Preserve Your Equity with a Seller Pre-List Home Inspection!

A great way to increase the marketability of your home is to complete a home inspection prior to listing. Typically the buyer completes a home inspection during the 10 day inspection period. The goal of the buyer’s home inspection is to uncover any potential problems or costly repairs before purchasing the home and while there’s still time to negotiate. Here’s why you should consider completing a home inspection prior to listing your home:  

 

  1. Completing a pre-listing home inspection can save you money. Even if you choose not to fix the items found prior to listing, knowing the costs of repairs that a potential buyer will likely want to be repaired will help you determine which offer to choose. These repairs affect your bottom line.
  2. Having a pre-listing inspection completed reassures prospective buyers and makes your home stand out from other homes.  Knowing that a home inspection has been completed provides an open book atmosphere and a goodwill gesture to the buyer. It removes one of the unknowns buyers face when purchasing a home and makes the process smoother for the buyer.
  3. A lot of needed repairs can alter the buyer’s perception of the house. If a buyer sees a long list of repairs needed it may make the buyer feel the house is worth less than the price they originally agreed to pay. It also may make them feel that you did not take good care of the property regardless if you did or not. The buyer may try to negotiate a lower price.
  4. It can affect your list price. If there is a big ticket item that you don’t have the money to fix out of pocket, you can adjust the list price to reflect the repair needed. Explaining to a buyer that you have already factored in this needed repair into the list price stops the buyer from discounting your home.
  5. A home inspection can make or break a deal. 42% of transactions fall thru due to inspection issues.  A seller pre-list inspection helps avoid delays and cancellations. Knowing the condition of your home avoids any surprises after accepting an offer. It also can help avoid delays in closing due to the buyer waiting to order the appraisal until all repairs are negotiated or if there is a timely repair that needs to be completed prior to closing.

Preserve your equity and streamline your home selling process today by getting a pre-inspection before you list your home.

If you have any questions please feel free to call Cinda Rose at 623-252-9350 or email at cinda@wvhometeam.com.

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