Home Sellers
What's A Pre-Listing Home Inspection?
A Pre-Listing Home Inspection is similar to a Home Buyer inspection in that a Licensed Home Inspector conducts it; the end-result is identification of defects in a main system of the home, if any. The purpose and timing of a Pre-Listing Home Inspection differ from a Home Buyer inspection.
A Pre-Listing Home Inspection is sometimes called a "Seller's Inspection" because the term 'Pre-Listing Inspection' is somewhat misleading - the inspection does not have to be conducted prior to listing the home on the market, although that tends to be the preferred timing of the inspection. The Home Seller becomes aware of defects that may affect the sale price of the home, the length of time on the market and steps that the homeowner can take to rectify defects either before or after listing the home for sale. Seller's Inspections are growing in popularity as more Realtor's and homeowners realize the benefits. Realtor.com advises:
- Inspecting the house inside and out as if you were the Buyer. Then decide what improvements you should make before putting the house on the market.
- Financially sound improvements include fresh paint, wallpaper and landscaping ("curb appeal").
- Capital improvements cannot be recovered in the sale, so keep improvements to a realistic rate of return.
- To get top dollar for your home, mechanical repairs should be made to ensure all systems and appliances are in good working condition.
Pre-Listing Inspection Benefits
- Alerts seller to any immediate safety concerns (e.g., fire hazards, radon gas)
- Seller's gain the perspective of a neutral third-party
- The inspection report provides information useful in setting the listing price of the home and evidence for needed price adjustment
- Repairs can be made to improve final sale price and decrease the amount of time from listing to sale of the home
- Performed prior to listing the home-allows sellers time to shop for contractors if needed
- Buyers can choose to waive the inspection contingency when provided a copy of the Inspection Report
- Buyers tend to be less suspicious of potential defects
- Allows time to add defects to the Seller's Disclosure Statement
Preparing Your Home For A Pre-Listing Inspection
To get the most out of your inspection, clear any personal items away from the Main Components of the house. Your inspector is not required to move personal items in order to visually inspect any component the home.
The more informed a Seller is, the fewer headaches there are to deal with during the often-stressful process of selling a home.