Inspect in Advance to Get Better Offers & Save Grief for Everyone

Reblogger Kevin Corsa
Home Inspector with H.I.S. Home Inspections (Summit, Stark Counties)

Here is a great informational post about the importance of getting pre-inspections when selling your home. Thought it was worth re-blogging for those of you who have not seen it.  THANKS, REGINA!

Original content by Regina P. Brown BRE 01895773

Eliminate surprises and hurdles during escrow by ordering Home Seller Reports when first listing your property on the market.  Listed below are the advantages of ordering each type of report in advance.

1. Appraisal

· Price your property correctly at the very beginning, when most qualified buyers are viewing it.

· Help buyers see the value of your property.

· Demonstrate a better value in the market.

· Increase showings of your property.

· Give you and your agent confidence.

· Other agents are eager to show your property.

· More likely to get full price offer.

· Reduce surprises and pricing problems in escrow.

· Guarantee a faster, smoother closing.

· Make seller feel secure during escrow.

· Stimulate buyer confidence.

Once in escrow, if the appraisal comes in low,  the buyer will probably cancel the sale.

2. Pest Control Inspection

· Buyers know exactly the condition of the property.

· Help seller disclose material defects in writing, limiting liability.

· Seller knows the cost of repairs in advance.

· Repairs can be completed early, reduce surprises (work needed) during escrow.

· Guarantee a faster, smoother closing.

· Make seller feel secure during escrow.

3. Home Building Inspection

· Buyers know exactly the condition of the property.

· Help seller disclose material defects in writing, limiting liability.

· Seller knows the cost of repairs in advance.

· Repair can be completed early, reduces surprises (work needed) during escrow.

· Guarantee a faster, smoother closing.

· Make seller feel secure during escrow.

These reports are well worth their cost, saving both money and stress!

Oh, how I wish it was MANDATORY for sellers to complete HOME BUILDING INSPECTIONS before listing their house for sale here in California!  Then buyers could make more informed offers.  It would save a lot of "later" negotiations in which sellers lose control of their transaction and the whole thing quickly unravels.  If sellers completed an inspection in advance, and handed it to each prospective buyer, it would save everyone a lot of grief.

Join my new AR group and post your blog at http://activerain.com/groups/virtualoffice

Regina P. Brown
Broker, Realtor®, e-Pro
Author of eBook "Stop Foreclosure Fast: Solutions to Save your House"

Text copyright © 2009 R.P. Brown, All Rights Reserved 

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Rainmaker
126,605
Tony and Libby Kelly
Keller Williams Realty Portland Premiere - Lake Oswego, OR
CRS, ABR, ePro, SRES, CLHMS, CDPE

Great, great idea!

Feb 17, 2009 05:44 PM #1
Rainmaker
1,186,624
Steven L. Smith
King of the House Home Inspection, Inc - Bellingham, WA
Bellingham WA Home Inspector

Kevin,

All of this makes sense to me. Thanks for doing the re-blog.

Feb 17, 2009 05:49 PM #2
Anonymous
Anonymous

I just commented on Cheryl W's reblog of YOUR post, telling her sometimes it helps that others are reading good blogs, and reposting, because there is so much to read, I can't get to it all!  Thanks for re-blogging!

Feb 19, 2009 12:23 AM #3
Rainer
131,969
Jon Wnoroski
America's 1st Choice RH Realty Co., Inc. - Green, OH
Summit County Realtor

Hi Kevin - This is good information.  I like the concept of having inspections upon or prior to listing a home.  If there are issues with a home they can be taken care of early with invoices of repairs offered along with the inspection report.  I also like the concept of having an appraisal upon or prior to listing a home since this contributes to a home owner offering their home for sale at the correct price.  Agents often present information to buyers regarding home values only to see them insist on a higher price.  Of course, pricing your home too high will only serve to keep it on the market for long periods of time; a sale may never be achieved.  Even if a seller gets an offer at their asking price the appraisal may not support that price and, as we all know, a lender will not approve a loan for more than the appraised value of a home.

Feb 20, 2009 08:33 AM #4
Rainer
8,286
Jeff Remas
Advanced Code Group - Delray Beach, FL
Inspector Jeff

Great idea that has been a tough sell but I never had a seller who was sorry they did it.  All of the feedback on "pre-listing" inspections was positive as it helped to streamline the selling of the house by prequalifying buyers who were aware of whatever issues were not fixed.

Feb 22, 2009 01:59 PM #5
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Rainmaker
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Kevin Corsa

H.I.S. Home Inspections, Stark & Summit County, OH Home Inspector
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