Inspect Before You List

admin Home Inspections March 24, 2016

Inspect Before You List

A home inspection before you list your home for sale, to many people, seems redundant. There are, however, several very valid reasons for a pre-listing home inspection. More and more people are moving towards completing a home inspection before listing. Even real estate agents are often discussing the benefits with their clients.

So, what are the benefits? First, it is important to understand that a pre-listing home inspection benefits all parties involved in a real estate transaction, sellers, purchasers and realtors.

No Renegotiation
Typically, once an agreement has been made on price and details on the purchase of a home the two usual conditions are financing and a home inspection. When a home inspector goes through your property s/he will always find, at the very least, some minor issues. The minor one’s are not typically anything that will be up for renegotiation. However, if the home inspector finds anything that is cause for concern the purchaser will usually attempt to renegotiate price or conditions. You are vulnerable as repairs need to be completed and you have little time to do your homework.
If you have a pre-listing home inspection you are made aware of all defects prior to listing and have the time to get quotes and resolve the defects long before an offer comes in. Now, once an offer is made, even if the purchasers choose to have their own home inspector go through, there will be nothing of consequence for him/her to find, hence, there is no renegotiation.

Deals will not collapse
As unfortunate as it is, some deals fall through. It can be due to defects found in the house or perhaps the purchaser has gotten cold feet and is looking for anything in the report to get out of the deal. If the home inspection is done prior to listing then there is nothing that can be found that would enable the deal to collapse.

Great Selling Point and Part of the Vendors Package
When the agent is putting together the sellers package the home inspection report can be included to show the vendors due diligence in 1. getting an inspection completed and 2. completing the repairs that were required.

Pre-listing home inspections offer clearer deals that are less likely to renegotiate or fall through and it gives the purchasers, vendors and agents peace of mind.