Knowing what defects are present at the initial listing creates enormous benefits:
- It will allow the agent and the Seller to discuss what items should be fixed and what should not.
- It will substantiate your price, or may convince a Seller to rethink the asking price.
- It will be full disclosure protection for the Seller and agent.
- It will allow the Seller to shop around for the best price to repair (not an inflated price that a Buyer would use to make sure all is covered.
- It streamlines the process.
A Seller’s inspection can eliminate the hassles a buyers inspection causes:
- No more renegotiations.
- No more deals that fall through when the home inspector finds a problem.
- No more does the Seller have to deal with inflated cost estimates that costs him or her money.
- No more spending lots of hours, dollars, energy, and advertising to get a contract that is voided by surprise defects.
How easy is selling a house with a Seller’s Inspection?
After the listing is signed, a Seller’s inspection is performed. If significant damage or defects are found, there will be disappointment, but no hysteria or regret. No deal terminated. The agent will discuss the problems with the Seller and will determine if this listing is “AS IS” with full disclosure, or if any repairs need correcting to expedite the sale. The Seller then corrects any problem areas, and calls for a re-inspection of the home. The home inspector returns, cleans up the report, and uploads the revised report to the internet for your web listing link. Next, a buyer enters a contract agreement with the Seller. The Buyer will choose to trust the home inspection or, will have another inspection performed. The transaction proceeds as planned. Everyone is happy.