Why Should You Get a Home Inspection?
Part Two: Home Sellers
Last week on the blog, we talked about the invaluable benefits of home inspections for prospective homebuyers. Since a home inspection is a buyer-driven need, responsibility falls on potential buyers to arrange for a home inspection during a real estate transaction. Some may be inclined to think there is no point in a home seller getting their home inspected. However, while they may seem less obvious, there are still some compelling reasons for home sellers to take the initiative to get their home inspected prior to putting it on the market. What are they?
Having a home inspection performed prior to putting a home up for sale allows the home seller to be fully aware of the condition of their house. This gives them the chance to make repairs ahead of time if they choose to do so and makes it easier to price the home appropriately – a huge factor in determining saleability.
Additionally, when the seller can make a home inspection report available to potential buyers before any offer is made, it allows the buyer to make a fully informed offer. Why is this important? If a potential buyer makes an offer on a home after they’ve seen a home inspection report, this drastically reduces the chances they will want to re-negotiate the deal later on. In contrast, if the buyer has a home inspection done after they’ve made an offer and some defects are discovered, they will likely want to re-negotiate their deal. If the seller has an inspection done before taking offers on their home, they will be able to retain the upper hand throughout the transaction.
The fact of the matter is that few sellers in today’s market take the initiative to have a home inspection performed prior to putting their home on the market. When a seller does take this step, though, it enables them to advertise their home accordingly. Since listings that make mention of a home inspection having been recently performed are quite rare, this will really make their listing stand out and attract attention. Real Estate Agents will be especially inclined to show a home that has already been inspected, as this increases the chances that the home will be desirable to their clients and decreases the chances that the deal will ultimately fall through due to disagreements about repairs.
Many buyers, particularly those who are buying a home for the first time, will naturally have certain fears about the huge commitment of purchasing a home. When a seller has had an inspection performed prior to putting their house on the market, it gives prospective buyers a chance to be fully informed right from the get-go. The fact that the home seller has been so proactive will send a message to potential buyers that the seller is responsible and honest, not someone who is trying to hide something or take advantage of them. It also gives them confidence that the transaction is likely to go quickly and smoothly.
Next week on our blog we will present the third part of our Home Inspection series: Why should you get a home inspection even when purchasing a new home?