If you are preparing to list your home on the market, it is easy to assume that you are aware of all of your property’s flaws and defects. In fact, there are likely some issues you don’t know about. Hiring a home inspector for a pre-listing home inspection is a helpful step when you’re ready to sell your home.
What You Need to Know About a Pre-Listing Home Inspection
Managing the costs of listing your home is important, but this does not mean that you should avoid all expenses. Instead, you can make decisions about how to allocate your funds and prepare your home for listing in the most cost-effective way.
A pre-listing home inspection reveals information about your property’s condition, including defects that are not noticeable to an untrained eye. A complete understanding of the condition of your home will empower you throughout the sales process.
1. Know What the Buyer Will Learn
While a home inspection is optional for buyers, most will choose to have a home inspection performed. A pre-listing home inspection will inform the seller of the property’s condition in advance. This may include issues with the HVAC system, minor or major electrical or plumbing issues, and even foundation issues.
2. Take Action
A pre-listing inspection may reveal significant defects that can be remedied by the seller before listing. You might not choose to fix every issue itemized on a pre-listing home inspection, but you can review the defects and determine if any significant issues may impact a buyer’s interest in your home.
3. Make Repairs on Your Own Timeline
Some buyers will negotiate for a seller to repair issues that are discovered during the property inspection, and these repairs can be costly. Being suddenly responsible for such major expenses can be a financial burden, yet the repairs may be necessary in order to keep the buyer’s interest in your home.
If you order a pre-listing inspection now, you can spend time shopping around for quotes and making the repairs on your own timeline. You can delay putting your home on the market for a few months in order to address significant issues at your own pace.
4. Reduce Time-Consuming Contract Negotiations
Initial contract negotiations typically cover factors like the sales price and closing date. These agreed upon terms may be renegotiated after the buyer reviews the property inspection and learns about the home’s true condition. Some sellers will provide their own inspection report upfront in order to avoid stress and delays in negotiation.
Regardless of whether you are preparing to list your home for sale in a few weeks or in several months, order a pre-listing home inspection on your home to begin the process well-informed.