Seller inspections (sometimes referred to as pre-listing inspections) are becoming more popular because they virtually eliminate all the pitfalls and hassles associated with waiting to do the home inspection until a buyer is found. In many ways, waiting to schedule the inspection until after a home goes under agreement is too late. Seller inspections are arranged and paid for by the seller, usually just before the home goes on the market. The seller is the inspector's client. The inspector works for the seller and generates a report for the seller. The seller then typically makes multiple copies of the report and shares them with potential buyers who tour the home for sale. Seller inspections are a benefit to all parties in a real estate transaction. They are a win-win situation.
Advantages of a Pre-Listing Inspection:
- You can schedule the inspections at your convenience.
- It may alert you to any items of immediate concern, such as radon gas or active termite infestation.
- You can assist the inspector during the inspection, something normally not done during a buyer's inspection.
- You can have the inspector correct any misstatements in the inspection report before it is generated.
- The report can help you realistically price the home if problems exist.
- The report can help you substantiate a higher asking price if problems don't exist or have been corrected.
- A seller inspection reveals problems ahead of time, which:
- might make the home show better.
- gives you time to make repairs and shop for competitive contractors.
- permits you to attach repair estimates or paid invoices to the inspection report.
- removes over-inflated buyer-procured estimates from the negotiation table.
- The report may alert you to any immediate safety issues found, before agents and visitors tour the home.
- The report provides a third-party, unbiased opinion to offer to potential buyers.
- A seller inspection permits a clean home inspection report to be used as a marketing tool.
- A seller inspection is the ultimate gesture in forthrightness on the part of the seller.
- The report might relieve a prospective buyer's unfounded suspicions, before they walk away.
- A seller inspection lightens negotiations and 11th-hour re-negotiations.
- The report might encourage the buyer to waive the inspection contingency.
- The deal is less likely to fall apart, the way they often do, when a buyer's inspection unexpectedly reveals a last-minute problem.