Prelisting? Why?

By
Home Inspector with S.H.I.R.E. Inspection Services, Inc.

 

 Although CNY has so far proven to have shown resilience to the depressed housing market that is affecting the rest of our country, some areas appear affected and all will most likely follow suit in the near future. If you have a house for sale, what will work in making a sale in a saturated housing market? 

 There are many reasons that a depressed housing market makes it difficult to sell but there are two main facts that will determine how severely this market affects your sale. The most obvious fact is a lack of buyers for your property. The more important, less obvious fact is the need to aggressively position your home to sell at the maximum price possible. This is where purchasing a pre-listing inspection offers many benefits for all parties involved in the process.

 A pre-listing inspection provides a written report attesting to the pre-sale condition of the property. No house is perfect, this inspection will uncover concerns you will have to deal with!  Dealing with or declaring these concerns before an offer is made, takes away issues to be negotiated at that fabled 11th hour, creating a smoother closing. How these concerns are handled or declared will become an aggressive position for your home to sell. Smaller, inexpensive repairs can be completed and disclosed to the buyer, improving the positioning of your home. Other benefits are providing details of mechanical equipment and their maintenance, improvements or replacements of mechanicals, electrical or plumbing upgrades and current conditions. If there are major concerns, such as a furnace or roof covering, disclosing these can be used for asking a higher price, to negotiate the cost of repair or adjust the asking price to reflect these concerns.

 If you choose to do the major repair before the sale, you will have the luxury of time. The 11th hour repair may not allow the time for comparing contractors and their bids along with their availability to complete the work under time constraints.

 

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Rainer
91,793
Patrick Lambert
ALLY Real Estate - Waikoloa, HI
Hawaii Real Estate Expert

I have often suggested to clients that they get a home inspection report and/or an appraisal ahead of time. Truthfully, that was back in the day. Definately a practice to start getting back into.

Jun 30, 2008 06:30 AM #1
Rainer
91,793
Patrick Lambert
ALLY Real Estate - Waikoloa, HI
Hawaii Real Estate Expert

I have often suggested to clients that they get a home inspection report and/or an appraisal ahead of time. Truthfully, that was back in the day. Definately a practice to start getting back into.

Jun 30, 2008 06:30 AM #2
Rainer
261,679
Greg Steffens
Mountain Country Realty - Lake Arrowhead, CA

Welcome to Active Rain and congrats on your first post.  Be sure to spend some time looking around at what and how others are blogging here.  It is a great education and lot s of fun.  Looks like you're off to a great start...keep it up!

Jun 30, 2008 06:40 AM #3
Rainer
91,292
Jimmy McCall
JimmyMcCall.com - Cunningham, TN
The Ex-Mortgage Consultant

Ralph, Welcome yo Active Rain and congratulations on yout first blob post.  Good luck and happy blogging.

Jun 30, 2008 06:41 AM #4
Rainmaker
512,421
Bill Kennedy
Keller Williams Realty - Greenville, SC
Homes For Sale Greenville SC

Welcome to the Rain!  This is an awesome site for learning as well as sharing.  Join some groups, check out some blogs, and enjoy!  I look forward to reading some of your future posts.

Jun 30, 2008 02:20 PM #5
Rainer
77,519
Crystal Corr
Keller Williams Greenville Central - Simpsonville, SC

Welcome to Active Rain. I hope you will enjoy it and learn as much as I do from it. I look forward to seeing more of your post! Happy Blogging.

Jul 01, 2008 02:31 AM #6
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Rainer
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Ralph Smith

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