Home inspections are typically conducted on behalf of home buyers who have placed an offer. However, getting a home inspection as a seller brings you several advantages by making the selling process faster and easier.
If you’re selling your home, it’s a good idea to have a home inspection completed before you put your home on the market. The benefits of a pre-listing home inspection are described in this article.
What Are the Benefits of a Pre-Listing Home Inspection?
As a seller, the benefits of a pre-listing home inspection can help you sell your home faster while getting the most value from the sale. Here are five reasons to consider having your home professionally inspected before you list it on the market.
1. Discover Hidden Issues With Your Home Upfront
It’s all too common during the home buying process for the seller to discover problems with the home that they weren’t aware existed, usually as a result of the report from the buyer’s home inspection. By having a pre-listing home inspection completed first, you can uncover any potential issues that may affect the sale of your home and make repairs or updates before placing your home on the market.
2. Price Your Home Correctly
When you’re selling your home, few things are more important than setting the correct selling price. Of course, you don’t want to price the home too low and reduce the potential amount you’ll get from the sale. Conversely, if you price too high, you’re not likely to get any offers. A pre-listing inspection will give you a more thorough understanding of the condition of your home so you can choose the right price for a sale.
3. Save Time
There are many reasons how a pre-listing home inspection can speed up the sales process. The ability to price your home correctly with a current assessment of its condition is one of them. Having a recent home inspection also helps potential buyers feel better about the purchase. Finally, the inspection will allow the real estate agent to market your home more confidently.
4. Increase Buyer Confidence
Home buyers face many challenges while searching the market for a house. Buying a home is one of the largest investments anyone makes in their lives, so it’s natural for buyers to want as much information as possible about the home they’re considering. Having a pre-listing home inspection report to share with buyers increases their confidence since they know more about the home and makes your property stand out over the others.
5. Avoid Re-Negotiation or Deals Falling Through
If there are issues with your home, they will come to light during the buyer’s inspection of the home. The discovery of major problems during the inspection often leads to either a renegotiation of the sale price or withdrawal of the purchase offer. Re-negotiations drag out the selling process and nets you a lower return, and if the buyer walks away you have to start all over. You can avoid these pitfalls by having your home inspected before you sell.
If you’re planning to sell your home, don’t ignore the benefits of a pre-listing home inspection. You can save time, increase buyer confidence, and get a better offer from the sale of your home.