Today’s buyers are looking for turnkey homes, properties which are move-in ready and lack any potential problems. Having a home inspection completed prior to listing the house for sale gives you the opportunity to showcase your house in its best light.
Peace of Mind–For the Buyer and YOU
A pre-list home inspection gives buyers peace of mind. Often having a home inspection report available helps buyers come in with a stronger, more confident offer since they already know there will be no large surprises during the inspection period. Since approximately 42% of sales fall through during the inspection period, having an inspection completed will help bulletproof your transaction. Which also gives you peace of mind accepting an offer from a buyer.
Pick the Best List Price–And Likely Not Face Repair Negotiations
Once you know that your home is move-in ready and free of repairs, you can confidently price your home at the top of your value range. And once you lock in an agreed upon sales price with a buyer, you most likely will not have to negotiate that price again once the buyer completes a home inspection. Sellers often get hit with costly repair requests or even price reductions during the inspection period negotiations.
You Can Make Repairs On Your Terms and Timeline–Saving You $$$
By completing a home inspection prior to putting your house on the market, you can take the time to complete the necessary repairs on your terms. You will have more time to shop around and get quotes, or even complete some of the work yourself. The home inspection period in Arizona is typically 10 days. If you have a 30 day escrow and the buyer uses all 10 days of their home inspection period, and then you spend time negotiating the repairs, you may have a short time to complete the requested repairs before closing. And to tighten your timeline even more, the Arizona Association of Realtors (AAR) Residential Purchase Contract requires these repairs to be completed 3 days prior to the close of escrow date. You may find yourself rushing to get repairs completed as you also pack up and move out of your house.
What are the Cons for Having a Pre-List Home Inspection?
Are there any cons to having a home inspection completed prior to selling your home? Like most things in life, yes there are some things to consider:
- Per Arizona state law you will have to disclose the items found in the inspection report (however most inspectors find the relatively the same items).
- You will have to pay for the home inspection.
- The buyer will most likely complete their own home inspection and that inspector may find something new. Typically most inspectors have the same findings, especially the larger items. However, sometimes a new inspector may find something the first one missed. Solution: Hire a very thorough home inspector!
For more information, including what is included in a pre-list home inspection check out this blog post:
A pre-list home inspection might not be for everyone, but for most sellers, it’s a great way to help bulletproof the sale of their home as well as ensure they get top dollar. It also helps make the process less stressful, both at the beginning during the home inspection period as well as toward the end while you are completing your big move. Don’t hesitate to contact me if you have any questions about completing a pre-list home inspection.
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