Performing an inspection before listing your property can offer potential buyers the same assurance. Just as you expect the buyer to be pre-qualified from a lender before submitting an offer, the buyer has a certain expectation that your home is ready to sell and that there won’t be any unpleasant or expensive surprises after going under contract. This gains trust from a buyer and sets a good tone for negotiations.
As the seller, conducting your own inspection is a valuable tool in defending your asking price. You can also reduce the number of repair requests that may come up on the Inspection Notice. Remember, if you find it, you can repair it. If the buyer finds it, you get to replace it! Having fewer items for the buyer to use as leverage increases the chances of making it to closing and not losing an opportunity. Having to come back on the market and find another buyer after a deal falls through upon inspection loses precious showing time, especially in off-peak times of the year.
Keep in mind that you are legally obligated to disclose to the buyer any knowledge you have about material defects to the property. The Sellers Property Disclosure is a good way to jog your memory and convey any information you have about the property’s systems and structure. If an inspection reveals something about the property that you did not previously know, you will have an obligation to relate it to the buyer.
RE/MAX Elevate works with several trusted and professional home inspectors, as well as home warranty companies, which offer several affordable policies. If you would like our assistance in setting up an inspection or have any questions about the process, don’t hesitate to ask!
