A Pre-Sale Home Inspection allows you to assess the value and condition of the home.
A pre-purchase inspection allows you to assess the value and condition of the house. This includes structural soundness and the condition of the mechanical systems. Before closing on a deal, everyone will be notified of any problems with the house.
Selling your home is one of the most important financial decisions you will make in your life. As a result, it is worthwhile to be sure of the quality and integrity of your home before you even put it on the market. A home is truly the place where your heart lies, and this begins with the listing process itself.
You do not want to get the hopes up of every member in your family, only to have them come crashing down due to a failed home inspection way down the line. To avoid this, consider the importance of conducting a pre-home inspection before you even get serious about putting your home on the market. With such a report, you will no longer need to worry about any deal falling through because of an important issue on the inspection report. Such a situation would put the financing of the sale in jeopardy. Continue reading to learn more about this critical issue.
It Is All About Value
One of the advantages of getting a pre-home inspection in Canada is that it helps determine the selling price. You are too emotionally invested in your home to make this determination on your own. Most people feel that their house is worth more than it actually is because of their attachment to the property.
As a result, homeowners tend to want to list their homes at a value much higher than the market will allow. Doing so will not only limit the number of prospective buyers that will come by to take a look, it also precludes a lender from agreeing to permit the buyer to borrow more money than the home is worth.
If you do not have a pre-inspection report, you will have no way of knowing your home’s actual value. Sure, you can look at comparables in your neighborhood but that only gives you an idea of what you should be getting. An appraisal will be included in the report, so getting an inspection is a prudent course of action to take.
Get Problems Fixed That You Did Not Know Existed
Many people wonder what a pre-inspection report entails. Quite a lot goes into such a home inspection. The inspector will closely analyze the foundation, structure, and mechanical underpinnings of the home itself. Why would you do this before a buyer indicates their intent to purchase? Well, simply put, it heads off potential trouble down the line.
A professional home inspector will find out if there is anything wrong with the heating system. This is a big plus in Canada. It could be a deal-breaker if it is found out right before closing that the entire furnace system is close to it’s end of life. The inspection will also look at the plumbing and electrical system throughout the entire house. If there is anything that should be fixed, the report will indicate it as such.
These are items that could kill a deal, so it is best to have them corrected before the home is even listed. This will then give the seller peace of mind as they begin to close a purchase offer, as the inspection has already revealed that the home is in great shape.
Provide Prospective Buyers With Peace of Mind
Buying a home requires a huge financial investment. Selling a home in Ottawa is made easier given the hot market, but buyers still want to be assured that they are getting what they pay for. When you have a pre-sale inspection report generated, you can provide that to prospective buyers the first time that they come out to have a look. They will know exactly what the issues are, if any, and feel good about your integrity as the homeowner. It is simply a prudent course of action to take.
Save Time and Money
This should be music to your years. As a seller, you are obviously interested in maximizing your sales price and the profit you make from the eventual sale of your home. To do that, you will likely need to invest in a few repairs, even if the house is relatively new. If you wait until after an offer is made on your property to have the inspection done, you will be in a time crunch to get the work completed or risk having the buyer walk out on the deal. A pre-sale inspection gives you the time to shop around for various contractors and ensure that the work is done the first time correctly and within a budget that you can live with.
Prevent Unnecessary Repairs
When you are selling a home in Ottawa, there will almost certainly be some repairs that you need to make. Unless you are a licensed contractor yourself, however, you should wait to determine what precisely those repairs are before setting out to get them fixed. What might seem to be a problem to you might be found during the pre-sale inspection to be related to something entirely different. This will save you the time, hassle, and expense of repairing items that weren’t really broken in the first place.
In short, an inadequate home inspection can be a deal-breaker in more than one way. Heading off these problems before you even list your home is the way to go. It provides for a more streamlined buying process in the end, which means that you will receive your money and can get on with your own life in your new home. If a prospective buyer finds issues with leaky pipes or the roof, they may back out of the deal regardless of whether or not you agree to fix them. Have an inspection done before that even happens so you can go ahead and get those items fixed.
Sandi Branker is a Real Estate agent and a Think Ely Real Estate Team member at Zolo Ottawa. She can be reached at (613) 408–7935 or by email at email@example.com. Facebook| Google My Business |