subject: Advantages Of Prelisting Condo Inspections For Sellers [print this page] Until the buyer is found, seller inspections (sometimes referred to as pre-listing inspections) more popular because they virtually eliminate pitfalls and hassles associated with waiting to do the inspections. Waiting to schedule inspections, in some ways, until after a home goes under agreement is too late. Usually, just before the home goes on the market, the seller inspections are arranged and paid for by the seller. The inspector client is the seller. The report is generated for the seller by the inspector, the inspector works for the seller. Multiple copies of reports are being made and shared with potential buyers that tour the home for sale. In a real estate transaction, seller inspections are a benefit to all parties. Its a win-win situation. Marketing this service to local listing agents should be offered by home inspectors to seller inspectors.
Home inspector advantages: Ahead of the real estate transactions and the competition, seller inspections allow the inspector to catch inspection job upstream. Sellers inspections are not under the time constrain of sales agreements inspection contingencies, and are easier to schedule. It is typically less stressful working for sellers than working for buyers about to make the purchase of their lifetime. Inspector is being alerted by sellers to problems that should be included in the report, answers questions about their homes, and provides sellers disclosure statements.
It is often necessary for re-inspections by the inspector if repair of problems is found during the seller inspections. In the hand of many potential buyers who will need a local inspector soon, the report, seller inspections put a sample copy of the inspectors product. In the hands of local buyers agents that tour the home, the report, seller inspections put sample copy of the inspectors product.
Seller and agents on both sides, in part, the inspector is credited, with real smoothness of the real estate transaction by buyer. By putting more time between the date of inspections and the move-in date of the buyers, the liability of the inspector is reduced. The inspectors clients are not buying the properties inspected, but rather moving out of them, this is how the liability of the inspectors is reduced. Since the sellers inspector is already familiar with the home, the buyer might insist on hiring the sellers inspector to produce a fresh report.
Inspectors are being provided by seller inspection the opportunity to show-off their services to listing agents. To encourage those agents to have other listing pre-inspected by the inspector, seller inspections provide examples to the listing agents of each home. So many sellers hire the inspector again to inspect the homes they are moving to, and most sellers are local buyers.
Seller advantages: Rather than being at the mercy of the buyers choice of inspector, the seller can choose a certified NACHI inspector. Schedule of inspection can be made at the sellers convenience. Radon gas or active termite infestation are some items of immediate personal concern that might alert the seller. Something normally not done during a buyers inspection, the seller can assist the inspector during the inspections. Before it is generated, the seller can have inspector correct any misstatements in the inspection report. If problem exist, the report can help the seller realistically price the home. If problems dont exist or have been corrected, the report can help the seller substantiate a higher tasking price.
Problems were revealed by seller inspectors ahead of time which might make the home show better, gives the seller time to make repairs and shop for competitive contractors, permits the seller o attach repair estimate or paid invoices to the inspection reports, and removes over-inflated buyer procured estimates from the negotiation table.
