When selling your home, you must present the most saleable property possible to set it apart in today’s competitive market. One way to do this is to ensure you get a pre-listing home inspection. A home inspection report will reveal the current condition of your house with specific evaluations of more than 400 items, and will help you enhance its value and marketability.
Most problems in a house are minor and can be rectified easily and inexpensively; chipped paint, doors or windows that stick, an air conditioner that wheezes, a filter that is dirty, etc. Such shortcomings are overlooked by sellers who have lived with them for years, but they are focused on by buyers and buyers’ home inspectors. If the perceived problems do not derail the sale, they nevertheless provide grounds for price negotiation if they don’t derail the sale altogether.
Not only does the pre-listing home inspection enable you to attend to problems before the house is put on the market, it also removes any questions, for you and home buyers, about the condition of your home. Buyers are positively influenced by a professionally produced home inspection report, which improves the speed, price, and likelihood of a sale.
Some home sellers elect not to correct every defect reflected in the inspection report. Instead, they acknowledge the defects to buyers and explain that the asking price has been adjusted to reflect the estimated cost of repairs. Such candor tends to shorten negotiation time because buyers have fewer objections that could thwart a sale. By focusing on the condition of your property, you are less likely to overlook a defect or material fact for which you later could be held liable.
Despite the value of a home inspection, and a pre-listing home inspection in particular, there are certain things that a home inspector is not able to determine.
- If the roof is snow-covered, wet, too high or too steep to mount, a proper assessment will not be possible
- In some cases, the foundation cannot be inspected from the interior or exterior because of finished conditions, vegetation or deck construction
- In nearly all cases, air conditioners cannot be tested in winter conditions since the condenser can be damaged
- In rare cases, the power or natural gas may be turned off in which cases the furnace and air conditioner cannot be operated and tested
Thankfully, a new and innovative service has recently launched which addresses these limitations. FCT’s Certified Resale Home program combines a professional pre-listing home inspection with an 18-month transferable warranty that protects both the homeowner and homebuyer from specific areas of the home that either could not be inspected, or were deemed to be in serviceable condition at the time of the inspection but fail at a later date.
Certified Resale Home from FCT allows you to:
- Get detailed information on your home before it’s listed and avoid surprises that can lead to a renegotiation (or even kill your deal)
- Attract more buyers by offering more transparent information
- Utilize the warranty to keep your home saleable while it’s listed and minimize buyer anxiety by transferring the warranty to them upon closing
- Differentiate your home and make it stand out with a unique product
- Ultimately get a better offer and sell your home faster
Overall, a pre-listing home inspection will reduce stress and negotiation because it puts you in a position of strength as an informed seller.
Warranty Services by First Canadian Title Company Limited1 Like