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Presale
Inspections
Seller inspections (sometimes referred to as pre-listing
inspections) are becoming more popular because they virtually
eliminate all the pitfalls and hassles associated with waiting to do
the inspections until a buyer is found. In many ways, waiting
to schedule inspections until after a home goes under agreement is
too late. Seller inspections are arranged and paid for by the
seller, usually just before the home goes on the market. The seller
is the inspector's client. The inspector works for the seller and
generates a report for the seller. The seller then typically makes
multiple copies of the report and shares them with potential buyers
that tour the home for sale. Seller inspections are a benefit to all
parties in a real estate transaction. They are a win-win-win-win.
Advantages to the seller:
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The seller can choose a certified InterNACHI inspector rather
than be at the mercy of the buyer's choice of inspector.
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The seller can schedule the inspections at the
seller's convenience.
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It might alert the seller of any items of immediate personal
concern, such as radon gas or active termite infestation.
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The seller can assist the inspector during the inspection,
something normally not done during a buyer's inspection.
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The seller can have the inspector correct any misstatements in
the inspection report before it is generated.
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The report can help the seller realistically price the home if
problems exist.
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The report can help the seller substantiate a higher asking
price if problems don't exist or have been corrected.
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A seller inspection reveals problems ahead of time which:
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might make the home show better.
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gives the seller time to make repairs and shop for competitive
contractors.
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permits the seller to attach repair estimates or paid invoices
to the inspection report.
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removes over-inflated buyer procured estimates from the
negotiation table.
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The report might alert the seller to any immediate safety issues
found, before agents and visitors tour the home.
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The report provides a third-party, unbiased opinion to offer to
potential buyers.
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A seller inspection permits a clean home inspection report to be
used as a marketing tool.
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A seller inspection is the ultimate gesture in forthrightness on
the part of the seller.
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The report might relieve a prospective buyer's unfounded
suspicions, before they walk away.
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A seller inspection lightens negotiations and 11th-hour
renegotiations.
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The report might encourage the buyer to waive the inspection
contingency.
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The deal is less likely to fall apart the way they often do when
a buyer's inspection unexpectedly reveals a problem, last
minute.
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The report provides full-disclosure protection from future legal
claims.
Advantages to the home buyer:
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The inspection is done already.
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The inspection is paid for by the seller.
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The report provides a more accurate, third-party view of the
condition of the home prior to making an offer.
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A seller inspection eliminates surprise defects.
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Problems are corrected or at least acknowledged prior to making
an offer on the home.
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A seller inspection reduces the need for negotiations and
11th-hour renegotiations.
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The report might assist in acquiring financing.
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A seller inspection allows the buyer to sweeten the offer
without increasing the offering price by waiving inspections.
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