Should You Have Your Home Pre-Inspected?

Posted by Justin Havre. on Wednesday, October 8th, 2014 at 8:01am.

As a seller, there are a lot of advantages when it comes to getting your home pre-inspected. Most buyers aren't willing to pay $400,000 or more for a home without seeing an inspection first. In many cases the buyer will end up asking for the inspection and paying for it but as a seller, it may be worth your while to shell out the $300-$400 it will cost to get the report. Here are some of the biggest benefits of taking a proactive role in getting your own inspection as a seller:

No unexpected surprises

While your home may look fantastic inside and out, it's really difficult to know what underlying problems may be hiding underneath. By getting a report, there won't be any last-minute surprises to deal with and you'll be able to handle some of the less costly issues yourself. You'll also be able to get contractor bids for any major problems. Then, if the buyer wants a certain amount reduced from the price to handle the repairs, you'll know exactly how much it will cost. In other words, you'll be in a better negotiating position when offers are submitted.

You'll be saving the buyer money

Who doesn't love to save money? When you provide the report upfront, you're instantly saving the buyer the hassle and the cost of securing his own inspection. As well, when you show the report to potential buyers and they see that you have already scratched some of the repair items off of the list, they'll know that you don't have anything to hide. This distinguishes you as a trustworthy seller and gains you points against the competing homes.

Faster selling times

Buyers want to know exactly what they're in for in terms of repairs. When you can supply them with this valuable list it will make decision-making all the more easier for them. The report will give them the knowledge they need to choose your home over others. You can generally expect to sell your home faster when you take the time to get your home pre-inspected.

Better offers

You'll be in a solid position for negotiations and the buyers will know this as well. There's nothing left to chance when you have a real piece of paper in front of you showing the state of your home. The small amount that you pay for this inspection will usually come back to you and you just may end up ahead of the game financially speaking.

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