How Does A Property Inspection Benefit the Seller?
Usually, property inspections are conducted at the request of the buyer. It could be a building inspection, pest inspection, or any other kind. Buyers go through this process to be sure that they are investing on a property that is worth it.
Inspections basically have lots of benefits for buyers. However, a property inspection can also be done to the seller’s advantage. An inspection conducted before putting a property on sale is called a pre-inspection. This helps the seller get the best deal for their property and deal with conditions that could affect or stop a sale. Read on to learn more about the benefits of a pre-inspection to sellers.
Property Inspections and What They Do
A property inspection involves a thorough check of the entire building and property. It is done by a licensed property inspector with the use of technology and equipment that can look deeper into the foundations and not just what the naked eye can see. The cost and time needed to perform the check depends on the size and what kind of inspection you want to be done.
Although a home may look fresh and brand new, there could be flaws and defects that are just hiding in plain view on places where a typical homeowner doesn’t usually check. Having a property inspector look into your property helps spot these problems and deal with them as soon as possible to prevent them from turning into more costly repairs. Be sure to look for trustworthy and professional property inspection services in Melbourne for a thorough and expert check on your building.
Added Security to Your Deal
Arranging for a pre-inspection is important before putting your property on sale. It helps avoid negative surprises during the negotiation period, making you get the best deal for your property. When the buyer’s property inspector finds out all the hidden flaws and damages in your property, there’s a huge chance that the deal will be off. In some cases, the buyer may even negotiate with you to lower the price because of the costly repairs he needs to shoulder after buying the property.
If you had a pre-inspection before selling your property, you’ll know all the minor details of your building. This gives you greater control over the situation especially during the negotiation process. You may also opt to repair these damages before selling the property. You’ll have the freedom to look for cheaper repair alternatives, helping you save on repair expenses than just agreeing on the buyer’s terms of repair.
Aside from that, you can also save yourself from legal issues since you have your own assessment that would help you take a stand in case a buyer sues you for non-disclosure of any issues or flaws of the building.
Allocating time for a pre-inspection gives the buyer a positive feel towards the property you’re selling. This gives an impression that you have nothing to hide and that they can trust you with their investment.