When listing their home, sellers can greatly benefit from opting for a pre-listing home inspection. It is crucial to recognize that a home inspection contingency is a common and often troublesome condition for buyers in real estate transactions. By accepting an inspection contingency, sellers allow buyers to potentially tie up the property for up to 10 days without even conducting an inspection, providing an opportunity for the buyer to reconsider the purchase, renegotiate the price, or request costly repairs and upgrades. Additionally, the traditional business practice poses further issues as our local Multiple Listing Service mandates changing the property status to "Pending Inspection" (PI). Consequently, if the property returns to the market, potential buyers may perceive it as problematic, leading to stigmatization and potential loss of profit amounting to tens of thousands of dollars.
By inspecting up front, the seller will have peace of mind knowing the condition of the home and have the opportunity to do repairs (if needed), or price the home as-is. If a seller waits to find out the condition of the home until the buyer gets their own inspection, not only is it very stressful, the buyer has all the control and they risk losing the buyer or reducing the price.
There is a better way! Mary started pre-inspecting her listings in 2004 and hasn’t sold a listing with an inspection contingency since 2005 (Mary has a stellar track record). Her innovative process eliminates a second round of price negotiations and repair requests with the buyer and creates a faster sale and higher sales price.
To learn more about the benefits of a pre-listing home inspection, watch this short video at: www.preinspectionbenefits.com. For additional strategies for selling your home for top dollar, download Mary’s e-book at: www.maryleerealestate.book.com.
