We all know that a home inspection is a vital step for a buyer. It’s a "safety net" that often uncovers issues even the most diligent seller might not be aware of. However, in the 2015 market, an equally smart move is for the seller to have a pre-sale home inspection performed before the property even hits the market.
This relatively small expense—often ranging between $350 and $450 for a standard New York home—can be the difference between a successful closing and a deal that falls apart at the eleventh hour.
1. Eliminate "The Re-Negotiation Trap"
One of the most common reasons a sale stalls is the buyer's inspection report. Buyers will sometimes use a newly discovered defect as leverage to re-negotiate the purchase price downward. By conducting your own inspection first, you remove this element of surprise. You see what they see, but you see it first.
2. Control Your Repair Costs
When a buyer's inspector finds a problem, the buyer often brings in high-end estimates for repairs. If you identify these issues during a pre-inspection, you have the luxury of time.
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The Benefit: You can use your own trusted service professionals to make corrections.
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The Savings: Often, these proactive repairs cost far less than the credits a buyer might demand after their own inspection.
3. DIY Testing for Extra Confidence
Not every "red flag" requires a professional contractor. Simple but critical tests, such as water purity and radon levels, can often be initiated by the homeowner. Addressing these "basics" early shows buyers that you have been a meticulous steward of the property.
4. Build Buyer Trust
By providing a pre-inspection report upfront, you go into the market with a high degree of transparency. This builds immediate confidence with potential buyers, making them feel secure in their offer and allowing you to move forward with your future plans without the fear of "hidden" deal-breakers.
