A Pre-Listing Inspection allows you the time and flexibility to repair or disclose any major defects that may be present and potentially affect potential price and sale of your property. Second Look will reduce your frustration as well as bring piece of mind to your potential buyers, listing and sales agents – assuring them that your disclosure and condition of property is accurate.
Almost all sales contracts include the condition that the contract is contingent upon completion of a satisfactory inspection. This is known as the inspection contingency. Buyers will insist on a professional home inspection performed by an inspector they will hire. At best, major problems uncovered by the buyers inspector may cause delays in closing, potentially costly last minute repairs, a lower offer price or cause the buyer to move away from the sale of your home!.
An early Pre-Listing inspection will make the whole sale process easier. It will uncover almost any hidden problems and get them corrected in advance, on your own terms. Or present the items as is and reflected in the purchase price. Otherwise, you can count on the buyers inspector finding them, at the worst possible time, causing delays, and costing you more money.
A key benefit to an early inspection is that if there are any major problems discovered that need to be repaired, you can have the repairs done on your own terms, on your own schedule.
When a problem isn’t found until the buyer has an inspection performed, the deal on which you’ve worked so hard to come to terms may fall apart unless you act quickly to make the necessary repairs. Or you may be obligated to take a lower price to keep the deal moving forward. In either case, you’ll almost certainly have more headache and spend more money than if you’d known about the problem and had it repaired before negotiations began.
Early Inspections Save You Money
You can save thousands of dollars by being able to shop around and get competitive bids from contractors, rather than being forced to pay for a rush job at the last minute.
With an early inspection, you’ll have the flexibility to choose the materials used in repairs. Sales contracts usually specify repairs must be made using materials of comparable quality. Identifying needed repairs early provides the option to save money by using less expensive materials for the repairs
Often, you can negotiate with a buyer to accept items in the current condition by stipulating that they are reflected in the purchase price. But that same buyer may walk away from the deal if the conditions come to light at the last minute, after an offer has already been made.
If the home is inspected before the house goes on the market all parties will be aware of the condition of the house before an offer is made. There will not be any surprises and the deal is far less likely to fall apart.
By having a pre-listing inspection done, you can identify problems early. Then either correct them or present them as is, assuring that the first offer you accept can move quickly and smoothly to closing without delays or costly surprises.