Why Should You Get a Pre-Listing Home Inspection? Why Should You Get a Pre-Listing Home Inspection?

Why Should You Get a Pre-Listing Home Inspection?

Friday, April 19, 2019

The Miami real estate market is starting to heat up. If you have been thinking about selling your home, you are probably feeling overwhelmed with the growing list of things that you have to do. Your mind might not even be thinking about what happens when you get an offer. This actually a good time to consider what will happen when an offer on your home is submitted to you.

Typically in a real estate negotiation in Miami, the buyer will have a condition to do a home inspection. Recently there has been a growing trend of sellers having a pre-listing home inspection done. Don’t be scared. Here are a few reasons it would be a good idea for you to consider it.

Truly Knowing Your Home

Even if you have lived in the same house for 15 years, without a proper inspection, it might be impossible to know everything that is really going on in your home. For instance, you would never know that you have dormant asbestos in your attic if you've never lifted the insulation. That might sound scary, but thousands of homes have it, and it is not harmful at all unless it is moved.

Although that is an extreme example, you get the idea. It would be much better for you to get a true understanding of your home before listing it. Allow yourself the time to address the issues that arise before your home hits the market.

Negotiating Power

If you have already taken the time and energy to have a pre-listing inspection done, there are no surprises that will happen in the middle of your offer process with respect to the home.

In a typical real estate negotiation, the buyer will put submit an offer that is conditional on a home inspection. They will then hire out and perform the home inspection. The buyers will review the results with their agent. If there is anything that pops up as a red flag for the seller, the buyers would use that to negotiate either to have you, the seller, remedy the issue before the closing date, or a price reduction to compensate for the issue. This can cause a few important problems in the middle of the offer:

  1. The buyers can get cold feet and feel that you are hiding things.

  2. You can be surprised and caught off guard with having to repair or reduce the price.


These are both emotional circumstances that can derail a negotiation in the middle of the offer process. A pre-listing home inspection is an opportunity to avoid these flare-ups from happening. It can give the buyer confidence with the home as well as knowing you are being as transparent as you can be. It will allow you to be in control of negotiating the condition of your home and defend your asking price.

If you have questions about a pre-listing home inspection, or Miami area real estate, contact us now. We would be happy to assist you in any way we can.





 
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