Seller inspections (sometimes referred to as pre-listing inspections) are becoming more popular because they virtually eliminate all the pitfalls and hassles associated with waiting to do the home inspection until a buyer is found. In many ways, waiting to schedule the inspection until after a home goes under agreement is too late.
A pre-listing home inspection uncovers potential surprises that could derail the sale.
A pre-listing home inspection can even expedite the home sale and yield a greater price.
A pre-listing home inspection can give a realistic new view as of the conditions of the home.
If you are ready to sell your home and want to ensure the sale process will go smoothly and quickly, you may want to consider a pre-listing home inspection. A pre-listing inspection, which is paid for by the seller or listing agent, provides a written report as to the pre-sale condition of the property. It could uncover a number of concerns that might compromise the sale.
Typically, home inspections are paid for by the buyer and performed right before closing the sale of the home. By moving the inspection to the beginning of the sales cycle, sellers are able to shorten the process by removing obstacles before they can interfere with a potential sale.
Seller inspections are a benefit to all parties in a real estate transaction. They are a win-win-win-win situation.
Why get a pre-listing home inspection?
1.) Time. Selling agents are given time to help the seller decide what areas to work on to improve the home’s appeal.
2.) Options. Sellers can choose who they want to perform the inspection and assist in providing details of equipment maintenance, supply dates of improvements and explanations for current conditions.
3.) Flexibility. Sellers gain more time to make repairs and compare bids on work to be done and can truly provide full disclosure to their potential buyers.
4.) Accurate pricing. A pre-listing home inspection helps the agent set the seller's price expectation and can be used to substantiate a higher asking price.
5.) No surprises. Agents will have fewer issues to negotiate at the 11th hour, and buyers may even waive their inspection.
6.) Full disclosure. Buyers’ benefits include receiving a third-party review of the home’s condition before making an offer and that can assist in procuring financing.
7.) Stress relief. The inspection can remove doubt in the buyer regarding initial concerns and may reduce the stress associated with purchasing a home.