Cellar to Dome, PLLC
Home Inspection Service, and More
When it looks like the Inspection Report is going to be a deal breaker, just how unbiased do you think it's really going to be considering the fact that a deal breaker can put the Inspector on the Broker's no-contact list? With a Pre-Listing Inspection, there is no pending sale at risk. The Seller expects a "hold-back-no-punches" report for his own protection. How unbiased is that report going to be?
Lending rules keep changing in accordance with trends in the money markets, but one thing that never changes is risk analysis. When a property has had a Pre-Listing Inspection, proof of corrective action, and a Buyer's Inspection to verify, the risk factor goes down.
What are the Advantages of a Pre-Listing Inspection?
This is what the Agent wants to see - SOLD! When a home has been inspected and corrected prior to listing, it has more market appeal. Statistically is will be on the market fewer days, and is more likely to sell at or near the asking price. Best of all, the risk of a Sale getting killed due to the buyer's Inspection Report is far less likely.
When a Buyer orders a Home Inspection, and the Inspector finds "deficiencies", the Inspection Report often becomes the buyer's levereage tool for reducing the Selling price, and in some cases they even back out of the deal even for deficiencies that are easily corrected. When the Seller orders the Inspection, he/she has full control.
The Broker is responsible for the success of the Agency. He/she closely watches and analyzes business metrics such as Sales Closed per Agent, New Listings per Agent, Hours Worked per Sale, Days on Market per Listing, Number of Sales Dropped, etc. The bottom line is, a Pre-Listing Inspection reduces risk and improves sales metrics.
The Agent's Perspective
An Inspection Report on a home a buyer really loves can be disheartening. Multiple deficiencies make them fear the home is going to be a "Money Pit", especially for big-ticket items such as the furnace! Had that home been inspected AND corrected prior to listing, the buyer feels more secure at entering into a contract. It's sort of like the difference between buying a Pre-Owned Certified car vs. one with a large sticker that says "As-Is No Warranty".
The Seller's Perspective
The Inspector's Perspective
The Buyer's Perspective
The Broker's Perspective
The Lender's Perspective