Should Home Sellers Get a Pre Inspection?
If you are thinking about selling your home then you might want to consider doing a home Pre-Inspection and I’ll give you 5 reasons why this is a good idea.
Some people think “why should I incur this cost” when the buyer will be doing an inspection anyway. It's the difference between Proactive vs Reactive and this leads to my first point.
1. Be in the know about the condition of your home BEFORE you accept an offer. This could end up saving you money in the long run, well more than the few hundreds of dollars the inspection will cost.
The last thing you want to do is to accept an offer that you are happy with and then realize your home needs a huge repair and the buyer wants you to share in the cost. Had you known in advance you may have waited for a higher offer to offset this expense, essentially leaving you with more money at the end.
2. Knowing what repairs you need in advance, and taking care of some or all of them, can mean the difference of the contract sticking or potentially falling out. The buyer’s inspector will likely find something to point out but the list could be far less lengthy giving the buyers a sense of security that they are buying a well cared for property. I see deals fall apart from people getting nervous about big repairs that come up on an inspection report.
3. It could also allow you to potentially close faster because you aren’t waiting on a bunch of contractors to complete repairs. There is definitely a shortage of home-related labor so getting the bulk of the items done in advance can be really helpful.
4. This is your cash saver point!! If you do your repairs BEFORE you are under contract you would be able to use the skills of a handyman for minor repairs, I’m not talking electrical box repairs, but small things that can add up quickly. If you wait until after you are under contract then all of those small repairs can push you to a repair limit over $1000 thus kicking in the handyman clause and now you’d have to use all licensed contractors. If you have questions about the Handyman clause please reach out at 480-466-2984 or firstname.lastname@example.org and put the Handyman clause question in the subject.
5. It can make your escrow period so much easier so you can focus on packing and not a laundry list of repairs.