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Johnny Kay is the inspector and owner of
Arrow Home Inspection Service, LLC. Kay
has been performing home inspections for
early two decades in the Charlotte-Metro
area. He is a Licensed Home Inspector in
South Carolina #327 and North Carolina
#1909 and a SC Licensed Residential
Builder #1519. |
Phone:
803-230-7656
E-mail :
jkay@arrowhomeinspectionservice.com
The
Pre-Listing Inspection
The typical home selling and buying
transaction includes the buyer having a home
inspector come into the home on the buyer’s
behalf. The buyer and the inspector leave
your home with more information and
knowledge than the homeowner and listing
agent regarding the current condition of the
home.
The scenario places the homeowner and
listing agent in the position of wandering
and waiting to hear the results of the home
inspection. The seller can and may be
totally surprised by a major concern that
must now be addressed at the 11th hour. The
buyer may now want the seller to pay to for
the requested repairs, reduce the sales
price of the house or in worst case
scenario, return their earnest money and
void the sales contract.
Having a Pre-List Inspection performed on
the home can help avoid some of these
scenarios. First and foremost, you will be
pro-active, instead of reactive, in knowing
and understanding the current condition of
your home.
Advantages of having a Pre-List
Inspection on a home you’re selling:
- You’re being Pro-active and not
reactive;
- You gain valuable information “first”
regarding the current condition of your
home;
- You eliminate the “shock value” of
having someone else tell you the condition
of your home
- The report can help the seller and
listing agent realistically price the
house:
(a) you may identify and perform the
needed repairs and be able to substantiate
a higher price if the problems have been
corrected; (b) price and sell the home “as
is”. Both of these approaches can and may
reduce negotiations in the sales contract.
- The seller may wish to attach paid
invoices for repairs made for the buyer to
view. This can and may reduce some of the
buyers’ anxiety and suspicions.
- The report can give you insight on
some areas you may wish to upgrade (i.e.
Smoke detectors, GFCI protected circuits)
- It shows the potential buyer that you
are acting in good faith rather than
receiving the buyer’s inspection report
and saying “I didn’t know anything about
that”. This situation can and may make a
buyer reluctant or even suspicious.
- Spending a few hundred dollars upfront
on repairs can and may save a homeowner
thousands when repairs are negotiated by
the buyer to reduce the sales price of
your home due to needed repairs.
(Generally negotiated repairs are valued
at inflated prices versus the actual cost
of the repairs)
Hope this information helps and Good Selling
to You!
Note: The
content here is based solely on my opinion,
experience, and knowledge of home
inspections. Additional sources of any
information that may appear in the letter
will be so noted. This newsletter is the
exclusive property of Arrow Home Inspection
Service, LLC. Any use, duplication, and/or
distribution of this letter (in part or in
whole of its content) by anyone and to
anyone other than the intended recipient(s)
by any unauthorized persons is prohibited.
Arrow
Home Inspection Service, LLC, copyright ©
2011 |