Streamlining Your Sale
A sellers inspection (sometimes referred to as a pre-listing inspection) is becoming more popular because it virtually eliminates all the real estate pitfalls and hassles associated with having the buyer do the home inspection.
In many ways, waiting to schedule the inspection until after a home goes under the agreement is too late. You arrange and pay for a sellers inspection, usually just before your home goes on the market. The inspector works for you and generates a report for you.
You then typically make multiple copies of the report and share them with potential buyers who tour the home for sale. Alternatively, the report can be hosted on www.FetchReport.com. This is an effective marketing tool allowing your estate agent and prospective buyers to access the report on the internet.
A sellers inspection is a benefit to all parties in a real estate transaction. It is a win-win-win situation.
A sellers inspection doesn’t kill deals by forcing you to disclose defects you otherwise wouldn’t have known about. Any defect that is serious enough to kill a real estate transaction is likely going to be uncovered eventually anyway. It is best to discover the problem ahead of time before it can kill the deal.
Unlike real estate agents, whose job is to market properties for their sellers, inspectors produce objective reports. The inspection report becomes a great marketing piece if your property is in good shape.
That it has been generated by an impartial party is an added benefit.
Advantages of a sellers inspection:
- You can choose a certified InterNACHI inspector rather than be at the mercy of the buyer’s choice of inspector.
- You can schedule the inspections at your convenience.
- It might alert you to any items of concern, such as an incorrectly installed geyser, mould or active termite infestation.
- You can assist the inspector during the inspection, something normally not done during a buyer’s inspection.
- You can correct any misstatements in the report.
- The report can help you realistically price the home if problems exist.
- If there are no problems, or you corrected them, you can demand a higher selling price.
A sellers inspection reveals problems ahead of time, which:
- Might make the home show better.
- Gives you time to make repairs and shop for competitive contractors.
- Permits you 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 you 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.
- Your estate agent can use a clean seller inspection report as a marketing tool.
- A sellers inspection is the ultimate gesture in forthrightness on your part.
- The report might relieve a prospective buyer’s unfounded suspicions before they walk away.
- A sellers inspection lightens negotiations and 11th-hour re-negotiations.
- The report might encourage the buyer to waive the inspection contingency.
- The deal is less likely to fall apart, the way they often do, when a buyer’s inspection unexpectedly reveals a last-minute problem.
The report also provides full-disclosure protection from future legal claims.
Inspected Once, Inspected Right!®