Is Having A Home Inspection Before Listing A Home A Wise Decision!
Are you planning to sell your home? If yes, that’s great, and I’m sure you want to sell it for more than you originally bought it for. Selling a house for profit can be quite stressful and challenging for some people, but if you follow a few simple tips and tricks of the trade, you will be fine. This article will share some tips and tricks to follow to make more money from a house sale.
Some of the main reasons for selling a house for people in the United States include quick turnover on the property as necessary, the convenience of being located close to work maybe, moving to another city, and even job opportunities. Some people are passionate about flipping homes to sell them, and this helps them make a profit and enjoy renovating homes to give them a complete transformation.
So whatever your reason to sell might be, I will focus on how to sell your house, sell it fast, and sell it with a good profit. The only initial advice I will give you is to have a home inspection before selling your home. Yes, a home inspection. Why, well, I will be discussing all that in the article that follows.
Selling An Old Home?
Problems with old homes begin to surface only after new people move into them. This is because homeowners don’t take good care of their possessions and are often unaware that such problems worsen over time. As a result, nearly 75% of old homes survive many decades with unknown underlying issues, waiting for owners to learn the importance of exterior and interior renovation.
The primary objective while purchasing a home is to own it for a long tenure – but when properties lack maintenance, they’re dragged into decay quickly. If you sell a house built 50 years ago, it is considered old. Any new home buyers interested in investing in your property should have good reasons. Let’s assume you are selling a home in Colorado. Your old home’ charm and serene surroundings a midst an open expanse of land etched in snow-capped mountains may be a huge selling point. Still, if the home is not well taken care of and the buyer brings in a licensed home inspector from Colorado to inspect your house, problems are sure to surface. The result of such homes, if the issues are too costly or aggravated, is that they fail to sell and result in dead deals or worse, the house being on the market for months and listings going stale.
Old homes start displaying symptoms like poor ventilation, hot spots, and excessive shrinkage in walls; it’s just that most homeowners don’t notice to address them or either ignore them since they are not causing problems.
Importance Of A Home Inspection Before Listing
Having a home inspected by a professional home inspector in Colorado would have helped address the problems instead of displaying them in front of interested customers and turning them away. A study conducted by Zillow reveals that more than 10 billion dollars in homes nationwide are sitting on the market, begging for a buyer willing to pay fair market value. When expecting a reasonable price, sellers themselves need to be honest and have their homes inspected and repaired for any items that can pose a problem for future homeowners.
Benefits Of A Home Inspection Before Listing
In Colorado, a home inspection cost is a minimal amount you pay against getting a clear picture of your home’s current condition. Many homeowners recover this price during their homes sale. Some of the benefits you can reap from a pre-listing inspection are:
-Based on the home inspection report from a licensed home inspector in Colorado, you save yourself from surprise costs and repair problems in homes that buyers usually demand and fix in time before they come up during a buyer’s inspection. You also get time to heal and repair some cheaper items or issues that are manageable before selling your house.
-As a seller, you want to make sure your home sells quickly and at an optimal price. Here is when professional inspectors come in handy. Skilled inspectors make sure the property is up-to-date and ready for its best chance of selling.
-Some sellers decide not to make repairs after they go with a home inspection and provide an accurate estimate of repairs that might be needed, leaving enough room for negotiation in the price. For example, sellers might have room in their budget to negotiate 10% more off of the current asking price if they know their home needs repairs and renovations.
-As a seller, you want to make sure the home is in good condition before listing it online. So while most buyers tend to overestimate demand for repairs, it’s worth conducting home inspections beforehand to avoid losing money on this repair price.
-It’s a given that a positive property image listed on the market helps sell it faster; However, no house is in perfect shape, and buyers still may have an inspection. You can put your best foot forward as a seller by performing a pre-listing inspection before putting your home on the market.
-NACHI believes “a pre-listing inspection of a residential property and the ensuing informal reviews can provide a priceless marketing advantage to sellers.” A pre-listing inspection will make the seller more trustworthy in the eyes of potential buyers and lead to faster sales.
-A home inspection before listing helps avoid potential buyer concerns and issues such as plumbing leaks, structural damage, pest damage, trees impacting the landscape, etc. If a home is appraised at $250,000, and the buyer can finally buy it for $235,000 because an inspection revealed that it needed repairs and wiring work, the buyer will be thankful for their deal, and so will the seller, as he won’t have to go through all the repair hassles.
Along with all the benefits listed above, it is diligent on the seller’s part that when you are selling a home in Colorado, you provide potential buyers with an up-to-date homeowners insurance policy that includes a licensed property inspection report. In cases similar to when you are selling a home, hiring licensed home inspectors for a home inspection ensures you get protected from unnecessary surprises during a transpiring deal or, worse have a home sale turning sour. Protecting your assets and getting the best value for your home sale is something every homeowner rightly deserves, and a thorough home inspection gets you just that.