|Should you hire a home inspector before you sell?|
|More than 85 percent of all home buyers who applied for a mortgage also applied for a home inspection, according the U.S. General Accounting Office. While sellers know that a buyer is going to require a home inspection, they often wait for the buyer to take the initiative. Then sellers wait nervously for the results.
Because most real estate contracts have an inspection clause, the results of a home inspection could cost the seller thousands of dollars to fix the problem, force them to accept a lower price, or cause them to lose the sale. Some sellers have started requesting a pre-inspection from a licensed home inspector. This approach has several upsides:
A competitive edge: In a hot real estate market, sharing the pre-inspection with a buyer could give the seller’s property an edge and speed up the closing.
Fix before listing: A thorough home inspection helps sellers identify potential issues upfront. By fixing the problems before listing the home for sale, the seller removes items a buyer could potentially use as leverage to negotiate a lower price.
Peace of mind: A pre-inspection puts both the seller and a prospective buyer at ease about the potential issues. Even if the seller does not fix the defects found in a pre-inspection, they’ll know what to expect when a buyer pays for their own inspection.
Getting ahead of the transaction with a pre-inspection can save a seller time and money.