When it comes time to sell your home, there are a lot of strategies that you can use, however, one that many sellers are leaning towards is complete a pre-listing inspection. From staging to an accurate list price to navigating the closing process, there are countless details to manage and one step that can make a significant difference, both in easing the selling process and potentially enhancing the outcome, is conducting a pre-inspection.
Perks of Conducting a Pre-Inspection
Repairs and Damages
A pre-inspection allows the seller to identify any existing issues with the property that might be seen as red flags for potential buyers. This could range from minor repairs like a leaky faucet to more significant concerns like electrical issues or roof damage. By understanding these issues upfront, the seller can choose to make necessary repairs or upgrades, which can both improve the home’s marketability and appeal as well as boost the list price of the home.
Setting an Accurate List Price
The inspection can immensely help sellers in accurately pricing their home. If a seller chooses not to make repairs, they can adjust the listing price accordingly, reflecting the home’s condition or, should they wish to make the needed repairs, they can provide proof of repairs which could boost the home’s value, and thus the list price. In some instances, many seller’s may choose to offer a seller’s credit instead of addressing the repairs personally.
Smooth Closing Process
By providing prospective buyers with a copy of the pre-inspection report, many potential buyers will see that the seller has taken proactive steps to disclose the condition of the home fully and accurately. This transparency can also differentiate the property from others in competitive markets, giving buyers the assurances needed to feel comfortable moving forward with the buying process.
Avoiding Hiccups and Delays
Sales often get delayed or fall through when unexpected issues are discovered during the buyer’s inspection. Luckily when sellers choose to conduct a pre-inspection, sellers can either address these issues beforehand or be prepared to discuss them openly with potential buyers. This preparation can lead to quicker negotiations since there is less likelihood for surprises that lead to unforeseen repair requests, lower offers, negotiating, or buyers walking away from the sale all together.
Increase in Foot Traffic
The market is seeing a higher number of homes on the market, which can in turn, make it harder to have your property stand out from the rest. When buyers know the condition of the property upfront and see that major issues have been addressed, they might be more likely to make a competitive offer and avoid looking at as many comparable homes in the area.
When it comes to selling a home, using whatever tools available to you to streamline the selling process will help you have an overall better selling experience. Before you’ve officially listed your home, consider conducting a pre-inspection to ensure your home is ready for the competitive market in Park City! Whether you’re ready to list your home or you’re searching for the perfect house to call home, our team of Park City experts are ready to help, contact us today!