Typically in the home inspection world the home buyer would be paying to have the inspection completed dependent on agreements or contracts, but pre-listing seller inspections are becoming more popular. There are a few benefits to this approach and I’m going to out line some of them for you.
Do you live in an older home? Just because your home is older does not mean it will not pass inspections, especially if you have lived in the home for a while and have put money into repairs. With that being said, age does take a toll on a home. If you have been living in a older home for a short period of time and have not done any major improvements or replacement of major components this may be a great choice for you. A home inspection prior to listing the home will give you time to make major and minor repairs without the pressure and surprises once you are under contract. If you live in an older home, and you may think some components of the home are worse for wear this would be a great pro-active plan. I recommend having the pre-listing inspection done 6-12 months before listing, this gives you plenty of time to have repairs done.
Do you like assurance? Selling a home can be stressful to begin with, but that stress level can be multiplied if you are faced with your potential buyers asking for large amounts of money to offset major findings on the home. For example, in certain circumstances a major finding in a septic system can be deemed a health concern which makes you legally liable to fix the sewage system. As a inspector we are require to report major health concerns regarding sewage to local authorities within 24 hours. This is an extreme example, but this would be tens of thousand of dollars in repairs or replacement. A pre-listing inspection would have caught this kind of failure, and most other major failures, if you are like me I would like to know ahead of time and allow myself time for repairs. This inspection provides a layer of assurance and security you won’t have unless you know your home is suitable to sell.
Are profit margins tight? If you know you won’t be making a lot of profit on the sale of your home this inspection may be right up your alley. Yes, you end up spending money that typically the buyer would be paying, but if anything major surfaces during a home inspection you may end up losing a sale because you cannot afford to split costs of repairs with the buyer. As mentioned above, a pre-listing inspection conducted 6-12 months prior to listing gives you time to make repairs when money is tight. I highly recommend this option when profit margins are low.
You are aware problems exist. We have all been here, we know the faucet leaks, we know the oil furnace shuts off, we know the hot water heater is acting up, and we know the roof is leaking. These things will be checked during a home inspection and in some cases the inspector is going to find further damage or needed repairs. If you are aware of things that are going to cause potential problems a pre-listing inspection is almost a no-brainer. Once again, this is going to give you time to make repairs and ensure you don’t end up with surprises right when you think your home is sold.
More and more sellers are realizing the benefits of this option and if you fit into any of these categories I would recommend considering this option.
If you have any questions or would like further information please do not hesitate to reach out to us, we’ll be glad to help answer any questions.