Please wait as we prepare your PDF file ....

Mission Chronicle Blog

Search Blog

our goal is to help you stay informed by providing timely and interesting articles.

Why you should recommend pre-listing home inspections

05/19/2017

Download PDF

Reposted with permission from Matt Bonelli.

Most real estate agents do not encourage sellers to conduct a pre-listing home inspection even though they probably agree it’s a good idea.

Why is this?

This has nothing to do with money and everything to do with fear — fear that problems uncovered during inspection will need to be disclosed.

Well, guess what — there is a 99.99 percent chance that a buyer will conduct a home inspection and find these problems anyway! Encourage your seller to discover and correct these issues in order to avoid unpleasant surprises for the buyer. It’ll be a good thing.

Things to keep in mind:

A pre-listing home inspection means a little bit more money and work for the seller up front. Any material defects in the home will need to be disclosed, even if they’ve been repaired. A pre-listing home inspection can potentially save a seller money in the long run. A pre-listing home inspection can even save an entire deal.

All of you real estate agents reading this right now know that most deals fall apart due to home inspection issues.

One of two things usually happens: Either the buyer gets hit with a ton of unexpected problems, gets scared and walks away, or the buyer asks the seller for a huge sum of money for repairs or credits. The seller usually says no to this.

Ask yourself if your sellers would appreciate any or all of the following:

More money in their pocket at closing A fully informed buyer who knows exactly what he or she is buying when the contract is written A more appealing product to put on the market A transparent negotiation process A smooth transaction that gets them where they want to go in a timely manner

It’s time to educate sellers on the value of having their home inspected before they go to market.

Don’t skip out on preliminary work.

It will save you time and money down the road, and it will reduce stress for all parties.

Put some power into your pre-listing process, and talk to your sellers about having their home inspected before they list it.

Matt Bonelli is a manager and broker associate for Turpin Realtors’ Chatham office in Chatham, New Jersey. You can follow him on Twitter or learn more about him on LinkedIn.

Source: click here

Read More

INSPIRED, INTELLIGENT, INSIGHTFULL

STAY INFORMED WITH TIMELY AND INTERESTING ARTICLES FROM OUR BLOG, MISSION CHRONICLE. OUR ASPIRATION IS TO PROVIDE REALTORS AND OTHER REAL ESTATE INDUSTRY PROFESSIONALS WITH EXCEPTIONAL RESOURCES AND SHARE OUR KNOWLEDGE TO PROPEL YOU TO YOUR GOALS.

  • ProperSign is another step toward fully digital transactions

    Have suggestions for products that you’d like to see reviewed by our real estate technology ex...

  • The 8 mistakes to avoid when designing a virtual home tour

    Now more than ever, virtual home tours are an invaluable asset for agents looking to educate and ins...

  • Real Grader helps keep agents’ online reputation on track

    Have suggestions for products that you’d like to see reviewed by our real estate technology ex...

  • ClosingLock aims to lock down wire fraud

    Have suggestions for products that you’d like to see reviewed by our real estate technology ex...

  • The top 3 priorities buyers place alongside location

    The past year has brought unparalleled attention to luxury properties in suburban and vacation marke...

  • CoreLogic launches consumer search with OneHome

    Have suggestions for products that you’d like to see reviewed by our real estate technology ex...

  • What you need to know about 2020’s accelerated luxury market

    It’s safe to say that this year has not been the one we expected. In March, it was anybody’s gue...

  • Up your social media look with Feed Appeal

    Have suggestions for products that you’d like to see reviewed by our real estate technology ex...

  • From video to VR: why VR home tours are a must-have

    This has been a year of challenges and transformation for all industries, and the luxury real estate...

  • ReferMe IQ uses old business to earn you new business

    Have suggestions for products that you’d like to see reviewed by our real estate technology ex...

December 2020
Mon Tue Wed Thu Fri Sat Sun
 123456
78910111213
14151617181920
21222324252627
28293031  

  • Polls

    What information you are looking for?

    View Results

    Loading ... Loading ...
  • Last month Results

    How Is My Site?

    • Good (100%, 3 Votes)
    • Excellent (0%, 0 Votes)
    • Bad (0%, 0 Votes)
    • Can Be Improved (0%, 0 Votes)
    • No Comments (0%, 0 Votes)

    Total Voters: 3

    Vote

    Loading ... Loading ...