Profile picture for scully75

Thoughts on a pre-sale inspection?

What is the professional school of thought on a seller investing in a pre-listing inspection as a means to uncover and remediate any potential issues proactively? Worth it for the seller? Any cons other than the cost?
  • January 05 2013 - US
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Answers (6)

I agree that one advantage to getting the inspection is you the seller can fix those small items because buyers might try to use that small item for a big discount.  However, I would take that a step further and say that even if you do NOT fix the item, the fact that you've openly displayed that flaw makes it so the winning buyer can't wait for the other buyers to disappear and then spring that request on you.  By asking all the buyers to sign that report, you are essentially saying "Look, I am already telling all of you that conditions 1, 2, and 3 exist, so now that you are bidding for my house, you are bidding with that knowledge.  Right now you are bidding against 9 other buyers, so if you want to take off too much for items 1, 2, and 3, keep in mind that may mean you will lose out to one of the 9 other buyers.  If you try to wait for those 9 other buyers to disappear and then lower the price, I'm going to point back at your signature on this report and that date that shows you read it BEFORE making your offer."
  • January 05 2013
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Yes, sellers should invest in a pre-listing inspection and ask all potential buyers to read and sign the reports to show that they read all the reports before submitting their offers.  This way you discourage buyers from trying to renegotiate later down the road after the other buyers have disappeared.
  • January 05 2013
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thanks for posting your question Zillow.com!

I am a big fan of getting a seller to get their property pre inspected!

I feel it nips all of the issues up front & makes the property far more attractive and stand out where is the other properties.
  • January 05 2013
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Profile picture for Ofe Polack
It all depends on the finances of the seller, if they can do it $$$ go ahead.  There is nothing like a house that is well maintained.  I must warn you that even when that is done, another home inspector can come and find something else, but it should be minor.   I will say, all things being equal, have the home inspection fix what needs to be fixed, and negotiate the rest, at least it will not come as a surpise later on. 
  • January 05 2013
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A seller having a private inspection prior to listing the home has definite advantages...IF the seller does something with the information!  If the seller gets all or even some of the needed repairs done, they will avoid a situation where a buyer uses repairs discovered during the inspection as an excuse to renegotiate price.  It will also make the home more acceptable to those pesky "picky" buyers. If the seller chooses to make the report available to the buyer, it can also build trust and make the home appear both more desireable and "safer" to the buyer.

Of course, the seller needs to weigh the cost of the repairs against the value of the home.  There's no point in doing repairs that cost 25% or more than what they will add to the homes value or doing repairs on a home that's seriously under water.  The seller should discuss the pros and cons of the pre-listing inspection and any repairs with their agent.

  • January 05 2013
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Profile picture for IdaBearHomes
Absolutely... I think a seller can easily and affordably address repair issues prior to an offer. Some buyers are so finicky that even the smallest repair can unravel a sale. Additionally, many home owners have the skill-set to make many repair. But, when a potential buyers asks for such repairs they typically will require the repairs complete by a class A contractor, costing the home owner unnecessarily. I am ALL for the pre-listing inspection.
  • January 05 2013
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