There are things you can do before listing your home to help sell your home faster and for a higher price. Common steps that homeowners take to prepare for a sale are staging the home, repainting the walls, and improving the landscaping. A less common step that has great benefits is to hire a home inspector for a pre-listing home inspection.
Why You Should Get a Pre-Listing Home Inspection
A buyer will typically order a property inspection soon after placing an offer. Hiring a professional home inspector as a seller early on is an easy way to learn about your property’s current condition. These are some of the benefits that you can take advantage of through a pre-listing inspection.
1. Develop a Pre-Listing Update and Repair Plan
A pre-listing home inspection lets you create a plan based on the actual condition of the home. You were probably planning to make some cosmetic improvements and with a pre-listing inspection report can also get ahead on repairs that might end up becoming requests from the buyer.
By taking care of these in advance, you will be able to plan financially to complete repairs on your own timeline.
2. Manage Your Budget
Without understanding the true condition of your home, you may run short on cash when the buyer asks for repairs as a result of their home inspection. The buyer could negotiate for you to make thousands of dollars in repairs within a specific timeline before closing. By knowing what you need to prioritize from the beginning, you can allocate your funds in the best way to close the deal.
3. Facilitate a Smoother Transaction
Your buyer expects the property inspection to show minor things that will easily be addressed after they move in, but serious issues might alarm a buyer. A buyer could hesitate to buy a property that requires a full roof replacement or that has foundation damage. Address these concerns earlier in the process to avoid delaying your transaction with last-minute negotiations and repairs.
4. Have a Strategic Selling Point
If you have addressed issues found during the inspection, ask the inspector to reinspect your property and get a new report to reflect the improved condition of your home. You can give your home a strategic advantage by providing the inspection report to potential buyers up front.
The buyer will have a clear idea of your home’s condition while only speculating about the condition of other homes in the area.
Consider ordering a pre-listing home inspection before placing your home on the market. By doing so, you can have a more successful transaction from start to finish.