Every homeowner is looking to get just a little bit more money for their property. Painting the front door and amping up the landscaping are great ways to add value to any property, however there is a well-kept secret among professional home inspectors: pre-listing inspections. A good understanding of the issues with your property as well as the decision to either fix them or list at an accurate price can go a long way in avoiding the hassle of negotiation when your buyer does his or her own inspection.
Keep in mind that 80% of all real estate transactions are contingent upon a home inspection. The best way to be proactive in selling your home is to perform your own professional home inspection prior to listing your property on the market. This will enable you to attract the highest and best possible offer, resulting in more cash in your pocket. The rule of thumb for buyers is to ask $3000-$5000 off the asking price for every estimated $1000 worth of repairs. You, as the homeowner, should be aware of those issues up front before the buyers start rolling in so as to avoid lowball offers due to repairs that should have been addressed long before the property ever hit the market.
It has been said that knowledge is power, however, in the real estate market, the ability to negotiate well is power. Avoid surprises! When you take the time to educate yourself about any issues or repairs concerning your property, you will be able to better price your home for the market as well as decide if you should fix the issues or leave those decisions to your buyer. Negotiate based around the necessary repairs if you are not inclined to fix them, however, you will have more power if you've addressed the issues in advance.
In competitive real estate markets, a pre-listing inspection can be used as a superior marketing tool in that you can amp up your property descriptions based on the items you've repaired as a result of your inspection.
Regardless of your decision to have a professional, licensed home inspector perform a pre-listing home inspection, it is your job as the seller to do one thing: make your property shine above the competition.
If you'd like to learn more, please don't hesitate to message Lang Premier Properties online or call us at 1-855-526-4466.