If you’ve ever bought or sold a home before, then you’re probably quite familiar with the standard practice of a home inspection—an important part of the real estate process that allows buyers to get a home thoroughly checked out before proceeding with a purchase. But would getting a home inspection before listing make a sale easier—and potentially more profitable—for sellers?
No home is perfect, and chances are there are a number of things about your home that a buyer might want fixed before closing. Doing a home inspection in advance of listing gives you an opportunity to get ahead of those requests, especially anything major that could forestall—or even squash—a deal.
The home inspection serves a couple of key purposes, including informing buyers of any major repair needs that may impact their desire to purchase the property. And in many cases, it results in a few back and forth negotiations between buyer and seller in terms of repair requests or price modifications. If you’re a seller, getting a home inspection in advance might be able to cut down on these types of negotiations, as well as help you close the deal at or above listing price.
Another benefit to getting in front of repair requests: you might be able to save yourself a good deal of cash. Buyers who want repairs may ask for you to lower the sale price to accommodate, or they may put you in a position where you have a very limited amount of time to put in a fix and end up having to pay a premium. Do your repairs in advance and you’ll have more control over how things get fixed and how much you spend in doing so.
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