| Listing Inspection |
Buyers will insist on a professional home inspection performed by an
inspector they will hire. If the buyers inspector finds a problem, it can cause
the buyer to get cold feet and the deal can often fall through. At best, surprise
problems uncovered by the buyers inspector will cause delays in closing, and
usually you will have to pay for repairs at the last minute, or take a lower price
on your home.
Its better to pay for your own inspection before putting your home on the
market. Having a pre-listing inspection done will make the whole sale
process easier. Find out about any hidden problems and get them corrected
in advance, on your own terms. Or present the items as is and reflected in the
purchase price. Otherwise, you can count on the buyers inspector finding
them, at the worst possible time, causing delays, and costing you more
money.
One of the key benefits of having the inspection done early, is that if there are
any problems discovered that need to be repaired, you can have the repairs
done on your own terms, on your own schedule. When a problem isnt found
until the buyer has an inspection performed, the deal youve worked so hard
to get done may fall apart unless you act quickly to get the repairs done. Or
you may have to take a lower price, in order to keep the deal moving. In
either case, youll almost certainly have more headache, and spend more
money, than if youd known about the problem and had it repaired before
negotiations began. You could save thousands by simply being able to shop
around and get competitive bids from contractors, rather than being forced
into paying for a rush job at the last minute. Another area where you can save
money is in having flexibility to choose the materials used in repairs. Sales
contracts usually specify repairs must be made using materials of
comparable quality. By identifying needed repairs early, youll have the option
to save money by using less expensive materials for the repairs.
You can also benefit from simply offering certain items as is. Often, you can
negotiate with a buyer to accept items in the current condition by stipulating
that they are reflected in the purchase price. But that same buyer may walk
away from the deal if the conditions come as a surprise, after an offer has
already been made. If the home is inspected before the house goes on the
market you will be aware of the condition of the house before an offer is
made. There wont be any surprises and the deal is far less likely to fall apart.
It takes a lot of effort to get a sales agreement signed in the first place. If the
inspection turns up problems, the buyer will want to negotiate a new deal and
that second sales agreement is usually even harder to get done than the first
one.
By having a pre-listing inspection done, you can identify problems early. Then
either correct them or present them as is, assuring that the first offer you
accept can move quickly and smoothly to closing without delays or costly
surprises.
inspector they will hire. If the buyers inspector finds a problem, it can cause
the buyer to get cold feet and the deal can often fall through. At best, surprise
problems uncovered by the buyers inspector will cause delays in closing, and
usually you will have to pay for repairs at the last minute, or take a lower price
on your home.
Its better to pay for your own inspection before putting your home on the
market. Having a pre-listing inspection done will make the whole sale
process easier. Find out about any hidden problems and get them corrected
in advance, on your own terms. Or present the items as is and reflected in the
purchase price. Otherwise, you can count on the buyers inspector finding
them, at the worst possible time, causing delays, and costing you more
money.
One of the key benefits of having the inspection done early, is that if there are
any problems discovered that need to be repaired, you can have the repairs
done on your own terms, on your own schedule. When a problem isnt found
until the buyer has an inspection performed, the deal youve worked so hard
to get done may fall apart unless you act quickly to get the repairs done. Or
you may have to take a lower price, in order to keep the deal moving. In
either case, youll almost certainly have more headache, and spend more
money, than if youd known about the problem and had it repaired before
negotiations began. You could save thousands by simply being able to shop
around and get competitive bids from contractors, rather than being forced
into paying for a rush job at the last minute. Another area where you can save
money is in having flexibility to choose the materials used in repairs. Sales
contracts usually specify repairs must be made using materials of
comparable quality. By identifying needed repairs early, youll have the option
to save money by using less expensive materials for the repairs.
You can also benefit from simply offering certain items as is. Often, you can
negotiate with a buyer to accept items in the current condition by stipulating
that they are reflected in the purchase price. But that same buyer may walk
away from the deal if the conditions come as a surprise, after an offer has
already been made. If the home is inspected before the house goes on the
market you will be aware of the condition of the house before an offer is
made. There wont be any surprises and the deal is far less likely to fall apart.
It takes a lot of effort to get a sales agreement signed in the first place. If the
inspection turns up problems, the buyer will want to negotiate a new deal and
that second sales agreement is usually even harder to get done than the first
one.
By having a pre-listing inspection done, you can identify problems early. Then
either correct them or present them as is, assuring that the first offer you
accept can move quickly and smoothly to closing without delays or costly
surprises.
If you are selling a home, youll get the
highest price in the shortest time, if your
home is in top condition. And you want to
find out about any hidden problems
before your house goes on the market.
Almost all sales contracts include the
condition that the contract is contingent
upon completion of a satisfactory
inspection. This is known as the
inspection contingency.
highest price in the shortest time, if your
home is in top condition. And you want to
find out about any hidden problems
before your house goes on the market.
Almost all sales contracts include the
condition that the contract is contingent
upon completion of a satisfactory
inspection. This is known as the
inspection contingency.
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