Because you’ve been living in your home for a while, you’ve probably grown used to the wear and tear. But just because you see past the flaws doesn’t mean that potential buyers will. When somebody is investing in a new home, they’ll want what they’re buying to be in tip-top condition. Before you put your home on the market, it’s a good idea to have a home inspector perform a pre-listing inspection. This can help you stay ahead of the curve when it comes to what a buyer might demand during escrow, and in other ways as well.
A Pre-Listing Inspection Can Save You Money
It might sound like a lot of work to take care of repairs to your home before you put it on the market, but doing so could help you save a great deal of money. When the buyer’s inspection occurs, the home inspector will likely uncover plenty of items in need of repair. This means that the buyer will most likely ask you to reduce the price of your home, give them credit, or ask you to take care of the repairs within a short period of time. If the issues are severe, this could even cause the buyer to withdraw their offer. A pre-listing inspection will help you to detect issues with your home that could sink a sale, giving you time to address them at a nominal cost before a buyer’s inspection turns them up.
You Could Be Able to Close More Quickly
A pre-listing inspection will give you the opportunity to get your home into the kind of shape that’s appealing to buyers. It’s likely that this will make the sale go faster and shorten the negotiation process.
A Pre-Listing Inspection Can Give You a Leg Up on the Competition
Having a pre-listing inspection will show potential buyers that you’ve invested in the maintenance of your property. They may feel that you are honest and trustworthy, and the home you are selling could become more appealing since you will already have dealt with its major issues. You could also end up with the edge in negotiations with the potential buyer, who will find few if any reasons to ask you to reduce the price or to perform additional repairs.
You’ll Be Able to Address Deal-Breakers Ahead of Time
While you’re not required or even expected to take care of every flaw discovered during your pre-listing inspection, your home inspector will be able to alert you to which defects and safety issues could be considered deal-breakers by potential buyers, including mold, roof problems, and foundation issues. This way, the buyer is far less likely to walk away from the table after having made an offer.