What is a pre listing inspection? Should you do a pre listing home inspection prior to listing your home for sale? In this video, we discuss the pre inspection in more detail and why I don’t feel it’s necessary and could end up costing you more money when selling your home.
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What is a pre inspection?
A pre listing home inspection is a home inspection completed prior to listing your home for sale. The idea of a pre inspection is to find out what is going on with the home so that you can make the necessary repairs/improvements prior to it going live on the market?
Benefits of a pre listing home inspection
The main benefit of a pre home inspection is to find out what might show up in a home inspection once your home goes into escrow and it gives you a list of repairs that the buyer may ask for when purchasing your home. Most Sellers get a pre inspection so they can make those repairs before listing the home on the market.
While this make seem like a great idea, I actually recommend against sellers doing a pre-inspection for the following reasons.
1. you are now required to disclose any items that show up in the home inspection report. In my experience, items in the home inspection usually read a lot worse than the actual repair and remember the buyer wasn’t there when the inspection was completed.
2. Even if you repair the items in the home inspection report, who’s to say that the buyer even cared if those items were repaired? Maybe you spend a bunch of money repairing items that make no difference to the buyer.
3. Just because you repaired the items in your inspection doesn’t mean that the buyer isn’t going to come in with their own inspector and find a bunch more items that the initial inspector missed and now maybe they want those items repaired?
It’s impossible to guess how a buyer may respond but in my experience I have found that just letting the buyer do their own inspection ends up working out pretty well for most sellers. If you are a seller who was willing to spend the money to repair the items that showed up on your pre-inspection, wouldn’t you then be willing to spend the same amount if a buyer comes back with a list of repairs? By not doing a pre inspection, you are not only saving the initial cost of the home inspection but you are also not guessing at what may or may not be important to a potential buyer.
If you have questions about home inspections or a selling house inspection, please comment below or contact me directly.
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