Selling your home? Presale inspection a good strategy

In this buyers market, it is a good idea to get your home in as good shape as possible before you start marketing it. With a significant inventory to choose from, buyers are very selective about their choices, and they will either opt for a home in top condition, or will expect a sizable price discount for a home which isn’t. Even if you are not in a position to make repairs ahead of time, having a realistic picture of your home’s condition can be a strong asset in your sale strategy. 

As Dian Hymer poins out at Inman News,

Even if repairs aren’t made before marketing, presale inspection reports can help you by making any bad news about the property known to a prospective buyer before he makes an offer. You can lose precious marketing time if you take your home off the market for a buyer who then backs out after he sees a home inspection report.

In addition, it is a good idea to obtain repairs cost estimates ahead of time. Estimates may vary widely from contractor to contractor. Being able to provide the buyer with a reasonable cost estimate will help alleviate his/her concerns.

Finding a contractor who will give you a realistic opinion of the condition of your property can be an issue. Many contractors would rather replace than repair. You want contractors who will do the job correctly for a reasonable price. Ask your real estate agent and acquaintances who recently had a good experience with a contractor for recommendations.

Link [Via Inman Real Estate News]