Why don't realtors recommend pre-inspections?

By
Home Inspector with Allen's Pest Inspections

In the area that I live I see a lot of homes lose there buyers because of mold, radon or some other big problem.

I have always wondered why realtors don't tell there sellers to be pro-active and pre-inspect there home before anyone looks at buying it. I know that if I was going to sell my home and I wanted to sell it fast I would have it looked at first so that if anything was wrong I could fix it and forget it.

I think that realtors in my area are missing out on selling more homes because they are affaid to think outside the real estate box and pre-inspect there listings.

If I were a realtor I would not except a new listing without a pre-inspection agreement with the sellers and I know that sellers would appreciate your professional approach at selling there home fast. You have to remember that sellers are not real estate professionals but they are consumers that need your knowledge and expertise in moving there home so they can move into there new home.

"Be Pro-Active -- Get Inspected!"

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Anonymous
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Jamie, I thoroughly agree with what you are saying. It is a heck of a lot better to do a pre inspection first and not have your name tarnished later with negative words. Thanks, Keith

Aug 24, 2008 03:34 PM #1
Rainer
40,440
Scott Owens
Scott Owens Limited - Halifax, NS
REALTOR

This is a great idea.  The sellers can then show the report to the buyers with the repair receipts attached.  However, some sellers will not spend the money with the knowledge that the buyers are going to have an inspection done anyway.  I tell these vendors that the inspection cost is minimal, as you get a return on the investment in the following way: buyers tend to double the actual cost of a repair when estimating how much they are going to take off the listing price in their offer...$400 tells you what their inspector is going to find; if there is a $1000 repair, it is essentially going to net them $600 ($2000 buyer will reduce price, less cost of repair, less inspection cost). 

However, I don't refuse the listing...if I am selling an older, or less-than pristine home, and the vendor will not pre-inspect, I don't look for a quick closing - issues will come up requiring attention prior to the close.

Aug 24, 2008 03:50 PM #2
Rainmaker
976,671
Sharon Alters
Coldwell Banker Vanguard Realty - Fleming Island, FL
Your Fleming Island Relocation Agents.

We recommend pre-inspections but Sellers don't want to spend extra money up front especially if they're not sure they will sell their house. Depends on the motivation. It's definitely wise to do so and will net them more money many times. But we won't turn down a listing beause of that, it's just that a Seller possibly won't net as much.

Aug 24, 2008 03:56 PM #3
Rainer
10,741
Anna Little
Greater Atlantic Shores Properties at Atlantic Shores Cooperative - Virginia Beach, VA

I think I will start suggesting this, you make a great point.

 

Aug 24, 2008 04:08 PM #4
Rainer
2,792
Charlie & Ann Sadie Osten
Sadie-Osten Team - Montgomery, AL

I think you are right the money with this idea.  The more hurdles you can remove the easier it is to get to the closing table.

Aug 24, 2008 04:23 PM #5
Anonymous
Anonymous
Anonymous

We recommend them to our sellers. One of our investors gets a pre-inspection on all of their homes. That way there is no surprises later.

Aug 24, 2008 06:50 PM #6
Rainer
9,369
jamie allen
Allen's Pest Inspections - Evansville, IN

Keith, I have seen homes that are listed for $900.000 in my area that had a very small mold problem and now is none as the home with the "BAD MOLD" and it's still setting on the market for going on it's 3rd year.

Scott, Even if the sellers do not have the repairs made they can address the problem with the buyers up front and could lower there asking price to cover the repairs.

Sharon, I work on the inspection side everyday and I see buyers walk away from homes all the time and the sellers are in shock when the inspection report comes due. The one thing that is for sure is that if the seller doesn't want to lose a buyer they should be pro-active and not re-active to what will come. You said that some sellers don't want to spend the money because there not sure if their house will sell. If they don't pre-inspect it the only buyer that looks at there house might not buy the house because of the condition so take the chance and fix or give an allowance to fix hidden problems but don't lose the only buyer that comes around to what if's.

Anna, I think you will be happy with the end results if you do. Thank you,

Charlie & Ann, Thank you for you insight.

Patty & Scott, It's better to be safe than sorry. Thank you,

Aug 24, 2008 08:38 PM #7
Rainer
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Scott Owens
Scott Owens Limited - Halifax, NS
REALTOR

Jamie:  agreed...better safe than sorry.

Aug 24, 2008 09:47 PM #8
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85,833
Brenda Hughes
Evansville Home Staging & Re-Design - Evansville, IN
Home Staging & Re-Design Southern IN, KY

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Jamie,

 

I agree why take the chance of loosing the sell.  Just being proactive, not reactive. Sellers and Realtors should not be worried about spending a little money up front to make sure they are covered on the back end....I have seen the same problem in my industry.  

Why don't Realtors recommend Professional staging up front instead of letting the house sit on the market for months when if done up front the house would sell faster and for more $

I don't understand the thought process of not doing everything possible to make sure your house is in the

very best selling condition!

Jul 21, 2010 12:56 AM #9
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jamie allen

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