As you prepare to sell your own home, it is not uncommon for homeowners to feel overwhelmed as they consider the large number of decisions before them. What is the most competitive price for your home? Should you work with a real estate agent? How are you going to pack all of your belongings? These are just a couple of common questions that homeowners may find themselves asking. Additionally, some people might wonder whether or not it is a good idea to get a pre-listing inspection of their home completed, and today, we’ll review a few ways sellers can benefit from having this service performed prior to putting their home on the market.
Cash 4 Kansas Homes has more than 50 years of experience in helping Independence homeowners sell their homes quickly. If you’re interested in skipping the middleman while getting a fast, well-researched cash offer for your home, contact our team of home investors today at 913-276-0769!
Five Benefits of a Pre-Listing Inspection
When you put your home on the market and list it as “For Sale By Owner” (FSBO), there are many factors to consider to ensure that you sell your home with the best possible outcome. If you’re considering whether or not to get a pre-listing inspection, check out the benefits of this service below.
Professional home inspectors are incredibly thorough when they review your home, and having an inspector complete an evaluation of your property before you put it on the market can make you aware of possible hidden maintenance issues. When you are aware of the issues your home has before the buyer is, you have the opportunity to remedy the problem before listing your home, which can allow it show better. If you decide not to perform necessary repairs to right the issue(s), you’ll have the benefit of being better prepared for concession requests during closing, providing you with much-needed leverage in negotiations.
Fewer Surprises Before Closing
When you have gone through the trouble of decluttering, cleaning, and staging your home so that it can sell for top dollar, the last thing you want are unwelcome surprises in the form of troublesome inspection findings right before closing. Often, when there is an unknown issue with a home that comes to light in a home inspection, both the seller and the buyer are caught off guard. This can frequently lead to a delay in closing as both parties scramble to get estimates on the needed repair work and negotiate a final figure on paper. By requesting a pre-listing inspection on your FSBO home, you can avoid these types of unwanted surprises.
List Price Flexibility and Accuracy
The price that you choose to list your home at is one of the most important factors to consider when you are preparing to sell your home. In order to make an informed decision, many buyers rely on a market analysis that provides information about comparable listings in the area. While this is a very important part of valuing your home, so is knowing the exact condition your home is in prior to selling it. If your home needs a new roof, new plumbing, updated electrical, you can either perform the repairs for added structural value, or you can deduct the cost of reasonable repairs from your listing price.
Potential Monetary Savings
In the absence of a pre-listing inspection, the buyer will typically initiate an inspection to ensure they are entering into a sound real estate investment. If the buyer discovers an issue with the home, the seller and buyer negotiate to determine who will pay for the repairs and what the allowance is for the repairs. To protect their financial interests, buyers will frequently overestimate the cost of repairs. If the buyer requests the seller to provide a concession for the needed repairs based on the buyer’s estimates, the seller may lose more money that he or she would have if the repairs had been completed prior to the buyer’s inspection.
For many people, buying a home is the largest financial decision they will make. Not surprisingly, buyers want to know that they can trust the individuals involved in the real estate transaction, including the seller. One of the best ways for FSBO sellers to present themselves as honest and trustworthy is to have a pre-listing inspection completed. Doing so will allow the seller to disclose any known issues before the buyer requests his or her inspection, providing an element or transparency during negotiations. This can lead to increased buyer confidence and a smoother real estate transaction.
Cash for Independence FSBO Homes
Whether or not you should get a pre-listing inspection is just one of the decisions you’ll be faced with as you prepare to sell your FSBO home. If you’d like to forego making this decision and sell your home to an experienced property investor, Cash 4 Kansas Homes is here for you! We buy homes that are in any condition and we’ll make you a fair cash offer within 48 hours of inspecting your home. Beyond that, we’ll open escrow with a local, reputable title company to conclude the closing process in as little as seven to 14 days.