NY Inspect| A Message To Property Sellers
- Everybody knows the condition of the home eliminating last minute surprises.
- Everyone knows “there is no such thing as a perfect home” an inspection will put that into perspective.
- Any issues that raised that need further evaluation, can be handled before the house is listed for sale, instead of during high stress negotiations.
- Sellers can make needed corrections or improvements or simply disclose the condition & sell it “as is “
- Buyers will feel more comfortable making an offer knowing what they are getting.
- In situations with multiple bids, buyers will more easily make an offer because they know the inspection conditions
- A seller’s inspection will bring in more offers from more potential buyers .
In today’s real estate market, with each and every buyer getting a home inspected, wouldn’t it be wise to have the inspection done before the home “hits” the market.
A home sellers inspection by NY Inspect is a very home selling tool that helps sell a home faster and can prevent the 11th hour renegotiation. Potential buyers can make an offer with the confidence of knowing an inspection was done.
Here’s Why Seller’s Inspections make so much sense!
Seller’s inspections, also known as ‘Pre-listing inspections’, help everyone involved in the transaction including the buyer, the seller and the real estate professionals.
With a traditional buyer’s (or pre-purchase) home inspection, the buyer and seller negotiate the deal and agree on a price, also known as an accepted offer. Then comes the home inspection during which the buyer learns about the condition of the home. Doesn’t that sound backwards to you? Would you
buy something before you knew what condition it was in?
The buyer received the inspection report and finds out the home is not perfect (none really are) and begins to re-negotiate, or even worse, they want out of the deal. The realtors are in an awkward position, because they are now involved in a tough negotiation process. Now they have to call the
seller and tell them the buyer wants to lower the price. Very often the sales process has to start all over again, or the deal falls apart. Obviously neither side is happy.
However …When the property conditions are disclosed before the negotiations and initial offer, there are no surprises. It’s as plain and simple as that.
Why doesn’t everyone do it this way? Before people were used to asking for a home inspection, there were none so this never became an issue. When home inspection was in its early days, homeowners hoped buyers wouldn’t ask for an inspection. But now all of that’s changes, what buyer doesn’t want
an inspection. This was a complete game changer because sellers now understand there will be a home inspection, so instead of sitting by and desperately hoping for the best, Homesellers can control the situation.
- The home seller will need to go through the process of finding contractor, deal with all the delays and then be sure the contractor completed it properly.
- We know that getting work done can be an inconvenience and only slows down the process .Most people just want to move on with it once they made the decision to sell .
- The seller of course will typically be motivated by price instead of quality work. The quality of work may not be that good which can lead to even more delays and additional expenses.
- The home seller may actually end up losing a buyer by doing the work. The buyer may be interested in a home with a high quality or energy efficient heating system. If the seller has to replace a heating or air conditioning unit it’s likely to be a basic unit without any bells or whistles.
- Another example: The buyer may be looking for a home with a slate roof, for example. A worn-out slate roof can be repaired . But if the seller has just removed the old slate roof to install a new asphalt roof, it’s not going to make them very happy..
- If however the house condition is just built into the price, both the buyer and seller are happy. The seller receives fair market value for their home and the buyer pays a fair price but still has the option to make improvements to suit their needs. And remember, just about every buyer makes changes to their new home anyway, so it works out best for everyone.
They could but we recommend not to and here’s why:
That’s no problem at all. What could be better that two sets of eyes. When the buyer sees that the inspections are basically saying the same thing, they will have even more confidence in the home and the process goes even more smoothly. By the way, you must realize that no two home inspections
are exactly alike as no two inspectors are the same so some variation in the inspection is more than normal.
Is the inspection and report different when it’s done for a
seller?
We perform the same great inspection for sellers and buyers.
Our report that includes:
- A summary with key findings and digital pictures you can use as a punch list
- The full report with conditions and recommendations.
- A termite inspection on the NPMA-33 form
