The power of a home inspection.

The Power of Getting a Home Inspection Done WHEN You Put Your Home on the Market…

It continues to be a Buyer’s Market in and around the Almonte, Carleton Place and surrounding area.  Recent figures from the Ottawa Real Estate Board indicate that it is close to being a balanced market, but any of my Sellers with homes still on the market will agree that it feels more like a Buyer’s Market.

There is something to be said for having a pre-listing inspection done of your home, particularly if it is more than 10 years old. Every Seller believes that their home is a “castle”, and it is, it’s their castle… and as owner of your castle, it can be easy to overlook little quirks about your home that a Buyer may find objectionable.  One of my favourite home inspectors recently confessed that the hot and cold water taps were reversed in his shower at home, and after 6 years he has just never bothered to change them because they are used to it.  But would a Buyer be so willing to cope with that?

A pre-listing inspection allows you to discover problems that you aren’t even aware of with your home, and deal with them up front before they become a negotiating tool with your potential Buyer. When these deficiencies are already addressed, you have the potential to realize closer to your full asking price – because the home inspection reveals nothing wrong!

A pre-listing inspection eliminates stress during a purchase, for both the Buyer and the Seller, and takes away any surprises that may be uncovered during a home inspection. Sellers are often shocked when they learn something about their home during an inspection.  “What do you mean there is knob-and-tube wiring in the attic?  Uncle Bob didn’t find anything when he looked at that attic when we purchased!”  Stress and surprises become very emotional – with the Buyers wondering what else the Sellers are trying to hide from them, and Sellers feeling like they are being “nickel and dimed” to death when the Buyer wants to renegotiate because of these deficiencies.

Lastly, a pre-inspection can create trust. The Seller has invested $500 into exposing their home to the Buyer. They are showing they have nothing to hide, and disclosing that they have already taken care of any deficiencies (keep receipts for any of the work that you have done post inspection). The Buyer may be so impressed they may even decide there is no need for their own inspection.

This can be a great way to stand-out during the days of a Buyer’s Market…. and can help make the negotiations go more smoothly for all parties.INspection