Benefits of a Pre-sale Home Inspections
Pre-sale home inspections give both the buyer and seller up front knowledge of potential repair/replacement costs and avoid unpleasant surprises.
The following are some of the benefits in conducting a Pre-sale inspection:
Identify defects and make repairs ahead of time:
- By identifying possible defects early on, the seller is in a position to handle repairs prior to listing, making the listing more attractive to prospective buyers. This may mean more money to the seller and a faster sale. Making repairs ahead of time will limit objections over defects during the negotiations. If the seller elects not to repair certain defects that turn up in the inspection, they can disclose the defects to the potential buyers in the disclosure documents.
Aid as a pricing tool:
- Having a completed inspection report from a certified inspector will help you (the seller) arrive at a realistic list price. If you find out, for example, that your furnace or boiler shows significant wear and tear and will need to be replaced before the next winter season, you should take that into consideration when pricing your home for sale.
Provide a feeling of confidence to potential buyers:
- With a clean inspection report in hand after viewing a property, potential buyers may feel more comfortable in moving ahead with an offer. When a buyer can see there are no major defects in the property to be addressed, it is easier for them to determine how much they can comfortably spend on the house. If there is a problem that needs to be addressed, the buyers can write an offer that will reflect the cost of the needed repairs or they can ask the sellers to remedy the defect.