Did you know over 85 % of buyers who take out a mortgage ask for a Home Inspection before buying a home? That's a pretty big number and why not? Consumers want to know what they are getting into before signing the dotted line. Why not go ahead and do it before buyers start looking so you know what you are up against?
I know. I know. I know. It is scary to get a home inspection but what is even scarier is getting a buyer and watching them walk away. Not what you want to happen when you ready to buy!
Here are a few reasons why to go ahead and get that inspection done early. Oh, and if you list with my company, we do it for free. Wow!
Reason #1 Know Where You Stand
Normally the final sales price has already been determined when you get to the home inspection. This can leave lingering discussions over the negotiations. You may have to drop your final figure again if a major problem is unearthed or they could walk away. Time is money. By getting the inspection early, you will know what concessions a buyer may ask for. This allows you to set the price right the first time. Pricing right the first time is crucial in getting the most out of your house.
Reason #2 Buy Time and Save You Money
Even in a new home or a recently renovated home, the home inspector is going to find something wrong. It is there job. Normally you have negotiated a few days to figure out how much the problems will cost and if contractors are backed up... well you may pass the contingency period. Typically 5 days the is the amount of time negotiated from the time the inspector comes out and the buyer supplies you with a list of repairs. In that time you have to find someone to give you an estimate of repairs. What if the electrical needs rewiring? I hope you can find an electrician at your beck and call. A pre-inspection gives you time to compare prices and treatment options.
Reason #3 Reassure Prospective Buyers
Buyers rarely know what to expect from a home inspection. There is always the possibility of mold growing in the crawl space or termites gnawing down an entire wall in the den. Providing the home inspection reassures buyers that there are no major issues at hand. Of course the buyer can always request one for themselves but they will pay for that not you.
Reason #4 Prevent Repeat Repairs
The roof leaked so you repaired it, you think. The night before the buyer's home inspector comes, it pours down raining and leaves a nice wet spot on the ceiling. Well if you would have repaired it beforehand the correct way, this wouldn't have happened. The inspector would have given you instructions on how to prepare it the right way.
Your typical home inspection runs from $300-$500 a home depending on size. Give me a call and I'll let you in on who I recommend.
Leigh Ann Fisher
Liz Moore and Associates