In the process of selling your home, you have the option to hire your own home inspector for a pre-listing home inspection. Typically, the buyer hires an inspector, but as a seller, you can benefit from having a home inspection first. An inspector will come to your home before listing and assess both the minor and major systems. You’ll receive an inspection report with their findings when it is complete. Here are five ways you can benefit from an inspection before putting your house on the market.
5 Benefits of a Pre-Listing Home Inspection
1. Discover the Condition of Your Home
One of the most disappointing things for a seller is the sale falling through based on the results of the buyer’s inspection. Your own inspection will uncover any potential problems or issues before you show your home to prospective buyers. The report gives you a chance to fix the problems and sell your home in the best possible condition, or adjust your list price to allow for repairs.
2. Accurate Pricing
Price your home accurately for the neighborhood, size, type, and the market. If your price is too high, you’ll scare prospective buyers away, and if your price is too low, you risk losing out on a lot of money. Use a realtor and the pre-listing inspection report to determine the asking price.
3. Make Necessary Repairs
Your pre-listing home inspection details any needed repairs before you list your home. Fix any major issues like a leaking roof or mold growth before listing. Waiting until the buyer receives their inspection report shortens your time to make repairs since you only have until closing to get everything done. It could be more expensive and stressful to rush your repairs at the last minute. The closing date may also get pushed back and frustrate all parties.
4. Less Chance of Negotiations With a Pre-Listing Home Inspection
Buyers have leverage when their home inspection report comes through because they can ask for a lower price based on problems with the home. Negotiations can be frustrating and cause tension between the buyer and seller. If you’re transparent with the findings of the pre-listing home inspection, there is less room for negotiation.
5. Improve Trust and Confidence
Offering a pre-listing home inspection report to potential buyers builds trust. They know that you aren’t trying to hide anything and won’t be surprised with pricey repairs. The buyer is more likely to place a solid offer with confidence.