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Real
Estate Home inspections have traditionally been for the benefit of the
purchaser.
Pre-listing
Inspections benefit all parties: purchasers, sellers, and realtors. Home
inspections, performed as a condition of the offer, can kill deals.
Sometimes this is because the purchaser gets cold feet. Sometimes it is
because the house has been misrepresented. Sometimes there's a serious
condition that no one knew about. Sometimes it is because the home
inspector scared the purchasers by not explaining that minor and
typical problems are just that - minor and typical. If the home
inspection is performed prior to the house being listed, all parties
are aware of the physical condition of the house before an offer is
drawn. There will be no surprises after the fact that might have been a
deal breaker.
Pre-listing
Inspections Avoid Renegotiation
In a
buyer's market, most houses have to be sold twice. It takes a lot of
work to get a signed Agreement of Purchase and Sale. Then the home
inspection is performed and the purchaser wants to renegotiate. If all
parties know the condition of the house prior to the offer, there is no
need for re-negotiation. As most Real Estate Agents know, renegotiation
is very difficult. Sellers have already mentally sold the house;
purchasers are suffering buyer's remorse. Egos, pride, and frustration
can muddy the already emotional waters. A seller who pays for a home
inspection will be further ahead than one who has to renegotiate. He or
she may even sell the house faster.
Unrealistic
Sellers
An
inspection at the time of listing can also help a Realtor deal with a
seller who has unrealistic expectations. The inspection report is good
ammunition for explaining why one can't ask top dollar for a house that
is not in top condition.
Repairs
Prior to Sale
Sometimes
the home inspection will reveal items that should be repaired
immediately. A pre-listing inspection allows the seller to repair the
condition prior to putting the house on the market. If the inspection
occurs after the Agreement of Purchase and Sale, the purchaser could
walk, renegotiate or, depending on the inspection clause, the seller
may have an option to repair. A repair done by an unmotivated seller to
satisfy the condition may not be the best repair and may not meet the
purchaser's expectations. This has caused more than one deal not to
close.
Peace
of Mind for the Purchaser
There
is no doubt that part of the value of a home inspection is a guided
tour of the house for the prospective purchaser. I can return to do a
walk-through with the purchaser, if requested.
Reputable
Inspection Company
Pre-listing
inspections will only have value if the home inspection company is
perceived to be reputable, qualified, and properly insured. Prospective
purchasers will have little or no faith in a report done by someone
they perceive to be in the sellers or Realtors pocket.
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Message
from Merritt Home Inspections:
As certified A.I.I. Home Inspectors we know houses. We've built 'em,
torn 'em apart, and added on to 'em. Nobody does more home inspections
in our market area. We are thorough, fair, and produce an easily
understood report. We offer on-line ordering and you can get the report
delivered to your email address, if you want. We use a computer in the
field to compile a complete and accurate report. Our business practices
have always been and will continue to be of the highest ethical
standards. Our reputation counts on it. You can too! |