Pre-Sale Home Inspections
Pre-Sale Home Inspections will get you a Fair Selling Price
Al Weiland is not only nationally certified in home inspections, he's also a licensed real estate broker. This gives Wall to Wall Home Inspections unique insight into the home buying and selling process. In our experience, sellers often think a pre-sale inspection is unnecessary. Many current homeowners assume performing basic repairs and re-painting any peeling areas is sufficient. However, once you fill out the Real Estate Property Condition Report and list the home with a realtor, you give the buyers all the power in regards to purchasing your home. This takes place in two ways, right-to-cure and no-right-to-cure.
How does it Work?
Right-to-Cure is written into an offer which refers to any defects found within the home during a home inspection. If requested by the prospective buyer, the owner has the Right-to-Cure the problem to avoid price adjustments or a cancelled agreement. If the potential buyer finds any issues or problems during the home inspection which were not disclosed on the real estate property condition report, the seller has the opportunity to fix the defect before the buyer can walk away from the deal. Right to Cure laws tend to prolong real-estate negotiations, which generally benefit the buyer, and can lead to costly litigation.
How does it Work?
Similar to right-to-cure, this also refers to defects found in the home as part of an inspection which were not fully disclosed in the condition report. The difference is the seller has No-Right-to-cure. This means the prospective buyer can ask you to fix the problem, ask for money off the listed price of your home so they can fix the problems themselves or they can walk away from the deal altogether.
In both these situations, the seller ends up with the short end of the stick and the buyer has all the power. With a quality pre-sale inspection and full disclosure, you can get a better price on your home.
Wisconsin Home Selling is all about Disclosure
Pre-Sale Home Inspections Provide Complete Condition Reports and No Surprises
To ensure you get the most for your money, it's in your best interest to have a pre-sale inspection. You can then use the information from the pre-inspection when filling out the condition report. By disclosing any issues upfront, the buyer cannot come back later and ask you to fix them since the issues were already stated in the condition report. The more you disclose the better.
Pre-Sale Inspections give YOU Control when Selling a Home
For example, let's say you get a pre-sale inspection and Wall to Wall Home Inspections discovers your roof is in poor shape. You then have the option to either:
Replace the roof and list at a higher price-
Pay for the roof replacement and recoup your loss by getting more for your house. You'll be able to use the newly replaced roof as leverage for a higher asking price.
Get roof repair estimates and adjust price-
You can then settle on a mid-priced bid and reduce the sale price of your home accordingly. It will still attract buyers because of the lower price, while fully disclosing the roof needs work.
Cost Control in Home Selling
Whichever you decide, a pre-sale home inspection will give you the info you need to address home defects before they're discovered by the buyer. This will prevent a potential buyer from getting a home inspection, discovering the roof needs work, then going to the most expensive contractor in the area and asking you reduce the asking price by a significant amount.
Take charge of selling your home with a quality pre-sale inspection. Rely on Wall to Wall Home Inspections for our exceptional pre-sale services and get the most for your home.