More and more sellers are choosing to get a home inspection before listing their house as a competitive tool and to help ensure that that the selling process goes more smoothly, with fewer surprises. This is by no means a complete list, but a typical home inspection includes an evaluation of the site, the exterior, the interior, the systems such as HVAC, electrical and plumbing and the building components. A home inspection does not include radon, septic system, termites, wells, mold or water quality issues, which must be evaluated by specialists. If you have concerns about any of these matters, rest assured the buyer's inspector will find the problem. It's smart selling to identify the problem yourself.
One of the major benefits of a seller's home inspection is that it provides an unbiased third-party report on the condition of the house. Other benefits include:
•§ Improves your ability to set a more accurate listing price reflecting the true condition of the house.
•§ Justifies a higher listing price if the house is in superb condition.
•§ Creates a powerful marketing tool that makes your house stand out from the competition and increases buyer confidence from the outset.
•§ Gives you the choice of making repairs or selling "as is".
•§ Controls the cost and timeframe for making repairs.
•§ Demonstrates your good faith by publishing the report.
•§ Prevents the buyer from using inflated costs as a negotiating tool.
•§ Streamlines the negotiation process.
•§ Prevents closings from being delayed or deals from falling through when the buyer's inspector finds a problem.
•§ Demonstrates your due diligence in completing the mandatory disclosure forms.
•§ Helps the buyer make a faster, better informed decision about your house, with less likelihood of buyer's remorse.
•§ Prevents small details from disrupting or derailing otherwise smooth negotiations.
•§ Allows you the opportunity to make corrections in the inspection if needed, and attach invoices for completed repairs.
The cost of a home inspection is based on the age and square footage of the house, but generally is between $300 and $400. If you have any suspicions or concerns, a seller's inspection and specialty inspections worth considering. The confidence and peace of mind they can provide is priceless.
Smart Selling Tip:
Even if the house is in superb condition and has been diligently maintained, smart sellers consider the benefits of a seller's home inspection as a competitive and negotiating tool.
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