Get an inspection before selling your home

Posted by on Oct 13, 2016 in Writing | No Comments

We are asked all the time, “Do I need a home inspection if I want to sell my house?” Typically, a pre-inspection is a good idea.  Today around 85% of all home buyers will have an inspection completed before finalizing their purchase. As a seller, a pre-inspection will give you a competitive edge on other houses in your area, keep unwelcome surprises at bay, and save you money.

october-2016-fb-images7

REASSURE PROSPECTIVE BUYERS

The Central Texas real estate market is among the fastest moving in the nation. Exceptionally short option periods, a highly competitive buyers market and a supply of 50 – 60-year-old homes can make one of the biggest decisions for potential buyers particularly stressful.

By showing potential buyers that you have already researched and repaired known problems with the house you may also be able to enter the market at a higher list price since many pricing negotiations center around necessary repairs.

ENSURE A SMOOTH REAL ESTATE TRANSACTION

Now that you know exactly what needs to be fixed with your home before putting it on the market it’s time to decide which items you are prepared to resolve and which you will disclose once your home is listed for sale.

For problem areas that you are planning to address get bids from multiple contractors and ask about important factors like time to complete and costs.  For the problems that you can’t fix due to inconvenience, cost, or any other reason talk to your REALTOR about possibly including a credit for potential buyers to cover those repairs.

KNOW YOUR HOMES VALUE

You will know the rough sale price of your home long before the buyer has had a chance to get an inspection completed on the property.  Since you have already had inspection information prior to that though you and your agent can have a strategy in mind for negotiation.  This takes some of the stress out of the transaction for you and can also result in a favorable outcome since you’ve had time to prepare.

DON’T FIX THE SAME PROBLEM TWICE

No matter how handy you are it is all too easy to misdiagnose what is causing a problem in your home.  If you get a pre-inspection you will be able to know exactly what needs to be done to get your home in ship-shape rather than wasting time and resources on band-aid type repairs.