Comments on: Is It Worth Having a Home Inspection Prior to Listing? https://realtybiznews.com/is-it-worth-having-a-home-inspection-prior-to-listing/98722305/ With the latest on mortgages, refinancing, real estate & home tips Wed, 12 Feb 2014 17:48:06 +0000 hourly 1 http://wordpress.org/?v=3.8.1 By: David A. Andersen https://realtybiznews.com/is-it-worth-having-a-home-inspection-prior-to-listing/98722305/#comment-256610 Fri, 27 Sep 2013 15:18:32 +0000 https://realtybiznews.com/?p=22305#comment-256610 A pre-listing home inspection and a buyers pre-purchase home inspection are not the same thing. Conducting an inspection for a home owner who already knows the property can reduce the inspection process and subsequently the cost. The seller only needs to know what’s broken, but the buyer expects much more from the inspection. The inspector is only concerned about the present condition of the property, not the buyers expectations of the property.

Contingencies on real estate contracts are generally 10 days.
Most contracts require the property to be “in working order”. If something is broken or does not operate as intended, it requires repair.
Finding problems during a buyers pre-purchase inspection slams on the emergency brake to the escrow process. If the issues cannot be resolved in the contingency period, the deal is likely to go south. These deficiencies also result in a significant reduction in the contract price (even if the repairs are made).

It is important to get a good pre-listing inspection home inspector that understands the real estate process and that they’re not required to concern themselves with blemishes and issues that may occur in the future that is not a concern of the seller.

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