Princeton Town Topics – Let’s Talk Real Estate – October 26, 2016
SELLERS: SHOULD YOU HAVE A HOME INSPECTION?
About four out of five home buyers have a professional home inspection prior to closing on a sale, and for buyers, the advantages are obvious: A professional inspection is a great way to uncover potential repair issues prior to a sale as well as providing valuable leverage in the final negotiations. In recent years, more sellers have been opting to have inspections even before placing their homes on the market. Why? Three primary reasons:
- Professional home inspections provide sellers with an opportunity to repair problems using their own contractors before their home goes on the market to help avoid delays in escrow.
- Sellers who don’t want to make repairs can price their home more accurately based on the inspector’s findings, helping to avoid last-minute negotiations prior to closing.
- Seller inspections provide a guideline for comparison when the buyer’s inspection comes through, and having your own inspector review the buyer’s inspection can help you determine if you’re willing to lower your price or make other concessions.
Having your own inspection also shows buyers you’re serious about selling and can provide buyers with the peace of mind they need to close quickly.
