Pre-listing inspections might not be the norm, but they can save you time, money, and stress! From uncovering hidden issues to ensuring a smoother sale, these inspections give sellers and buyers more confidence. Let’s talk about whether it’s the right move for your home!
When and why should you consider having inspections done prior to listing your home on the market? In our area is it customary for the buyer to pay for inspections. But when would it be advantageous for a seller to do them prior to going active?
We don’t usually recommend this, but here are a few examples as to why having inspections done prior to listing is helpful. It can end up saving you time and money!
Hi, I’m Kimberly Crouch with EXP Realty.
As a seller, you want to be aware of the condition of your property and we don’t want any unexpected costs to come up that you weren’t aware of. We’ve seen crawlspace issues of $20,000 or more. Imagine, uncovering rotted joists in the crawlspace and the only way the buyer will buy the home is if it’s fixed or paid for. But you have already gone under contract on another home and you need that $20,000 to qualify for your next home. This would create a huge problem.
What about this, let’s say you found out that the home you’re selling needed a new roof or air conditioning unit. You could do a few things, sell the home “As Is” and disclose the issues, not sell at all, or take what needs to be done and fix it. The idea behind getting inspections done prior is so that there are no unexpected surprises that could financially hurt you later. We want the seller to be aware of any additional expenses that could possibly arise from the sale of their home.
The inspections we recommend are the standard, customary inspections that a buyer would do. We recommend a general Home Inspection and a Termite, or Wood Destroying Insect, Inspection. In regards to the Home and Termite Inspections, It’s helpful but not mandatory to make sure all the health and safety items are fixed, as well as all Termite work, which includes dry rot, leaks, and of course termites as these are very common requests that buyers have.
It helps the seller because they have much more assurance that they will actually “net” what it is that they thought when going under contract. It gives them peace of mind that the buyer will be less likely to ask for any unreasonable or outlandish repairs. It also may cut down on inspection times. Having inspections done prior also protects the seller if they have a replacement property to purchase and need every penny out of their sale to secure and close on their new purchase.
Also, the buyer is more confident that they are buying a sound home that is in move-in ready condition. Also if there is bank financing on the property, some loan programs require health and safety as well as termite work to be completed prior to closing, so with that already being completed, there is further assurance that the loan will go through.
To wrap it up, pre-listing inspections give the seller, buyer, and lender more confidence throughout the entire transaction that the home will actually close.
I’m Kimberly Crouch with EXP Realty, authentic coastal luxury at every price point.
Hi there!
Hi, I'm Kim Crouch, and I help people and investment entities buy and sell their homes in Wilmington and coastal southeast North Carolina!
Let's Meet
Contact
910-679-6072
1001 Millitary Cutoff Rd Suite 101
Wilmington, NC 28403
kim@thecoastalrealestategroup.com
Buy
success stories
Sell
All Articles
schedule your free consultation