Are you the type of person who meets challenges head-on, ready to conquer? Or are you the type of person who prefers to bury their head in the sand? The answer to this question may tell you whether or not you should get a pre-sale home inspection.
Most of the time, buyers pay professional home inspectors between $200 and $500 to inspect the home they would like to purchase. The results of the inspection can enter into the negotiation process.
For example, if the inspector finds that the AC unit is on its last leg, the buyer may ask you to replace the unit or have it serviced. Your buyer may also ask you to seal the crack in the basement floor, fix the two outlets that don't work, find the source of the leak in the basement, and replace the cracked tile on the kitchen floor.
If there are no other valid offers on the horizon, you may feel pressure to complete all these requests to keep your buyer happy. The repairs may be expensive, and you may have to get them done quickly. These last-minute repairs may cause you stress, financially and emotionally.
To avoid this stress, you may consider hiring your own inspector to evaluate your house before it you put it on the market. This pre-sale home inspection will allow you to complete repairs and renovations on your own time and spread out expenses over months instead of weeks or even days.
If you plan to sell your home over the next several months, reach out to a Clever Partner Agent now to ask for advice on whether or not to get a pre-sale inspection. Should you choose to have an inspection, your agent should be able to give you the name of an inspector working in your area.
What are the pros and cons of getting a pre-sale inspection?
Why You Should Have a Pre-Sale Inspection
For Peace of Mind
One of the benefits of getting a pre-sale inspection is that you can discover if your home has any hidden issues. This can be especially beneficial if you have lived in your home for decades or you have an older home. An older home may have an older water heater, cooling system, and roof, which may or may not need attention before you sell the house.
A pre-sale inspection can also be beneficial if you are selling a home that you obtained through an inheritance. If you are selling a home that you inherited, you may not be as familiar with the problems of the house since you have not recently lived in it.
You may also consider having a pre-sale inspection if you have a septic tank. Septic tank problems can cost thousands to resolve, and you may want to take care of these issues before the “for sale” sign goes in your front yard.
Does your home have grading issues that may have caused water to get in your basement? Has this affected your foundation? You might as well uncover what your buyer's inspector will discover by having your own pre-sale inspection.
If you find yourself in one of the previous scenarios, having a pre-sale inspection will give you peace of mind. No one wants to be surprised with thousands of dollars of repairs.
Spread Out Expenses
It takes money to sell a home. You have moving expenses, closing costs (for the home you are selling and the one you are buying), real estate transfer taxes, and a host of other hidden expenses that being a homeowner entails.
One good thing about having a pre-home inspection is that it will allow you to make necessary repairs over a more extended period instead of having to complete all the repairs during the negotiation process.
Give Your Buyer Confidence
Some buyers may feel more confident in putting down earnest money for a property they know has already been inspected, especially if the home is old. Help your potential buyer feel at ease by getting a pre-sale inspection.
Avoid Stressful Negotiations
No homeowner wants to be blindsided by a surprising home inspection report. Avoid having your buyer reduce the amount they offer on the house because of a major repair that was uncovered during inspections by finding out the problems before the home is for sale.
Have a Better Grasp of Your Financial Situation
Chances are if you are selling your home, you will also soon be in the process of buying another. To understand how much you will have to spend on the down payment for a new home, you need to know what expenses you will incur during the process of selling your current home.
Having a pre-sale inspection will allow you to have a firmer picture of your financial situation before looking at new homes.
Why You Should Avoid Having a Home Inspection
Avoid Unnecessary Expenses
As mentioned earlier, moving is expensive. Most people try to cut down on expenses during this period. Since you aren't required to have a pre-sale inspection, you may want to avoid having a pre-sale inspection to save the $500 that it may cost.
Forced to List Problems of Your Disclosure Form
You are legally and ethically responsible for letting your buyer know everything that could be wrong with your home by filling out a disclosure statement, though the exact responsibilities differ by state.
If your home inspector surprises you by discovering a major problem with the house, you will be required to state that problem on your disclosure report. Do you really want to uncover an issue that may keep buyers from even considering looking at your home?
Pre-Inspections Offers No Guarantees
Different home inspectors may discover various problems with your house. Even if you go to the expense and trouble of having a pre-sale inspection, that does not mean that your buyer's inspector will not uncover other concerns. You may fix all the items one inspector discovers only to be dismayed by the additional list of problems discovered by the second person.
Selling a house can be a complicated process. It is hard to make the right decisions. You need to have someone in your corner with a lot of experience to advise you in the process.
That's why you need to reach out to a Clever Partner Agent in your area to ask about pre-sale inspections. Your agent will also be able to offer advice and expertise every step of the way from staging to closing.