It’s common for a buyer to pay to have a home inspection done before purchasing a home. However, as a seller, you could actually have a pre-inspection done before you list your home for sale. There are many reasons to have an inspection done and here are a few of the top reasons.
Chance to Fix Issues Before Listing
If the inspection comes back with issues you can get fixed before listing your home for sale, it could save you money. When these same issues come back from the buyer’s inspection, they might negotiate for a higher repair credit to fix them than it might cost. If given a range of price for fixing the issue and buyers will aim to negotiate for the higher of the two numbers.
Fixing the issue yourself will not only allow you to only pay the actual price, but it will also make your home more desirable. When a buyer has the home inspected, that same issue you found during the pre-inspection won’t come up again.
Better Home Pricing
After a pre-inspection, you will know if there are any big issues. If there are, you will be able to price the home accordingly to ensure you get the most out of it. In addition, if the home doesn’t have any issues, you will be able to price the home reflecting this fact.
When you get the pre-inspection back, you can clean it up as best as possible. Maybe it came back with three minor issues you can easily fix for a few hundred dollars. Once these are fixed, you’ll take those potential negotiation chips off the table for the buyer.
Should you have a full Pre-inspection done or just inspect big ticket items?
Some home sellers will only have the more expensive items inspected, such as the HVAC system, crawlspace or roof. This could be a good strategy for sellers that want to make sure no big surprises are found during the buyer’s inspection, thus helping the buyer have confidence in their decision to buy the seller’s home.
Having a full or partial pre-inspection done before selling your home is a great move. It will give you an accurate idea of the condition of the home and will allow you to fix anything you can before listing it for sale.
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