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How Can A Pre-Listing Inspection Help You Sell Your Springfield Home? Here' s Few Ideas!

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Real Estate Agent with RE/MAX Broker, RE/MAX 1999033519

How Can A Pre-Listing Inspection Help You Sell Your Springfield Home?  Here's a Few Ideas!

Most sellers wait until they have an offer on their home to find out they have major problems such as cracked foundations plumbing problems, termites or a bad roof.

Home inspections before you get an offer will allow homeowners to make necessary home repairs that might avoid problems. Homes selling in today's market must be free of problems and a great buy.  Short sales do not have to be inspected until bank approval, but a pre-listing inspection will help keep the buyer froma walking once the bank has approved the sale.

Sheree Wilkerson wrote a great post:

Via:  Sheree Wilkerson

Pre-Listing Inspection?  What's the Point?

Occasionally I get asked about pre-listing inspections, and I've been recommending them more and more lately.   A pre-listing inspection is in fact a home inspection done by the seller prior to listing their home.  

Now why would you inspect your house before you have a buyer?  That I have many good answers for! Home Inspector in Wichita, KS

1. If there's a large problem with the home that you were unaware of, you can then decide whether you can price accordingly or whether you might be able to move at all.  Much better to find this out now than when you're in the middle of selling with a buyer on the hook and possibly involved in your next property as well. I have had a buyer inspection discover something so severe that there was no way the seller could fix the home and still afford to sell.

2. It gives you a chance to fix items on the list at your own time and leisure, meaning that you can shop for repair bids or get it done yourself.  When a buyer finds it at their inspection, you may only have a week to get items done before closing and they may ask for specific contractors, which could easily cost you more than the inspection would in the beginning.  

3. Fixing items before listing helps your home show better as it will appear obviously well maintained and there will be less items that buyers and their agents will notice.  Therefore they are more likely to give their best or better offers than if they saw unrepaired items from the get-go.

4.  Being able to market your home as pre-inspected gives a nice warm, fuzzy confidence to a buyer that there shouldn't be any big surprises lurking down the path.  You can easily provide the home inspection and evidence of repairs, which again should lead to better and higher offers.  Lots of offers hedge against the unknowns that may be found at inspection time.

5.  Already having an inspection and repairs done, the buyer's own home inspection contingency should be a breeze.  There may be minor discrepancies between what everyone finds, as inspectors are human and each may miss or catch something the other doesn't, but anything of big concern should already be known.   Since many contracts fall apart at inspection time, having already been through an inspection means that you're much much more likely to keep your deal together and get to closing.

6. Even if you're not making any repairs from the inspection, being able to provide this report up front should still mean better offers as buyers see what they are up against.  Many buyers who purchase as-is or TLC properties come in quite low because they don't know the extent of the problems until inspection time. 

I know, I know!  Inspections can run you hundreds depending on the size of your home.   But it may be better for you to spend a few hundred now than to lose a few thousand on the offer side of things.  And the peace of mind from knowing exactly what you're up against is great.  Selling a home is nerve-wracking enough just trying to find a buyer and wondering why all those other ones didn't like your house.  With a pre-inspection, you can negotiate with your buyer in the confidence that you know what's going on with your home and with a higher likelihood that the deal will stay together and close!

For a list of registered home inspectors in our area and to discuss how it may affect your particular situation, feel free to contact me!

Ray Saenz
Exit Realty Laredo - Laredo, TX
Homes for Sale in Laredo, TX - Texas, Realtor

Kay,
Also it helps to make a transaction smoother, when the seller knows what is missing or what it is needed to correct, repair or replace then can take a decision what to do with the buyer

Feb 21, 2010 03:29 PM
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

There have only been a few times over my career where I have seen a seller spending the money to do one but they did find some thinga they were able to get corrected so in the end it was worth it.

Feb 22, 2010 10:41 PM
Jenny Kotulak
RE/MAX Real Estate Centre Inc., Brokerage - Oakville, ON
Broker - Oakville Ontario Real Estate

Hi Kay, what really scares me is when a buyer does a bulding inspection on a property and walks away because of major deficiencies.  At that point you would think the seller would correct these deficiencies or perhaps they feel the next buyer may not notice?

Feb 23, 2010 03:28 AM
Kay Van Kampen
RE/MAX Broker, RE/MAX - Springfield, MO
Realtor®, Springfield Mo Real Estate

Ray, expecially with a short sale, the homeowner doesn't need a buyer walking due to a bad inspection.

Feb 23, 2010 01:23 PM
Kay Van Kampen
RE/MAX Broker, RE/MAX - Springfield, MO
Realtor®, Springfield Mo Real Estate

Bill, if I were to sell my home....which my hubby would be very opposed to.....an inspection would make sure we didn't have any problems.  I know of a few that need completed right now and will be by the end of the year.

Feb 23, 2010 01:25 PM
Kay Van Kampen
RE/MAX Broker, RE/MAX - Springfield, MO
Realtor®, Springfield Mo Real Estate

Jenny, the build really needs to correct his work so the buyer doesn't walk.  Builders today must do great work.

Feb 23, 2010 01:26 PM