One morning last week I dropped by 590 Baltimore Ave in Lilburn to meet with the sellers and the inspector.  They were having a pre-listing inspection performed to make sure that everything was in perfect condition.

It is obvious from just walking through that the property has been well cared for during the fifteen years since it was custom built.  While I have yet to see a perfect property… even brand new construction… this one ranks pretty well.

When the results become available, we will share them with any interested buyers.  Of course, I still recommend that buyers have their own inspector perform a thorough inspection of any property they wish to purchase.  At the same time, buyers can offer with confidence that there won’t be giant hidden defects uncovered during the inspection that derail their dream home… or worse, defects that aren’t uncovered during their inspection that turn the dream home into a nightmare.

But there is something deeper here.  Some agents specifically instruct sellers NOT to get an inspection.  The idea is that if anything is uncovered, they want their seller to have deniability about the issue.  If the buyer doesn't catch it, or their inspector doesn't catch it, then they figure they are home free. 

There are two problems with that... 

The first problem is that the vast majority of buyer WILL have an inspection... and any problems are likely to turn up.  Instead of burying our collective head in the sand, I think it is better to be proactive, find the problems and correct them as needed.  The inspection period doesn't turn into a nervous time... rather the seller can cruise through with the knowledge of the approximate results. 

The second problem is that it might NOT remove the seller's liability if there is an underlying problem of which they should have been aware.  Inspections aren't perfect, and there are problems that can escape detection... and some of those might be known to a seller before selling...

Just food for throught...

And as a buyer, even if a property, like 590 Baltimore Ave in Lilburn, GA, has an inspection, you STILL need to get an inspection from your own inspector.  But, it should set your mind a bit more at ease that you are dealing with sellers that are acting in a transparent manner and not looking to hide the condition of their property.  Of course, it helps that it is a well-kept property, but even if it weren't it would be better to be honest.

 

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6 Comments on Pre-Listing Inspections for Sellers? Good Idea?

MAY
01
141,558 Points 11 Featured Posts Localism Sponsor Outside Blog Hit Router

Totally Agree! I always have my Buyer's get an inspection. Since I list so many condos, I don't usually have the Seller do a pre inspection. And if my Buyer's decline to get an inspection, I have them sign off, that I advised them, and they declined. It's called CYA!!

9:20pm • #1
MAY
02
404,957 Points 179 Featured Posts Localism Sponsor Outside Blog

Personally, I just think a pre-sale inspection just makes great sense, especially if the Sellers have been in the property for any length of time. That way they can address/correct any issues on their own terms/time, and have the work done by someone of their own choosing and price.

12:02am • #2
580,722 Points 95 Featured Posts Localism Sponsor Outside Blog Hit Router

Hi Lane, pre-inspections are for the seller to find out anything he needs to fix prior to the home being listed in my opinion. I would never tell a buyer to accept that as his own.

8:00am • #3
366,277 Points 95 Featured Posts Localism Sponsor Outside Blog

Prelisting inspections make perfect sense...it helps price accordling..buyers and sellers have no surprises.  That is one thing..if an inspection is done..you must disclose to all parties!  It is also important for buyers to inspect as well!  Great thoughts and I had a great comment but I lost it..typing in the wrong graphic and I couldn't get it back!

12:37pm • #4
MAY
03

Lane - Here are some points for the seller inspection.

What most seller's will do is:

  1. Mow the grass.
  2. Clean up the outside.
  3. Clean up the inside.
  4. A little paint here and there.
  5. I think you get the idea.

What very few will do is have the home they are selling inspected by a home inspector. 

A Seller's Inspection will:

  1. The seller can choose a certified InterNACHI inspector rather than be at the mercy of the buyer's choice of inspector.
  2. The seller can schedule the inspections at the seller's convenience.
  3. It might alert the seller of any items of immediate personal concern, such as radon gas or active termite infestation.
  4. The seller can assist the inspector during the inspection, something normally not done during a buyer's inspection.
  5. The seller can have the inspector correct any misstatements in the inspection report before it is generated.
  6. The report can help the seller realistically price the home if problems exist.
  7. The report can help the seller substantiate a higher asking price if problems don't exist or have been corrected.
  8. A seller inspection reveals problems ahead of time which:
    • might make the home show better.
    • gives the seller time to make repairs and shop for competitive contractors.
    • permits the seller to attach repair estimates or paid invoices to the inspection report.
    • removes over-inflated buyer procured estimates from the negotiation table.
  9. The report might alert the seller to any immediate safety issues found, before agents and visitors tour the home.
  10. The report provides a third-party, unbiased opinion to offer to potential buyers.
  11. A seller inspection permits a home inspection report to be used as a marketing tool.
  12. A seller inspection is the ultimate gesture in forthrightness on the part of the seller.
  13. The report might relieve a prospective buyer's unfounded suspicions, before they walk away.
  14. A seller inspection lightens negotiations and 11th-hour re-negotiations.
  15. The report might encourage the buyer to waive the inspection contingency.
  16. The deal is less likely to fall apart the way they often do when a buyer's inspection unexpectedly reveals a problem, last minute.
  17. The report provides full-disclosure protection from future legal claims.

 

1:34pm • #5
593,835 Points 34 Featured Posts Localism Sponsor Outside Blog Hit Router

Thom - With condos there might not be as much of a need... unless the units are older.  But it is nice to know what might come up before it comes up. 

Rich - It can save a load of money and time. 

Missy - Absolutely.  I would tell a buyer to inspect a property without hesitation. 

Midori - Bummer about the graphic.  Hugs.

Brian - I wouldn't want the buyers to waive their inspection.  I just want to know what they might find before they find it... and have the opportunity to derail any issues that might arise.

 

6:54pm • #6

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Lane Bailey - REALTOR & Car Guy

Lilburn, GA

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Diamond Dwellings Realty

Address: 2078 Teron Trace, Suite 250, Dacula, GA, 30019

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