It’s rare that a house is sold without a home inspection. Usually, the buyer orders an inspection, but an increasing number of sellers are also having inspections done before putting their homes on the market. Inspections are a valuable part of a real estate transaction and more sellers are realizing the benefits of a pre-listing home inspection.
The Benefits of a Pre-Listing Home Inspection
As a seller, you want to minimize costs as much as possible. So, you might wonder why you should pay for a home inspection. Take a moment to look at the benefits of a pre-listing home inspection to see why this is money well spent.
1. Knowing What to Expect
A buyer’s home inspection can bring unpleasant news to buyers or sellers. It puts the seller in a position to be reactive about any problems, rather than proactive, potentially costing the seller a significant amount of money. When you take advantage of a pre-listing home inspection, you’ll learn about any issues with your property before you have a buyer under contract. This gives you more time to make decisions and handle repairs on your own schedule.
2. A Pre-Listing Home Inspection Helps You Prepare Your Budget
Another one of the benefits of a pre-listing home inspection is that it gives you priorities in the home selling process. If you learn that you need to spend thousands of dollars on a new roof, you might not have the money to give the exterior of your home a fresh coat of paint or to hire a professional to do staging work. Simply being able to plan your budget wisely is important for the successful sale of your home.
3. Peace of Mind for Buyers
Having a pre-listing inspection report available is attractive to potential buyers. When buyers see that you’ve already done some of the legwork, they’re more likely to place an offer. Sharing the inspection report and your records of completed repair work is a great way to build trust.
4. Set a More Accurate Listing Price with a Pre-listing Home Inspection
Ordering a pre-listing inspection helps you to price your home more accurately. In some cases, this might mean raising the price of your home to recoup the money spent on repairs. In other cases, this might mean lowering the price on the home to make it more attractive despite flaws.
What’s important, though, is that you have the data you need to make an informed decision. When you price intelligently, you stand a better chance of selling the home for what it’s worth.
If you’re selling your home, call a professional for an inspection. Not only will it help you understand what repairs should be done before listing, but it will provide you with the knowledge to price your home accurately.