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Seller
inspections
Seller inspections (sometimes referred to as
pre-listing inspections) are becoming more popular
because they virtually eliminate all the pitfalls and
hassles associated with waiting to do the inspections until a
buyer is found. In many ways, waiting
to schedule inspections until after a home goes
under agreement, is too late. Seller inspections
are arranged and paid for by the seller, usually just
before the home goes on the market. The seller is
the inspector's client. The inspector works for the
seller and generates a report for the seller. The
seller then typically makes multiple copies of the report and
shares them with potential buyers that tour the home for
sale. Seller inspections are a benefit to all
parties in a real estate transaction. They are a
win-win-win-win.
Advantages to the
seller:
- The seller can choose
a certified, Trained Home Inspector rather than be at
the mercy of the buyer's choice of inspector.
- The seller can
schedule the inspections at the
seller's convenience.
- The seller can assist
the inspector during the inspection, something normally not
done during a buyer's inspection.
- The seller can have
the inspector correct any misstatements in the
inspection report before it is generated.
- The report can help
the seller realistically price the home if problems exist.
- The report can help
the seller substantiate a higher asking price if
problems don't exist or have been corrected.
- A seller inspection
reveals problems ahead of time which:
- might make
the home show better.
- gives the seller
time to make repairs and shop for competitive
contractors.
- permits the seller
to attach repair estimates or paid invoices to the
inspection report.
- removes
over-inflated buyer procured estimates from the
negotiation table.
- The report might
alert the seller to any immediate safety issues
found, before agents and visitors tour the home.
- The report provides a
third-party, unbiased opinion to offer to
potential buyers.
- A seller inspection
permits a clean home inspection report to be used as a
marketing tool.
- A seller inspection is
the ultimate gesture in forthrightness on the part of the
seller.
- The report might
relieve a prospective buyer's unfounded suspicions,
before they walk away.
- A seller inspection
lightens negotiations and 11th-hour renegotiations.
- The report might
encourage the buyer to waive the inspection contingency.
- The deal is less
likely to fall apart the way they often do when a buyer's
inspection unexpectedly reveals a problem, last minute.
- The report provides
full-disclosure protection from future legal
claims.
Advantages to the
real estate agent:
- Agents can
recommend certified Home inspectors as
opposed to being at the mercy of buyer's choices in
inspectors.
- Sellers can schedule
the inspections at seller's convenience with little effort
on the part of agents.
- Sellers can assist
inspectors during the inspections, something normally not
done during buyer's inspections.
- Sellers can have
inspectors correct any misstatements in the reports
before they are generated.
- The reports help
sellers see their homes through the eyes of a critical,
third-party, thus making sellers more realistic about
asking price.
- Agents are alerted to
any immediate safety issues found, before other agents
and potential buyers tour the home.
- Repairs
made ahead of time might make homes show better.
- Reports hosted online
entice potential buyers to tour the homes.
- The reports provide
third-party, unbiased opinions to offer to
potential buyers.
- Clean reports can be
used as marketing tools to help sell the homes.
- The reports might
relieve prospective buyer's unfounded suspicions,
before they walk away.
- Seller inspections
eliminate buyer's remorse that sometimes occurs just after
an inspection.
- Seller inspections
reduce the need for negotiations and 11th-hour
renegotiations.
- Seller inspections
relieve the agent of having to hurriedly procure repair
estimates or schedule repairs.
- The reports might
encourage buyers to waive their inspection
contingencies.
- Deals are less likely
to fall apart the way they often do when buyer's
inspections unexpectedly reveal problems, last minute.
- Reports provide
full-disclosure protection from future legal
claims.
Advantages to the home
buyer:
- The inspection is done
already.
- The inspection is paid
for by the seller.
- The report provides a
more accurate, third-party view of the condition of the home
prior to making an offer.
- A seller inspection
eliminates surprise defects.
- Problems are corrected
or at least acknowledged prior to making an offer on
the home.
- A seller inspection
reduces the need for negotiations and 11th-hour
renegotiations.
- The report might
assist in acquiring financing.
- A seller
inspection allows the buyer to sweeten
the offer without increasing the offering
price by waiving inspections.
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