Why are pre-inspections so important for home sellers in our market?
That’s the question I’ll answer for you today.
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The inspection period is possibly the most critical period of the entire transaction, and it’s the No. 1 reason that deals tend to fall apart. The inspector’s job is to find flaws in the home, which every home has, and the buyers then ask for gigantic concessions on the price of the home or else demand that the seller remedy the issues the inspector found. This can be costly; often, the two sides arrive at an impasse, causing the buyer to walk away.
Here are two reasons why pre-inspections are so vital:
1. Ignorance is not always bliss. You’ve lived in the home and may feel confident that it functions well, but most homeowners don’t comb their homes with the efficiency that an inspector does. Their job is to find all those things you don’t expect or know about that can hurt you, your home sale, and the amount of money you net from the home sale. Knowing about the potential deal-killers upfront can allow you to deal with them proactively so that you’re in control.
2. Pre-inspections save you money. Buyers see the repairs uncovered by inspectors as far bigger and more expensive than they really are. If they ask you to make concessions on your price because of what is uncovered in their whole house inspection, it’s likely to be far more than the actual cost of the repair. What if you had known about that repair item in advance and had already fixed it using your local handyman, or even done it yourself? It would never have become a point of contention and negotiation, and it never would have imperiled your deal with the buyer.
Here are two reasons why pre-inspections are so vital:
1. Ignorance is not always bliss. You’ve lived in the home and may feel confident that it functions well, but most homeowners don’t comb their homes with the efficiency that an inspector does. Their job is to find all those things you don’t expect or know about that can hurt you, your home sale, and the amount of money you net from the home sale. Knowing about the potential deal-killers upfront can allow you to deal with them proactively so that you’re in control.
2. Pre-inspections save you money. Buyers see the repairs uncovered by inspectors as far bigger and more expensive than they really are. If they ask you to make concessions on your price because of what is uncovered in their whole house inspection, it’s likely to be far more than the actual cost of the repair. What if you had known about that repair item in advance and had already fixed it using your local handyman, or even done it yourself? It would never have become a point of contention and negotiation, and it never would have imperiled your deal with the buyer.
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The inspection period is possibly the most
critical period of the entire transaction.
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critical period of the entire transaction.
Further still, when you have your home pre-inspected, you can make corrections using a competent contractor of your choice. When the buyer asks for repairs to be made, they may want to select their own contractor, and that could be more expensive. The buyer might also demand that you use a licensed contractor when that isn’t really required for the repairs in question.
These are just a few of the many reasons that we recommend you seriously consider the advantages of having your home pre-inspected. If you have any questions about pre-inspections or about selling homes in general, don’t hesitate to reach out to me. My local team of real estate experts has many more insights regarding the sale of your home. We’re here to make this big move as smooth and stress-free for you as possible.
