3 Benefits of a Pre-Inspection
Often times sellers are confused about what a pre-inspection is and why they need one. A pre–inspection provides a written report of the condition of the property. This can help uncover any problems that might compromise a sale.
There are 3 main benefits of getting a pre-inspection:
- When you have a pre-inspection, you maintain more control of the process. When you know everything up front before listing your home, you have the opportunity to disclose defects to potential buyers or make repairs yourself. Once defects are disclosed, the buyer can no longer negotiate these as part of their inspection contingency. Also, by making repairs, you can be sure that those wont show up on the buyer’s home inspection.
- You’ll ultimately have more money in your pocket. If buyers can see a pre-inspection report and know that items have been repaired, they are more likely to make a stronger offer than when they aren’t aware of the condition of the property. This can lead to a better return on investment for you as the seller.
- You’ll ultimately have a smoother transaction. Once you have an accepted offer, the balance of power typically shifts to the buyer. You’re limiting the amount of negotiation that’s going to happen by getting your home pre-inspected. The last thing you would want to do is to put your home back on the market or spend more money because the accepted offer fell through.