If you are like most home owners, the idea of conducting a home inspection before listing your home for sale may seem out of place. Moreover, the practice of conducting home inspections during a sale is quite common with home buyers and not sellers. Ordinarily, buyers tend to conduct home inspections to uncover any hidden issues with the home before closing on the sale.
However, in recent times, home sellers are beginning to conduct inspection of their home even before listing them on the market for sale. This article uncovers several benefits on why you should conduct a pre-listing inspection of your home.
Let’s get started!
4 Benefits of Conducting a Pre-Listing Home Inspection as a Seller
Below are four reasons why you should consider conducting an inspection of your home before putting it on the market for sale.
- It Could Save You Money
While doing a pre-listing home inspection may seem daunting and expensive in the beginning, it can save you money in the long run. Think of it, if issues come up in your buyer’s inspection report, the buyer is more likely to ask for a reduction in the home price or request that you have them fixed yourself.
Depending on the severity of the repair issue or the buyer negotiation skill, it can negatively impact your asking price and profit.
- It Could Lead to a Faster Closing
Doing a pre-listing inspection of your home is an easy way to identify and fix all forms of repair issues in your property. This eliminates the possibility of a lengthy negotiation process by buyers looking to take advantage of one identified repair issue or the other.
- Highlights Your Home Assets
Conducting a pre-listing inspection of your home can help you identify and highlight several of your home selling point. For instance, you can include the latest electrical and kitchen upgrades you may have done to your listing to add value to your home.
- Gives You A Competitive Edge
Doing an inspection before putting your home in the market creates a sense of confidence in the mind of your potential home buyers. In fact, it further proves to potential home buyers that you have done the necessary due diligence on their future home.
Also, it gives you a strong standing during negotiations with potential buyers. This is because your potential buyers will have less claim to a price reduction if you have identified and fixed the relevant repair issues.
Cost of Doing a Pre-Listing Home Inspection
A pre-listing home inspection may cost you around $250 to $700 for a three hours procedure depending on your home location, chosen home inspector, and the size of your home. Typically, home inspectors during a pre-listing inspection process will look at the following areas;
- Plumbing
- Electrical
- Ventilation
- Physical structure of the home
- Foundation
- Roof
While a pre-listing inspection is not compulsory, its benefits overwhelms the cost. This has encouraged home sellers over the years to conduct inspection of their homes before listing it on the market for sale.
A home inspection is just one of the preliminary actions you can take before placing your property on the market. It is also important that you consult with an experienced real estate agent in your area.