Cheryl Phelan's Blog
Most buyers understand the importance of getting a home inspection before purchasing a property. But did you know that some sellers are also opting to invest in a pre-inspection? These savvy homeowners realize that a pre-inspection can be a very helpful tool when it comes time to market their houses. If you're thinking about putting your property on the market, you might want to consider following their lead. The following are four ways that a pre-home inspection could benefit you during the sale of your house.
To Avoid Surprises
Imagine this scenario: You thought that your house was as good as sold, but then the buyer's home inspection reveals a major defect. The problem is worrisome enough that your buyer decides to back out of their sales contract. Now, you're having to put your house back on the market. If you had opted for a pre-inspection, chances are high that your inspector would have discovered the defect and you could have addressed it before listing your property.
Could Help with Your Sales Budget
Getting a pre-inspection report can also help you determine the best way to spend your money while readying your house for the market. For example, you may be thinking of paying to professionally stage your home. But if a pre-inspection turns up several defects that could impede the sale of your house, it would make more sense to channel your money towards necessary repairs.
To Save Money on Repairs
Buyers often add a clause in their sales contract that requires any issues discovered during their home inspection -- even minor ones -- to be repaired by a professional contractor. This can often be unnecessarily expensive. A running toilet, for instance, discovered during a pre-inspection can usually be fixed easily, cheaply and satisfactorily to code by a handyman or even by the homeowner. But a buyer may require the seller to use a plumbing contractor to fix the very same problem if it is written up in their home inspector's report.
Help You Determine Your Sales Price
A pre-inspection report can also provide you and your agent with important information that can help you to accurately price your property. If, for example, your house has some minor issues, such as an aging roof, that you don't want to fix, you can decide to price your home accordingly.
While there are many positive reasons for having a pre-inspection performed on your home, there are some cons, too, including:
- A pre-inspection typically costs several hundred dollars
- You may be obligated to disclose any defects discovered during the pre-inspection to potential buyers
If you're thinking about selling or buying a home, contact me. I would love to talk to you about my services and how I can help you better navigate the home buying or selling process.