Home inspections have traditionally been for the benefit of the purchaser. Pre-inspected listings benefit all parties – purchasers, vendors and agents.
The benefits:
- Deals won’t fall through
- Speeds up the selling process
- Avoid renegotiation
- Knowing what repairs prior to sale
- Peace of mind for the purchaser
- Deals Won’t Fall Through
A lot of Home Inspectors now use a Thermal Imaging Device to help spot moisture, heat loss and water infiltration.
Home inspections, performed as a condition of the offer, can kill deals. Sometimes this is because:
- The purchaser gets cold feet
- There’s a big problem no one knew about
If the home inspection is performed before the house is listed, all parties will be aware of the condition of the house before an offer is drawn.
Speed up the Process
Home inspections, performed as a condition of the offer, can slow the momentum of the sales process. A vendor who pays for a home inspection is one step ahead. The whole process of selling the house is expedited.
Possible renegotiations after the inspection.
If all parties know the condition of the house prior to the offer, there is no basis for renegotiation.
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Repairs Prior to Sale
A pre-inspected listing allows the vendor to repair any conditions prior to putting the house on the market. Another option is to reflect the condition in the asking price, thus eliminating a negotiating point against you.
There may be discrepancy and the vendor may not agree with a part of the home inspector’s report. The Reliance inspector will be able to discuss and resolve it, before the house goes on the market.
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. The inspection company can return to do a walk-through with the purchaser, if requested.
Summary
Pre-inspected listings afford purchasers, vendors and agents the information and protection they all deserve.
Written by: Paul Yeadon is a professional inspector with MOSE Home Inspection Services of Montreal.
