Pre-Purchase Home Inspections – Top Reasons to Get One!
Benefits of a Pre-Purchase Inspection for Home Sellers
Performing a pre-purchase home inspection can greatly benefit homeowners preparing to sell. Here’s why each and every home should have a pre-purchase home inspection and what actionable items real estate professionals can extrapolate from the information drawn from this process.
What is a Home Pre-Inspection?
A pre-purchase home inspection, or a pre-inspection, is a visual examination of a structure made by a trained and qualified home inspector in advance of any “official” inspection that will be required by the state in advance of a home sale. A licensed home inspector has experience evaluating the fundamental features in a house and can give a clear and accurate report on the condition of these components. A home inspection is visual in nature and should not involve invasive digging, drilling or deconstruction.
What are the Goals of a Home Inspection for the Seller?
There are two primary goals of a home pre-inspection. The initial goal is to clearly identify any significant potential or existing defect that might affect a buyer’s decision to purchase and offer a realistic estimate of repair costs. Secondly, the home inspector will clearly identify any areas in need of immediate repairs or any mechanical or physical components that are reaching the end of their realistic life span. This secondary goal provides information that is useful in establishing a maintenance budget. For sellers who are already covered under a 2-10 Home Buyers Warranty® (2-10 HBW®) Systems and Appliances Service Agreement, discovering and repairing broken or malfunctioning systems and appliances could save them thousands of dollars prior to the actual sale.
Reasons to Consider a Pre-Purchase Home Inspection
Depending on the age and physical condition of the home in question, sellers or real estate professionals may want to schedule the aforementioned pre-inspection before the home is placed on the market. New homes with no obvious faults may skip this step, but if there are any legitimate concerns about defects or other issues that could derail a sale, it may be worth it to hire a home inspector. This allows the seller and their agent to address potential problems on a realistic schedule, rather than under pressure from a buyer who is demanding that work is completed before closing.
A quality home pre-inspection is designed to provide buyers with better information on the value of their home and help sellers make a more informed decision about their potential purchase. Pre-listing inspections are widely anticipated by many real estate professionals to become a common part of the sales process for any home or property. The importance of having a home inspection as part of the home sales process cannot be understated. It protects both your sellers and all potential buyers involved in the home sale.
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