Save Time and Money with a Pre-Listing Home Inspection
It might be a "seller's market" right now, but it's still a good idea to do everything you can to make sure your home sells for the right price. Getting a pre-listing home inspection is a simple step that can make a major difference. This inspection is paid for by the seller and is typically done before the home is placed on the market. While you might think this is unnecessary, there are several important benefits you'll enjoy. Here are a few of the most important:
You'll Be Able to Make Repairs Before Listing Your Home
Nobody wants to be blindsided when they're trying to sell their home. Getting a pre-listing inspection will allow you to learn about any problems and take care of them before putting your house on the market.
Making simple repairs can help your home show better. You may also save money by giving yourself the time to shop around for contractor options, buy materials when they're on sale, and allow for a longer timeline.
Even if you decide not to make the repairs, you'll have the peace of mind that comes with knowing you won't run into any unpleasant surprises when the buyer's inspection comes in.
It Allows You to More Accurately Price Your Home
If there are problems with your home and you don't want to fix them, you can factor the cost of the repairs into your asking price. Since buyers often overestimate the costs of repairs during negotiations, taking care of issues ahead of time could save you a significant amount of money.
On the other hand, if you have a home inspection that shows your property is free of issues, you may also be able to ask for a higher price.
You'll Enjoy a Smoother and More Efficient Transaction
The last thing you want to do is get into a long negotiation with the buyer after your inspection. When you don't have to deal with haggling over recently-discovered repair needs, you'll go under contract and get to closing far faster.
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An inspection that shows a major problem is one of the main reasons buyers walk away from a deal. Since the buyer will receive full disclosure ahead of time, there's also less chance that they'll be surprised by something and change their mind or demand a far lower price.
You'll Gain the Buyer's Trust
Since buying a home is a huge financial commitment, it makes sense that buyers are sometimes wary. By providing your pre-listing inspection ahead of time, you're showing that you're trustworthy and aren't trying to hide anything. This will make the buyer feel more confident and may increase the chances of getting a fair offer much faster.
It Will Make Your Listing More Competitive
While getting a pre-listing inspection is becoming more popular, it's still not done by all sellers. If your home is the only one on the market that has one, your listing will be more competitive. This makes it more likely that you'll receive an offer quickly and at the price you're looking for.
A pre-listing home inspection shows potential buyers that your home is safe and secure. It's easy and inexpensive to obtain one, making it well worth the effort.
Reene' Ferguson, Realtor
Key Realty | Livonia, MI
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