“To be fore-warned is to be fore-armed”. Home sellers are taking a proactive approach toward the home inspections process.
More and more sellers are choosing to have a thorough inspection before or when they first list their home/building. First, a home inspection will aid in full disclosure. Having inspected the structure, you will have demonstrated that you did all you could do to reveal any defects within the home/building. Second, you will save money and hassle by knowing now what your defects are, prior to accepting a offer not after you have already negotiated a price and are faced with costly repairs discovered on the buyers inspection. Defects or issues found before accepting an offer will allow you to shop for a contractor and get estimates or have the work completed and not deal with inflated estimates that a buyer may present.Third, it is a good marketing tool, knowing the issues you can lower the asking price, repair the issues, allow a amount for repairs or as is. What if the report reveals problems? All homes/buildings (even new construction) have problems. Every problem has a solution. Solutions vary from major to a very simple fix or adjustment of the component to adjusting the purchase price. Having a home/building inspection allows the problem to be addressed before the sale closes.
Are seller’s inspections just as thorough as a buyers inspection? A home inspection is only as good as the home inspector. A thorough inspector who wants business, not lawsuits, will perform an unbiased inspection with integrity.
A pre-listing inspection will virtually eliminate all the complications of a buyers inspection: No more renegotiations. No more deals that fall through when the home inspector finds a problem. No more does the Seller have to deal with inflated cost estimates that costs him or her money. No more will the you spend countless hours and dollars re-advertising to get a contract that is “blown out of the water” by surprise defects. Knowing what defects are present at the initial listing creates enormous benefits: It will allow the agent and the Seller to discuss what items should be fixed and what should not. It will substantiate your price, or may convince a Seller to rethink the asking price. It will be full disclosure protection for the Seller and agent. It will allow the Seller to shop around for the best price to repair (not an inflated price that a Buyer would use to make sure all is covered. It streamlines the process. How easy is selling a house with a Seller’s Inspection?
After the listing is signed, a Seller’s inspection is performed. If significant damage or defects are found, there will be disappointment, but no hysteria or regret. No deal about to go sour. The agent will discuss the problems with the Seller and will determine if this listing is “AS IS” with full disclosure, or if any repairs need correcting to expedite the sale. The Seller then corrects any problem areas, and calls for a re-inspection of the home. Next, a buyer enters a contract agreement with the Seller. The Buyer will choose to trust the home inspection or, will have another inspection performed. The transaction proceeds as planned. Everyone is happy