Whether you are buying or selling a house, a home inspection is invaluable to both parties. Most homeowners are aware of the standard pre-purchase inspection, but many do not know the benefits of a pre-listing or pre-offer inspection.
Pre-Listing Inspection
A pre-listing inspection takes place by the seller prior to putting the property on the market, and has countless benefits for homeowners, realtors, and potential buyers. The valuable information found during this inspection can be used to assess a reasonable value sale price. If issues are found during this inspection, homeowners have time to fix them, which will increase the value of their home.
Knowing your house from top to bottom can facilitate a quicker sale and eliminate the need for re-negotiating. Sharing your findings of this inspection will give potential buyers a good idea of the condition of your home, and can help eliminate conditional offers. Many homeowners will use this report as a marketing tool to sell their home; potential buyers will read the report, consider the potential issues and make an informed decision, resulting in only serious buyers putting in offers.
Pre-Offer Inspection
A pre-offer inspection is done by buyers prior to putting an offer in on a property, and will be as thorough and informative as a pre-purchase inspection. This type of inspection is beneficial for buyers for many reasons, including making their offer more attractive to the sellers. Removing the condition of a home inspection from the offer may speed the purchasing process along. In addition, buyers will be able to make an educated price offer based on the information provided in the inspection.
Pre-Purchase Inspection
Deciding to have a pre-purchase inspection allows potential homeowners to walk through the property with a professional inspector after putting an offer in on the property. The home inspector will provide valuable information so that homeowners can make an educated decision whether they want to continue with the buying process. In addition, the home inspector will explain how your potential new home operates, how to take care of it, and repairs you can anticipate in the future.
Having an objective and comprehensive review of the condition of a property by a qualified, professional inspector is beneficial to both buyers and sellers in all stages of the home buying/selling process. Purchasing a home is one of the biggest financial investments a person will make, however, having all of the essential information provided by a home inspection will make sure you are confident in your decision.
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