Wednesday, March 28, 2007

Reaping the Benefits of a Sellers Inspection

Today the vast majority of all homes sold are being inspected. As a seller it makes perfect sense to have the inspection before hand. Why, you may ask? Well wouldn't you like to know the buyers' inspector is going to find? After all this is the number one reason for renegotiations after the contract is signed, all contracts are contingent on the inspection. Having a home pre-inspected prevents the buyer from backing out after the contract has been signed.

If the seller wants to sell the home, as is then have the information they need to adjust their price. If you are going to sell as is, and you have the list of needed repairs I recommend you have estimates to give to the buyer. This builds trust and confidence. An inspection also provides legal protection in the form of disclosure to the seller. It is amazing that more sellers don't take advantage of having an inspection up front.

It makes the whole transaction go smoother, and gives the seller a chance to shop around before making the repairs. Now I want you to answer this simple question. Which house will sell for more money, the one in tip-top shape or one in need of repairs? Face the facts; if a buyer is looking at pre-inspected home with repairs made, and a home that hasn't been inspected, they are going to take the pre-inspected house.

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