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you are selling a home, you'll get the highest price in the shortest
time, if your home is in top condition. And you want to find out about
any hidden problems before your house goes on the market.
Almost all real estate sales contracts include the condition that the
contract is contingent upon completion of a satisfactory inspection.
This is known as the inspection contingency. Buyers will insist on a
professional home inspection performed by an inspector they will hire.
If the buyer's home inspector finds a problem, it can cause the buyer
to get cold feet and the deal can often fall through. At best, surprise
problems uncovered by the buyer's inspector will cause delays in
closing, and usually you will have to pay for repairs at the last
minute, or take a lower price on your home.
It's better to pay for your own inspection before putting your home
on the market. Having a pre-listing inspection performed by licensed home inspector will make the whole sale process easier. Find out about any
hidden problems and get them corrected in advance, on your own terms, or present the items "as-is" and reflected in the purchase price.
Otherwise, you can count on the buyer's inspector finding them, at the
worst possible time, causing delays, and costing you more money.
One of the key benefits of having the inspection done early, is that
if there are any problems discovered that need to be repaired, you can
have the repairs done on your own terms, on your own schedule. When a
problem isn't found until the buyer has an inspection performed, the
deal you've worked so hard to get done may fall apart unless you act
quickly to get the repairs done. Or you may have to take a lower price,
in order to keep the deal moving. In either case, you'll almost
certainly have more headache, and spend more money, than if you'd known
about the problem and had it repaired before negotiations began. You
could save thousands by simply being able to shop around and get
competitive bids from contractors, rather than being forced into paying
for a rush job at the last minute. Another area where you can save
money is in having flexibility to choose the materials used in repairs.
Sales contracts usually specify repairs must be made using materials of
comparable quality. By identifying needed repairs early, youll have the
option to save money by using less expensive materials for the repairs.
You can also benefit from simply offering certain items "as-is".
Often, you can negotiate with a buyer to accept items in the current
condition by stipulating that they are reflected in the purchase price.
But that same buyer may walk away from the deal if the conditions come
as a surprise, after an offer has already been made. If the home is
inspected before the house goes on the market you will be aware of the
condition of the house before an offer is made. There won't be any
surprises and the deal is far less likely to fall apart. It takes a lot
of effort to get a sales agreement signed in the first
place. If the inspection turns up problems, the buyer will want to
negotiate a new deal and that second sales agreement is usually even
harder to get done than the first one.
By having a pre-listing inspection done, you can identify problems
early. Then either correct them or present them as is, assuring that
the first offer you accept can move quickly and smoothly to closing
without delays or costly surprises. In a highly competitive market, a pre-lisitng inspection may be just the thing that differentiates YOUR home from the competition. Talk to your Del-co Realty agent to discuss your options and see if a pre-listing (seller) inspection is right for your situation.
Ask your Del-co Agent about YOUR Seller Inspection discount if you list your home with us!
Pre-listing (Seller) Inspection information reprinted with permission. ©High Tech Inspections.