Seller Tips: Getting a Prelist Inspection

By
Real Estate Agent with Keller Williams Realty - Denver Southlands

Seller Tips: Getting a Prelist Inspection:

Nobody lives in a perfect house and sometimes we live with those imperfections rather than fix them.  When you begin to think about selling your house, you can spend a lot of money on fixing all the things that you have just "lived with". 

One question  many sellers ask is if I would recommend a Prelist Inspection. 

The Benefits of a Prelist Inspection:

  • You can be ahead of the game.  Getting an offer on your house is only the first step.  Once you get an offer, the buyer will schedule an inspection and they will inevitably find something wrong with the house.  If you have had a prelist inspection you will avoid any surprises when the inspection happens.
  • It may give your house an advantage over another house.  If you choose to share the Inspection Report with the buyer, they may accept it and decide to save the money on their own inspection, which could save time if someone wants a quick close.

The Downside of having a Prelist Inspection:

  • The cost.  Many sellers may need to spend money for carpet or paint and they just do not want to spend the extra $500 to have an inspection done.
  • The unknown.   There is a chance that the Inspection will reveal something that must then be disclosed to potential buyers.  

Here are my thoughts on a Prelist Inspection:

  • In general, I don't reccommend a prelist Inspection.  I think the expense is too high and you may end up getting news you don't want to hear.  I'd rather tackle inspection issues when the buyer has it done.  Sometimes the things that you think are important to fix, are not even a concern for a buyer.  I sold a house recently with a large crack in the front porch.  I talked about it with my seller and we were prepared with a quote from a concrete company to have it repaired.  The buyers did not even bring it up at Inspection.  When I drove by there recently I noticed that the buyers had put in a new, enlarged fron porch.  If my seller had spent the $1100 on the concrete work it would have been a lost expense for these buyers.  I think the traditional timing for inspection is best, but being prepared is always a good idea.  Discuss with your Agent the potential problems and have aproximate costs for those repairs in mind so you don't end up spending too much on repairs!
  • I think money is better spent on paint or carpet.  Check out my blog Should I Replace My Carpet Before I Put my House on the Market?
close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Best Practices
Groups:
Diary of a Realtor
Advice for Sellers
Keller Williams Realty, Southlands
Tags:
seller tips

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
771,115
Jill Sackler
Charles Rutenberg Realty Inc. 516-575-7500 - Long Beach, NY
LI South Shore Real Estate - Broker Associate

Suggested. I think you covered both sides adequately. Discovering something previously unknown and having to share it with potential buyers is a big drawback.

Sep 05, 2012 05:36 AM #1
Rainer
174,181
Karin Lundeen
Keller Williams Realty - Denver Southlands - Centennial, CO
Realtor Centennial Homes For Sale

Hi Jill ~ Sometimes it's better to just wait and see what bothers the buyer!  Thanks for the Suggest!

Sep 05, 2012 08:48 AM #2
Rainmaker
4,339,184
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Karin, I have to agree with your last comments - someone may buy the home AS IS, and never have an inspection.   You also have knowledge of defects with the home you now need to disclose.    I suggest to sellers to have Roof Brokers come out, if they feel there could be a problem, and have the furnace serviced, as this could be a big expense.

Sep 05, 2012 09:49 AM #3
Rainmaker
2,499,818
Charles Stallions
Charles Stallions Real Estate Services - Pensacola, FL
800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl.

We highly recommend a home inspection if the seller want top dollar, we have the repairs done and show the results to the buyer. It also shows the interest in the sellers desire to sell. I reimburse the seller at closing. We have one done by one of the top three inspectors in town.

Sep 05, 2012 12:29 PM #4
Rainer
174,181
Karin Lundeen
Keller Williams Realty - Denver Southlands - Centennial, CO
Realtor Centennial Homes For Sale

Hi Joan,  Getting the furnace serviced is a great idea!

Charles, Sounds like that is working well for you!  Best of luck to you!

Sep 05, 2012 12:47 PM #5
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
174,181

Karin Lundeen

Realtor Centennial Homes For Sale
Ask me a question
*
*
*
*
Spam prevention