First posted by Stephanie on Mill Valley Patch Posted on April 30, 2013 at 3:07 pm
We’ve heard of buyers having a home inspection done when in the process of purchasing a home, but we don’t hear of sellers doing their own investigations. Why? Here are 5 seller benefits to having a general home inspection and/or pest inspection prior to putting a house on the market.
1. Costs – The average cost of a general home inspection ranges between $450 and $600, depending on the size of the home, and $350 to $450 for a pest inspection. If you rely on the buyer to reveal any costly issues, then you may be on the hook for cost estimates obtained from the buyer’s investigations on their repair requests. If you resolve issues on your own with your inspections, you have more choices as to choosing the most affordable service provider for the job. Also, the reports become part of disclosure to give Buyers a heads up and truly underline the “as is” clause in sales contracts.
2. City Inspections – If your property is located within the city inspection jurisdiction, you are at the mercy of the City if you leave things to chance. If the City reveals any issues that need to be resolved or (re)permitted prior to close, this could delay the close of escrow and possibly add to your selling costs. Unpermitted work is a significant reason as to why houses fall out of contract.
3. Convenience - With today’s busy lifestyle it’s always refreshing to do things at our own pace. Doing a pre-inspection offers you better control of your time which can reduce anxious moments.
4. Time – Knowing that you’ve completed a lot of general repairs based on a pre-inspection will not only shorten days on the market by appealing to a buyer it will accelerate your ability to close escrow sooner than later.
5. Peace of Mind – Selling a property is an exciting time, and doesn’t have to be the most stressful thing you’ve ever done. Planning ahead by doing pre-inspections will provide you more peace of mind as you roll with all the other unexpected issues that can surface during the sale of your home.
Of course I know that taking a chance on the results of a buyer’s inspection report might benefit you too. It’s possible that buyers might not be concerned with issues revealed on their home inspections, but I have to say as a local agent for over the last 24 years, buyers typically ask for some type of compensation or credit for items a buyer deem in need of repair or replacement. The best offence is a good defense, and that’s knowing and resolving issues in advance!