Aside

Why a Seller May Want to Consider a Pre-listing Home Inpsection

Home inspections are more associated with buyers, but sellers may want to consider a home inspection prior to listing their home.  Here are a few reasons why:

(1) The buyer’s home inspection has the power to put the deal back into negotiations.  With a pre-listing inspection, the seller can fix items that may come up during escrow.  With the necessary made repairs, buyers will have less of a reason to negotiate price or request repairs.  This puts the seller in the driver’s seat.

(2) Be certain a major issue doesn’t show up during the buyer’s inspection.  Depending on the situation, it may be beneficial for the seller to address any major issues that were unknown to the seller that could derail the transaction.

(3) If the seller chooses to not do major repairs that show up on a home inspection, then the homeowner can price the listing accordingly and make the issue known.  This can not only save the seller’s time but also helps prevent a buyer from cancelling escrow because it avoids the element of surprise for the buyer; informed buyers are less likely to cancel a transaction because they are prepared for any existing or potential problems before proceeding.

Any other city mandatory inspection would also be beneficial before the transaction begins.  For example, Ventura’s private sewer lateral inspection program became effective on Feb. 3, 2014.  Click link for details.  http://www.cityofventura.net/water/privatelateral.  Two other helpful inspections prior to listing are termite report and roof inspection. Seller-initiated inspections can save time and money in the long run.

August 18, 2014

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