THINKING OF SELLING YOUR HOME?
Ordering a home inspection BEFORE you list a home for sale is a great idea for people who are interested in getting to a closing quickly and with fewer surprises.
Most people think of home inspections as a buyer’s resource. But the truth is, we can do a lot for sellers to help get to a faster, smoother closing.
THINGS TO CONSIDER BEFORE SELLING YOUR HOME
Today`s consumers consider three important issues when shopping for a home, LOCATION, LOCATION, CONDITION! Hiring qualified real estate professionals, such as a licensed broker or agent, is the first step toward gaining objectivity when selling a home. But getting more involved in the process yourself, learning as much as you can, and providing your own extra effort can go a long way towards saving you time and money.
SAVE TIME AND MONEY
If a professional home inspection makes good sense for a home buyer, think about what a home listing inspection can mean for a seller. The market analysis prepared by your real estate agent can help in determining a fair listing price for your home, but it is not a home listing inspection and won’t reflect the true physical condition of the home.
This is an area where only a professional home inspection can be of assistance. If the major systems in your home are new, you've updated your home over time and the structural components of your home have been well maintained, you should consider promoting this information through home listing inspection report that reflects it.
WHAT ABOUT REPAIRS?
The ideal use of a pre-inspection by a home seller is to determine what repairs are needed in the home and make them.
Sellers with homes found in need of repairs should make the repairs and provide the listing inspection report to buyers along with documentation (warranties on the work or receipts) that the repairs have been made. This generates enormous good faith between buyers and sellers and increases the likelihood of a quick and amicable sale. The bottom line is by eliminating the issues that buyers may want to negotiate over creates a win-win situation for both buyers and sellers.
On the other hand, if your home is not in such stellar shape, the benefits to having a home listing inspection remain significant. If you are not inclined to make repairs, one of the biggest benefits of having your home pre-inspected is that the home's problems can be taken into consideration when pricing the home or during original listing negotiations with a home buyer.
This can minimize, if not eliminate, re-negotiations which often fuel emotions and turn off buyers. Historically, buyers will want to negotiate two dollars for every dollar of reported deficiencies. Just think of having to drop your listing price by the amount equal to twice as much as the cost of all the repairs needed in your home! It can really add up.
By having a professional home inspection document the repairs needed in your home you can take control of the situation. You can present the inspection report to your buyers and let them know that all these repairs needed are reflected in the listing price. The buyer then has the opportunity to decide whether they would like to move forward and accept the offer. During this time, the home can continue to be shown.
WAYS TO ENHANCE THE SALABILITY OF YOUR HOME
J&F Inspections knows the most common things that tend to sour a deal. These simple to correct problems can go a long way in turning good prospects into passerby’s.
If any of conditions below can be found in your home, it would be a worthwhile investment to get them corrected before you put your house up for sale. If you are unaware of any of these problems, call J&F Inspections today for a complete check of your home.
- Water in the Basement
- Termites/Carpenter Ants
- Low Water Pressure
- Kitchen Appliance Problems
- Inadequate Electrical Power
- Roof Leaks
- Too Few Electrical Outlets
- Broken Window Seals
- Squeaky Floors/Stairs
- Malfunctioning Windows
A seller inspection report reveals problems ahead of time which can help the seller realistically price the home if problems exist.
The report can also help the seller substantiate a higher asking price if problems don't exist or have been corrected.
Other benefits of a seller inspection report include, but are not limited to:
- Might make the home show better.
- Gives the seller time to make repairs and shop for competitive contractors.
- Permits the seller to attach repair estimates or paid invoices to the inspection report.
- Removes over-inflated buyer-procured estimates from the negotiation table.
The report might alert the seller to any immediate safety issues found, before agents and visitors tour the home.
The report provides a third-party, unbiased opinion to offer to potential buyers.