Preparing a home for sale takes a lot of effort, making sure every space is in tip-top shape for upcoming open houses and home tours. What will make your open houses less stressful is having a pre-listing home inspection.
Although it is usually the buyer who pays inspectors, doing so, might expose you to a lengthy closing period, the need to negotiate and re-negotiate repairs, and the possibility of the sale falling through. It is best to be prepared before any negotiation even happens.
Here are some of the benefits of pre-listing home inspection.
Identify what to repair in advance
A qualified inspector can examine your home closely during a home inspection to ensure it is free of major flaws. Wouldn't it be better if a home inspection uncovered something that needed to be fixed before you put your house on the market? If you don't have a pre-listing inspection, you won't find out about any potential problems with your home until the final inspection during the closing process, which can throw a wrench in the works and lead to last-minute negotiations.
Know your property's value
When you don't know what condition something is in, how do you price it? A pre-listing inspection will help with this. You'll have a much better idea of any defects or harm your house has after a home inspection, and you'll be able to price it accordingly. Having that knowledge, you can then fix your home to be at par with your neighborhood.
If you decide not to correct the problems discovered during the pre-listing inspection, the maintenance costs can be factored into the home's asking price. You should then demonstrate to customers that, despite the home's flaws, they will be able to purchase it at a lower price as a result. You will, on the other hand, raise the asking price if you wish to make repairs or if you get a clean home inspection.
Smooth buying process
One of the most significant advantages of a pre-listing home inspection is that it will help to expedite the purchasing process. Getting a pre-listing inspection will help alleviate anxiety. While a pre-listing home inspection cannot always replace a buyer's inspection, it may give a buyer peace of mind that there would be no unpleasant surprises. This will help to speed up the decision-making process.
Avoid last-minute negotiations
Unexpected repairs are also the source of last-minute negotiations. Buyers can argue for a lower price if problems are discovered during inspections. A pre-listing inspection will reveal possible problems, allowing owners to either fix them before listing the property or change the price to cover the repair costs.
Contact Midwest Realty for more assistance with your buying or selling process.