It's typically recommended for buyers to include a home inspection condition in their purchase agreement when they put in an offer to buy a home. This will give them the opportunity to check out the home in greater detail with a professional to see if there are any problems with it that were not identified during the initial visit(s).
But as common as home inspections are from the buyer's end, having them done before the home is listed is not as popular. After all, sellers know that buyers will probably have an inspection ordered anyway, so they may think that it's not necessary for them to have a pre-listing inspection done on their end.
But is this something that sellers should consider? What are the advantages of having a home inspection done before a home is listed on the market?
Your Home Will Be More Attractive to Buyers
Buyers will appreciate knowing that a home they are interested in is in good condition. The better shape a home is in, the more confident buyers will be to submit a decent offer.
In addition, buyers will perceive you as being a serious buyer who has taken the time to ensure the home is in good standing or at least has had issues uncovered and rectified before a buyer takes possession. You can really gain a competitive edge by having an inspection done on your own before listing.
Save Yourself Additional Negotiations
Home inspections are often a source of renegotiations after an offer has already been accepted. That's why sellers (and their agents) are often a bit nervous when a buyer and their inspector check out a home in great detail because anything can rear its ugly head and derail a deal.
Rather than risk having the unknown spring up unexpectedly and unpleasantly, you can have issues identified before buyers find them. Then, you can either disclose them or have them fixed before the first buyer ever steps through your front door. This will create a situation that's much less vulnerable to renegotiations, saving everyone involved time and hassle.
You'll Be the First to Know About Any Issues
You'd be much better off finding out about issues with your home rather than letting buyers figure them out first. Rather than waiting for the buyer's inspector to uncover issues before you do, you can uncover these issues and take appropriate measures to rectify them before anyone becomes privy to these problems.
An Inspection Will Give You Time to Make Repairs Before Listing
If a buyer's home inspector finds something out that warrants significant repairs, you could find yourself rushing around trying to fix the home before the closing date arrives (assuming you've agreed to make the repairs after going back to the negotiating table).
Instead of stressing yourself out trying to get repairs done within a short time frame, you can set your own pace to have repairs made before you list your home for sale. That way there's no need to rush, and you'll have plenty of time to get the job done properly.
Closing Will Move Along Faster
Anything can happen in real estate transactions that can delay closing, and home inspection problems are one of them. If something is wrong with the home that's identified during the buyer's home inspection, this could put a wrench in the deal until everything's been ironed out.
Sorting out any issues with your home that have been identified by a pre-listing home inspection can help you avert any unnecessary delays in closing.
You Could Save Some Cash
While inspections cost money up front, they can actually save you some money at the end of the day. Often times buyers will ask to have the price of a home reduced after finding out about certain issues. Or, they could ask for credits to cover the cost of making repairs themselves.
All this means money out of your pocket. You can realistically avoid these expensive scenarios by dealing with issues uncovered by an inspection that takes place before listing.
Should you have a home inspection done before you list your home for sale? That answer is up to you, as there really is no right or wrong answer. That said, you should consult with your real estate agent before making this decision, because the market you're in may dictate whether or not a pre-listing inspection is warranted.