For a buyer in a real estate transaction, the inspection report is the biggest tool they have in terms of having to negotiate repairs and/or a price reduction, giving them the upper hand in the negotiation after you’re under contract. As a seller, you can tip the scale back to your favor by having a pre-listing inspection done, which will help minimize surprises and ensure the likelihood of smooth sailing when it comes to the eventual sale of your home. Below are a few of the ways that having a pre-listing inspection performed prior to going to market can benefit you and the sale of your home or building.
Identify Problems Upfront
There’s nothing more demoralizing than getting your house ready to sell, pricing it accordingly, only to realize in a month when the buyer has an inspection performed that it needs $10k worth of repairs. Having no surprises when you finally take the step to put your home on the market can make for an infinitely smoother transaction.
Potentially Higher Asking Price
Should significant repairs be discovered and completed it may be an option to incorporate the price of the repairs into the sale price.
The Ability to Move Faster to Closing
If repairs have already been identified, the back and forth negotiation process should be considerably less.
Lower Chance of Repairs Requested by Buyer
With a pre-inspection performed it’s all the more less likely that a buyer will ask for additional repairs to be done since the seller has likely corrected any major deal breakers.
If a seller has done everything humanly possible to get their home ready to sell, they should feel empowered with a sense of confidence when working with any potential buyer knowing that they’ve done everything possible to mitigate any possible repair-related glitches.