Pre-listing home inspections
Tomson Burnham, llc is a strong proponent of prelisting home inspections and we integrate them into our marketing plan.
- Home inspections are a standard contingency in real estate contracts. The standard real estate contract used in Salem Oregon has a home inspection contingency where a buyer will take the time to inspect the home to make sure they are satisfied with the condition of the home. Buyers are not going to have a home inspection done until they are engaged in a contract with a seller. If the potential buyer finds anything in the home inspection they object to, they have the right to pull out of the contract.
- Sellers can lose valuable marketing time by being tied up in a contract that might fail. While your home will still be marketed during the inspection process, many buyers are not interested in looking at homes under contract. Many transactions fall apart because of home inspection reports and negotiation of repairs. Sellers need to decide if they want to know what defects they have in your home, as most homes have some type of defect, and repair them ahead of time, or wait and see what happens at home inspection time.
- Sellers can reduce their stress level. Selling a home is stressful. This can be reduced by some planning. Knowing what repairs need to be done means taking the time to get good quotes and shop around for service. In the middle of a real estate transaction, time is of the essence, and a seller may end up paying more for a repair in order to get it done quickly.
- All homes have defects. Sellers only have to disclose what they know, but ALL homes have defects. Homes are built by human beings on soil that moves. Defects are inherent in home ownership. If the buyer terminates the contract over the home inspection report, then sellers will have to put the house back on the market and deal with the stigma of a sale fail. Any defects that came up on the inspection report must be disclosed by Oregon law as they are material defects.
- Prelisting inspections protect sellers. Misrepresentation is a huge concern between buyers and sellers. Sometimes things happen right after a sale and buyers state the seller knew about it and failed to disclose. If a seller has a prelisting home inspection and the buyer performs a second home inspection, then it can help protect a seller from erroneous lawsuits.
- Sellers aren’t contractors. Home owners are allowed to repair their own homes, but some are more capable in this arena than others. Some sellers have chosen unique methods to temporarily fix things. Sometimes they fail to realize that their fix is dangerous or not appropriate. Finding some of these issues upfront allows them to get corrected by a professional.
When preparing your house for sale, you are going to do lots of things to make it more appealing to potential buyers. You are going to clean up the yard, apply a fresh coat of paint where needed, get rid of all clutter in and around the house, have the kitchen and all bathrooms thoroughly cleaned, clean the carpets, clean all windows, etc. A pre-listing home inspection will help you find out about any repairs before your home is put on the market. By making this investment on the front end of a transaction, the chances of problems coming up during the inspection process are greatly reduced. You should consider a pre-listing home inspection as part of the preparation process.