26
Jul

5 Reasons to get a Home Inspection before listing your Property for sale

Sellers should undertake a pre-sale home inspection. 

Opting out of a building inspection may seem tempting on the surface when the sellers think of saving a few thousand rupees, but

  • Making sure the property you are selling is healthy & safe often requires only minor in-expensive repairs, which are deemed essential.
  • Also, from an aesthetic point of view, the seller must present the home with beautifully maintained home attention given to details and upkeep.

Hence, from a careful evaluation of the property’s condition to ensuring an effective and smooth closure, a pre-sale home inspection is a foundation for concluding a hassle-free sales transaction.

There are many good reasons to get a building inspection report done before selling a property. Here are just a few well worth considering.

Know what you are selling

There can be nasty surprises lurking behind the walls, plumbing lines or under the floors. As a home seller, you need to provide potential buyers with a list of any known issues/inspection reports of the home you are selling. These will make the buyer develop faith in you believe that you are being transparent and there is nothing to hide. Failure to disclose known defects could put the seller at risk of losing the sale. So hiding ANYTHING is not a wise idea, ever.

Save your valuable time and money.

If a seller is ready with a pre-sale inspected the home, it will save the seller valuable time. Or else, the buyer will get it checked in their sweet time and then ask the seller to repair any issues found etc. Then the repairing problems will also crop, which will be subject to negotiations on both parties in terms of money if the seller inspects before listing the home; it gives the seller the time to make repairs beforehand at a nominal cost. The whole process will take a much longer time than expected.

Inspections done by the buyer will rush the seller into making some quick decisions. The seller is concerned with sealing the deal with the potential buyer. When this happens, the seller won’t have enough time to consider all their options and find solutions for their problems at a reasonable price. The seller will negotiate with any potential buyer without concerns if you inspect all.

You are setting a reasonable asking price.

The significant advantage of conducting your home inspection is that you can retain control of the selling and negotiation process. By identifying problems early and on your terms, you can fix them to your financial advantage. A completed inspection report from a certified inspector will help the seller arrive at a realistic list price and maybe premium.

Expedites the entire process & limiting liability

When you performed the home inspection, you’ve made a full disclosure, which eliminates the possibility of future legal action for non-disclosure. The home inspection often speeds up the home sale and certainly limits the seller’s liability. The fewer deficiencies, the better the report on the home you wish to sell. Also, why spend that extra time? Your thoroughness in testing beforehand is sure to expedite the whole process.

To have a competitive edge over others

The seller can potentially sell the home for more money. If you can produce an inspection report that certifies your house as issue-free and without the need for any significant maintenance, this will help attract buyers. A building inspection may save the buyer the cost of arranging their inspection and help ensure an overall smoother closing process. Buyers will have greater confidence in making an offer on your property because they will have an official document and comfort from an unbiased third party certifying its proper condition and value. You, the sellers, can remain stress-free.

The most successful and stress-free property sales involve a Seller who knows what they are selling and a Buyer who knows what they are buying!