Should I get a pre-listing inspection when selling my home?
When selling your home, the process can be quite complicated and nerve-racking. Most people look at a pre-inspection as a waste of time or money. The seller never realizes that, in the long run, it could possibly give your potential buyer and yourself a lot less stress throughout the process. It allows the seller to show full transparency in the process, and in turn, it becomes less likely for the house to fall out of escrow after the buyer’s inspection. For a buyer, knowing the home has already been inspected gives them confidence to make an offer, and potentially limits the number of negotiations throughout the process. Below are some pros and cons on getting a pre-listing inspection.
Most of the time, buyers over estimate the cost of repairs. If you can combat that with a lower estimate on the repair, because you already found out about it in you pre-listing inspection, the buyer will have nothing he can negotiate back with. After a pre-listing inspection, a licensed realtor can help to compartmentalize the finds and help determine what, if any of the items, you should or should not have repaired. It will also help in determining an accurate listing price. In my opinion, people with the most knowledge make the most educated decisions. Knowledge is power.