For years now, we’ve been recommending that home sellers pay for a professional home inspection when they list their home for sale so that both parties know the home’s strengths and weaknesses before an offer is ever made. With current market conditions favoring buyers, savvy home sellers understand that paying for a professional home inspection can help them better position their home within the current market.
The large inventory of homes currently for sale provides buyers with more options, and buyers tend to prefer homes that are in move-in condition. A professional home inspection is one more tool that a seller can use to determine how close their home is to move-in condition and to prioritize improvements and upgrades to best compete with the other homes for sale.
The home inspector evaluates the home’s major systems and provides a report identifying areas of concern. The inspector’s job is to point out both the good and the bad about a property. Then it is up to the home seller, with advice from their Realtor, to identify a strategy for improvements and positioning. A copy of the home inspector’s report, along with copies of receipts for any improvements and upgrades, can be made accessible to potential buyers.
A thorough home inspection often uncovers problems unknown to the sellers. By having an inspection up front, the seller has an opportunity to address minor problems that might seem major once a contract has been signed. Plus, the home will show at its best.
Buyers may be more interested in a pre-inspected home because there shouldn’t be any big surprises after the contract is negotiated. An uninspected home may have the buyer coming back within a week or two (following their own inspection) requesting upgrades, allowances, or price reductions, all of which are a hassle and inconvenience to both parties.
The buyer still has the option of obtaining their own professional home inspection, but there is less likelihood of unexpected surprises and a greater chance the sale will go through as originally negotiated.
Copyright © Shawn Buryska