accept Results

In some cases, the buyer may simply accept the results of your inspection, especially if there are no significant defects. This is particularly true if you did the inspection recently without much time between the inspection and the home’s list date. To save money, some buyers may determine that your inspection is enough for them to skip getting their own separate inspection. This saves your buyer money and time and can help to shorten the time before closing. Adding that the home has had a pre-listing inspection to your description also means that your property will be more in-demand than other homes. Buyers can still choose to get their own inspection for comparison, but sometimes, they’ll use your report and accept the results.

Bottom Line

Pre-listing home inspections are a wise way for sellers to save money and time. These inspections can also put your property ahead of the competition and give you insight into the condition of your home. If you’re a professional home inspector looking for quality software to help your business grow, be sure to check out the awesome features from Inspection Support Network today.