Advantages of a Pre-listing Inspection

A home will sell faster when defects, repairs, renovations, and applicable permits are fully and accurately disclosed before listing it for sale. A pre-listing inspection assures agents, buyers and sellers that the sale was conducted in an above board and honest manner.

Many agents are even asking sellers to sign a waiver of an agent's offer to have a Pre-listing.

In some states a home seller is responsible for certain types of repairs. For example, the Florida Association of Realtors and the Florida Bar Association require that sellers promise that there is no structural damage, water damage, leaks, and that mechanical systems and appliances are in good working condition. Moreover, sellers should disclose material defects that could affect property value or resident safety.

Benefits of this outwardly unconventional practice are many, for example:

· Avoid unpleasant surprises that might create buyer doubt or affect a real estate agent’s credibility.

· Buyers will likely accept a defect that has been disclosed up front, and appreciate sellers and agents for revealing these concerns.

· A Pre-listing report is an innovative marketing tool for attracting offers.

· If a seller decides against making repairs, a seller and listing agent can establish a price reflective of condition.

· Distinguish a serious seller from one who is kicking tires.

· Realtors can discover a lot about a prospective buyer by observing their reaction to a Pre-listing.

· Pre-listings can uncover a defect or safety issue that immediately benefits sellers.

· Sellers are grateful for learning about a situation before it becomes potentially hazardous or very expensive to rectify.

· A Pre-listing report can effectively reduce sellers’ and listing agents’ exposure to liability.

When deciding whether or not to have a Pre-listing remember three words: credibility, liability, and marketing.