If a home seller has Pre-Sales home inspection completed before putting their house on the market, they may be able to increase its value and get closer to their asking price by repairing issues uncovered during the home inspection. One of the main reasons home sale transactions fall apart are issues that are uncovered during the buyer's home inspection. When something unanticipated is discovered during the buyer's inspection of the property, oftentimes the buyers and sellers cannot agree on a remedy.
A professional pre-sale inspection report is great sales tool. It sets your home apart from the thousands on the market. The more information prospective buyers have, the more thought they might give to purchasing the property.
There is a psychology involved in a home sale. Buyers who are aware of a problem up-front can process this information before making an offer. They can factor the cost into their bid, or ask the sellers to take care of the problem. Buyers often have feelings of both excitement and trepidation when they enter into an agreement to buy a home. The impact of an unexpected negative report can destroy their enthusiasm and enhance their fear to the point that they want nothing to do with the property. Oftentimes, they can be so scared off that they walk away from the deal entirely!
Main reasons to have a Pre-Sales Inspection completed:
- Helps the home to sell faster.
- It allows you to see your home through the eyes of a critical third-party.
- Helps the home to sell for a higher price.
- Less chance of a deal killing issue coming up during a buyer's inspection.
- Reduces the need for a second round of negotiations based on the findings of the buyer's Inspector.
- Eliminates the stress from a buyer's inspection where the participants have different interests.
- Lessens the chance of buyers getting cold feet when they find out the home is not perfect.
- Enables the seller to decide which repairs to make, or not make, before putting the home on the market.
- Develops trust between buyers and sellers, and greatly reduces the stress level of both buyer and seller.
- It permits you to make repairs ahead of time so that defects don't become negotiating stumbling blocks later.
- You have the time to get reasonably priced contractors or make the repairs yourself, if qualified.
- Fewer surprises. If the buyer knows most or all the defects up front, the defects take on their proper perspective.
- It may alert you of items of immediate personal concern, such as unknown electrical service deterioration.
- It may relieve prospect's concerns and suspicions.
Copies of the inspection report, along with receipts for any repairs, should be made available to potential buyers.
Most states, including New York, license their home inspectors. Have a reputable home inspection company like All Aspects, who are licensed and certified members of A.S.H.I., perform your inspection. This will give you peace of mind knowing your home inspector performs to the highest standards in the industry.
A seller's report is not meant to replace buyer's inspections. It's to uncover defects in advance so that the buyer's inspections don't become deal-breakers.
"Remember, a good inspection isn't expensive, it's priceless!"