Planning to sell your home? If so, you might be wondering whether it’s really necessary to have a pre-sale home inspection, especially since the buyer will inspect the home down the road. Well, there are actually many benefits of a home inspection before listing your property.
Conducting a pre-listing home inspection increases the number of prospective buyers interested in your home and boosts your chances of getting a higher price for your property.
In this post, our team at Your Home Sold Guaranteed Realty — The Nathan Clark Team will discuss five benefits of a home inspection before listing your home. We’ll also explain why this step of the selling process gives you the best chance of selling your home fast and for top dollar.
5 Benefits of a Home Inspection Before Listing Your Home
1. More Interest From Home Buyers
Generally, homes that have undergone a pre-inspection get more interest and offers from home buyers. This is because the buyer can see that a third party has verified the home’s condition.
For this reason, sharing as much information about your home’s condition as possible goes a long way in earning the buyer’s trust.
After your inspection, you’ll get a report from the inspector with a summary of their findings. Letting an interested buyer read through this report is an excellent way to establish trust, create transparency, and show you’re not trying to hide anything about the home.
When a buyer feels like they can trust you, it increases their confidence and likelihood of making a great offer.
2. Faster Closing
One of the most appealing benefits of a home inspection as a seller is that they lead to a faster and smoother closing. They’re the best way to discover hidden issues that could delay or end the negotiation process with a buyer.
When you know what work needs to be done, you can take the appropriate action that results in the best outcome for the home sale. This could mean making the repairs yourself, or leaving the home as-is, disclosing the problems to the buyer, and lowering your asking price.
No matter what you choose to do, a pre-inspection means you can rest assured you won’t be surprised by any issues the buyer uncovers during their own inspection.
3. Control Over The Asking Price
When you’re aware of all the work your home needs, you can use that to your advantage when setting your asking price. Many home buyers prefer having a move-in ready home where they don’t have to worry about making repairs or renovations.
This means they’re usually willing to pay a higher price in exchange for having everything taken care of by the seller. So if you decide to fix your home’s issues, you can justify a higher asking price.
However, you technically don’t have to make repairs on your home. In this case, you can simply be upfront with the home buyer and lower your asking price to compensate for the additional cost.
4. Upper Hand in Negotiations
When the home buyer discovers necessary repairs with the home during their own inspection, it gives them massive leverage during negotiations.
Depending on the severity of the issue, they can use it to their advantage to significantly reduce your asking price. They can also make other demands to compensate for the increased cost on their end.
That’s why one of the most important benefits of a home inspection is that it gives you control during negotiations.
When you know for a fact your home is in good condition, you can hold firm on your desired price. You can also feel more confident about rejecting buyers who can’t or don’t want to pay what your home is truly worth.
Your realtor can help you determine which offers to reject and which are worth negotiating. If your realtor believes your home can earn top dollar in its current condition, then don’t be afraid to turn down offers until you find the right home buyer.
5. Save Time and Money
Lastly, a pre-sale home inspection is beneficial because it saves you time and money in the long run. You might think you can save a few hundred dollars by avoiding it altogether. However, if the buyer’s inspection turns up any problems, you’ll usually end up paying a higher cost than if you’d hired an inspector and taken care of the issues earlier on.
You’ll also have to rush to find a contractor who can complete the repairs in a shorter timeline so you don’t prolong the negotiations and risk the buyer backing out of the deal.
In addition, you and the buyer may end up negotiating who will cover the cost of the repairs. In this situation, you risk the buyer and their agent overestimating the overall cost.
Benefits of a Home Inspection: We Can Help You Sell a Home in New England
A pre-sale home inspection is an important part of the home-selling process that shouldn’t be skipped. The benefits of a home inspection outweigh the costs and can even save you time and money overall.
A home inspection all starts with finding the perfect realtor. A realtor can help you find a qualified home inspector. They can also take the inspection results and use them to market your home.
At Your Home Sold Guaranteed Realty — The Nathan Clark Team, we’ve been helping home sellers in the New England area for over 21 years. During that time, we’ve developed a reputation as the best realtors in New England. This isn’t just an exaggeration– we sell homes faster and for more money than our competitors.
On average, we sell homes 30% faster and help our clients earn seven percent more profit on their home sales.
In addition, we have several unique seller’s guarantees, like our Seller Cancellation Guarantee and Guaranteed Sale Program. These guarantees make home selling with us risk-free and stress-free.
To learn more about working with our real estate team, give us a call at 401-288-3557 or fill out the form below for more information.
