The pre listing or sellers inspection gives buyers a better idea of where they stand and what, if any repairs or additional work is needed. It can also help sellers fend off unrealistic demands by buyers for cost of repairs. Studies show that buyers expect a 2 or 3 dollar price reduction for every 1 dollar of defects turned up by a buyers inspection report. With their own report sellers can decide, for example to spend a thousand dollars on certain repairs tha may mushroom up to thousands of dollars in price reduction demands. Having the sellers inspection and doing the repairs from it thus reduces time and saves money and relieves tensions of possible unfriendly negotiations.
According to Real Estate professionals across the country sellers inspections are increasing over the last few years and are helping sale move faster and smoother. Buyers would like to just move into their new home without repairs or surprises, so a seller inspection along with the repairs and/or disclosure will make a home more appealing for many buyers and easier overall for Real Estate Agents.
According to InerNachi founder Nich Gromicko the Denver Colorado area has seen a great increase in sellers inspections. 28% of inspections were for sellers in recent years, where as in 2006 only 2% of inspections were for eh seller.
Home inspector Doug Edwards a Certified Master Inspector says "Of all the seller inspections I have done over the years, every one of them ended up getting their asking price because they went ahead and fixed any major items and put the minor, nickel and dime items on their disclosure. Unfortunately, some Realtors talk their sellers out of getting a pre-sale listing inspection even when they know ther may be items that can hurt the sale."
It appears that sellers inspections in California and Colorado caught on quickly as the rest of teh nation is starting to follow their lead including here in Texas. Seller home inspections in the San Antonio area can be a win situation for all. If offers something for everyone, seller, buyers and also the real estate agents involved.
- JWK Inspections