Home Sellers Inspect Yourself!

Home Sellers Eyes Quick question: Who asks for a home inspection, the buyer or the seller? You may be thinking, “The buyer does, of course!” But in a tough market, home sellers can gain a big advantage by getting a pre-inspection first. I can hear you saying, “I’ve got enough headaches, without paying to find more of them! I’d rather wait and get the bad news later.”

That’s understandable — but there’s another way to look at it: Pre-inspections are a lot like the pre-exams students take before tackling their make-or-break college or grad school entrance exams. Pre-exams identify strengths and weaknesses so students know exactly what to study and they prevent unexpected surprises.

When it comes to getting your home pre-inspected, it’s much the same… with a few added advantages:

1. By knowing exactly what your home’s problems are, you can fix many or all of them — so there isn’t a long, ugly to-do list that can turn off buyers when they’re inspecting your home.  This step alone can keep them from walking away because they think there are many other homes available that might be in better condition.

2. Once you know your home’s problems you can shop around and get estimates for the cost of fixing them. If you wait for a buyer to find the problems, they may get their own over-inflated estimates, which they’ll use to discount their offer price on your house. If you are in the middle of a possible sale — and haven’t gotten your own estimates, you’ll be caught off-guard and are more likely to accept their over-inflated numbers so you won’t lose the deal.

3. A pre-inspection can give you an edge over other homes in your area. Once you’ve made any recommended repairs you can confidently say your house is in good, move-in condition. This may help you stick to a higher asking price, especially if you have an older home, and you know similar homes in your area aren’t in as good a condition as yours.

4. Pre-inspection takes the apprehension out of wondering how a buyer’s inspection will go. If you know in advance what the problems are and how much it’ll cost you or the buyer to fix  them, you won’t be as shell-shocked during the negotiation. (And if you’ve fixed the problems already, you won’t have this worry at all.)

So, even though pre-inspections aren’t exactly fun, they can ultimately save you time, money and anxiety, while increasing the chance your home sells at the best possible price.

For hundreds of ways to make home selling easier, faster and saner, read Home Seller’s Blues And How To Beat Them eBook, available for immediate reading for $9.95.

Also available on Amazon, Barnes & Noble, and at Apple’s iBookstore.

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Pre-inspections can be a great thing…and can prevent a buyer from walking away from a purchase during the inspection period. One caveat regarding the pre-inspections….you would need to disclose anything material that you find out in the sellers disclosures.

Thanks Alexis. Agreed! Because a thorough inspection will likely uncover a problem whether it’s in the pre-inspection stage or during the purchasing phase, by doing a pre-inspection, you have time to come up with a plan of action, such as fix the issue or gather estimates to repair it. Therefore it can be preferable to pre-inspect and disclose, than to be surprised and disappointed if a potential buyer walks away or demands a huge discount when they discover the problem themselves during the buying process.

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