Home Inspections: Before or after you get it on the market?

Posted by Matthew Lindsay on Wednesday, November 7th, 2018 at 11:30am.

 Home Inspections: Before or after you get it on the market?

When working with sellers, one of the things we advise is to get a home inspection done before getting the home on the market. Now, typically this is a cost that a buyer would incur during a home sale transaction, but there are several reasons why a seller would want to do this.

During a home inspection a licensed home inspector will meticulously check out the entire home from foundation to roof. They provide a report, typically next day, with complete recommended repair items with thorough pictures and descriptions. These reports are usually broken into three categories: health and life safety, significant repairs, and recommended repairs. By getting the home inspection before you get it on the market it allows home buyers to be at ease, knowing that they are getting a well maintained property, and that the seller is going above and beyond to disclose everything about the house. I've had buyers select a home because of the inspection and it even made for a faster closing. Below are the reasons why having a home inspection performed before you get it on the market is a great idea.

 

Reason #1- Puts the buyers at ease.

Having a complete home inspection to provide prospective buyers puts them at ease, especially if you are able to do some of the recommended repairs. It lets the buyers know that you are disclosing everything possible and sometimes it even makes for a quicker closing. Buyers appreciate a direct and honest seller and when it comes to a person's home they want to make sure they are getting quality and that it is well maintained.

Reason #2 - Gives sellers advance notice of needed repairs

At times, home purchases have fallen apart over details that were found during the inspection of the home. Sometimes those repairs end up extending closing by several weeks or even months depending on the severity of the mends. These things could be from foundation, plumbing, roof, and various other issues. Most of the time the homeowner isn't even aware of these issues, so by having the home inspected before it hits the market allows the owner to mitigate the problem early.

Reason #3 - Pricing

The pricing of a home is based on recent comparable homes sales in close proximity to the subject property. Things like updates and upgrades can help bring more value to the home, especially if the recent comparable home sales didn't have those. However, maintenance items don't typically bring added value to the home, they are expected, but can bring less value if not done. You can't sell a car for more because you performed regular oil changes, but you can get less if you didn't.

 

If the inspection points out several missed maintenance items that may be larger issues in the future you may want to consider those in the pricing of the home, especially if the homeowners can't afford to fix the issues themselves.

All said and done, home inspections can be a great tool for the seller to market their home, put buyers at ease and confidently sell their home. Here in Anchorage, Alaska, home inspections average about $400 - $500 for a quality single family home inspection and is a small price for the amount of value it can provide to both the seller and the buyer.

If you have any questions about this article or any other real estate subjects, reach out to me at matthew@precisionhomegroup.com

 

Residential, Condominium, Multi-Family in Anchorage under $600,000

663 Properties Found. Page 1 of 45.
Photo of Listing #20-3185

2702 Mcrae Road, Anchorage

$600,000

MLS® # 20-3185

Listing Office: Real Estate Brokers of AlaskaAlaska Multiple Listing Service Inc Logo
Photo of Listing #19-19197

11421 Bearpaw Street, Anchorage

$600,000 - 3 Beds, 3 Baths, 2,241 Sf

MLS® # 19-19197

Listing Office: RE/MAX Dynamic PropertiesAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-3082

1008 E 9th Avenue, Anchorage

$599,900 - 12 Beds, 6 Baths, 6,468 Sf

MLS® # 20-3082

Listing Office: Keller Williams Realty Alaska GroupAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-2811

4000 Harrison Street, Anchorage

$599,900 - 9 Beds, 7 Baths, 4,512 Sf

MLS® # 20-2811

Listing Office: Keller Williams Realty Alaska GroupAlaska Multiple Listing Service Inc Logo
Photo of Listing #19-5317

2825 Lily Street, Anchorage

$599,900 - 6 Beds, 5 Baths, 3,674 Sf

MLS® # 19-5317

Listing Office: RE/MAX Dynamic PropertiesAlaska Multiple Listing Service Inc Logo
Photo of Listing #19-5315

2824 Rose Street, Anchorage

$599,900 - 6 Beds, 5 Baths, 3,674 Sf

MLS® # 19-5315

Listing Office: RE/MAX Dynamic PropertiesAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-4032

6032 Heather Wood Circle, Anchorage

$599,000 - 5 Beds, 3 Baths, 2,686 Sf

MLS® # 20-4032

Listing Office: Dwell RealtyAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-2186

2780 W 80th Avenue, Anchorage

$599,000 - 5 Beds, 4 Baths, 4,728 Sf

MLS® # 20-2186

Listing Office: RE/MAX Dynamic PropertiesAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-806

Unit #c - 617 N Street, Anchorage

$599,000 - 3 Beds, 2 Baths, 1,890 Sf

MLS® # 20-806

Listing Office: Keller Williams Realty Alaska GroupAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-387

Unit #2 - 727 O Street, Anchorage

$599,000 - 2 Beds, 3 Baths, 1,748 Sf

MLS® # 20-387

Listing Office: Firebird Realty, LLCAlaska Multiple Listing Service Inc Logo
Photo of Listing #19-15992

L33 B4 D Ava Circle, Anchorage

$599,000 - 4 Beds, 3 Baths, 2,481 Sf

MLS® # 19-15992

Listing Office: Keller Williams Realty Alaska GroupAlaska Multiple Listing Service Inc Logo
Photo of Listing #19-11782

4909 E 24th Avenue, Anchorage

$599,000 - 3 Beds, 1 Baths, 2,468 Sf

MLS® # 19-11782

Listing Office: Keller Williams Realty Alaska Group of Eagle RiverAlaska Multiple Listing Service Inc Logo
Photo of Listing #19-17622

3207 Morgan Loop, Anchorage

$595,000 - 5 Beds, 3 Baths, 2,728 Sf

MLS® # 19-17622

Listing Office: Keller Williams Realty Alaska Group of Eagle RiverAlaska Multiple Listing Service Inc Logo
Photo of Listing #19-16483

1927 Spenard Road, Anchorage

$589,000 - 3 Beds, 3 Baths, 2,600 Sf

MLS® # 19-16483

Listing Office: Herrington and Company, LLCAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-3933
New Listing

15610 Noble Point Drive, Anchorage

$585,000 - 4 Beds, 5 Baths, 3,726 Sf

MLS® # 20-3933

Listing Office: Coldwell Banker Best PropertiesAlaska Multiple Listing Service Inc Logo

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Listing information last updated on March 30th, 2020 at 1:34pm AKDT.