The Benefits of Having a Pre-Sale Home Inspection

Selling your house can be a confusing process. You want to make sure that you receive the best possible price, but you also want to make sure that it sells at all. Everything you can do to exhibit its value is an asset. Why not make sure that you have the voice of a professional to back it? A pre-sale home inspection might do just that! There are benefits to having the inspection done early on.

Security

Buyers feel secure when they see the results of a home inspection. It assures them that someone has seen the house and agrees that it is safe. The fact that the person inspecting is an unbiased third party who is going through the entire house to find flaws may put them at ease. It further gives them an idea of anything that might need attention. It additionally speaks to their realtor and lets them know that you are a serious seller, with nothing to hide. A piece of paper that states the flaws and strengths of the house may help it sell faster. And you may fetch a better price for it!

Better Value

If the home inspection is already done, that’s one less thing for the buyers to do. This might be a good incentive for them to buy and fast. The document will show the value of the home and that there is nothing to fear in the purchase. If the buyer knows that they won’t have to invest much more money, they will be more apt to purchase. Once the buyers see that the property is worth the price, they will be more likely to sign the papers. They want to know that they aren’t paying too much for something that isn’t worth the price. In some cases, the inspection can also make the home look like a steal. Putting all the cards on the table and showing that the assessment is fair will work in your favor.

Repairs

A pre-sale home inspection gives the buyers an idea of what the home will cost altogether. They will know what needs to be repaired and plan for it. This may be more than they were estimating and compel them to buy. Some buyers may ask that you make certain repairs before they buy or bring down the price to compensate for those repairs. However, this tends to be the case with necessary items that will affect the value or safety of the home. And this will signal to you that they are interested, which is a great place to start negotiations. It is better for you to have a home inspection up front when negotiating at your asking price; than to negotiate, have the inspection done and have to negotiate again after. Your realtor will have a better idea of the home after the inspection and tell you what you should repair and what you can leave for the buyer. This is where you’ll want their expertise in the market and area.

Time

Some properties can sit on the market for a long time before they sell. There are plenty of incentives your realtor can recommend to move the process along or make your property look like an enticing offer. If other properties show a pre-sale inspection, this might help you compete with other properties that are available. If there aren’t many that have a pre-sale inspection, this will make yours stand out. In many cases, the longer a property sits on the market, the more you have to lower the price. Investing the time and money for a home inspection may prevent that. It will be much cheaper to pay for the inspection than it will be to reduce the asking price to attract buyers. Having the home inspected when you decide to sell will also let you know what may need to be fixed in your home before it goes on the market. If you have minor repairs to make and fix them, you can have another inspection done, and the home inspection will work in your favor.

Ultimately, you will want to speak to your realtor about what you can do to make your sale seem more appealing. But, the only way that a pre-sale inspection will be a detriment is if you have something to hide. If there is something wrong with the home or you aren’t sure about the condition, it may be a risk. However, in many cases, buyers want a pre-sale inspection before they close. Whether you pay for one early on or at closing, you will need one. It is better for you to have one early on and use it as an asset than to wait until the last minute and lose a contract just within your grasp. Here is a good article with more information.