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I like to tell my sellers that I will need to sell their house several times during the Home Selling process. The reason I say this is because we market your property to thousands of buyers, and once a buyer or buyers fall in love with your property, they submit an offer. That offer comes with several contingencies regarding your home's condition. One very important contingency is the buyer's home inspection. The buyer, the buyer's lender, as well as the government agency backing the loan in FHA and VA Loans want to make sure your house is in sound condition.
Let's say the Buyer hired a professional home inspector and their inspection reveals major defects and the buyer is threatening to walk away from the contract if they don't receive a large credit for the repairs.
One way to avoid this situation is to consider a pre-inspection of your home. A pre-inspection simply means you hire a reputable Colorado Springs Home Inspector to inspect your property as if you were buying your own property. The inspector will point out all the items that would more likely come up during the actual buyer's home inspection. Knowing this information will allow you to address these concerns before your buyer does. There are several advantages of doing a pre-inspection some of which are: 1) You can make all the repairs in advance and price your home accordingly, 2) Avoid a potential second round of frustrating negotiations for costly defects found in the buyers' inspection, 3) A pre-inspected home is great marketing material for the seller, and 4) Avoid Seller Disclosure Issues.
Many buyers will submit an offer knowing they will more likely find some defects in your property. They will ask you to either fix these items at your expense or provide seller concessions for the repair. These concessions are usually more costly during a "Buyers' Market" than the cost of the actual repair because the buyer wants to be "compensated" for their "compromise" with these concessions. That leads to the frustrating round of second negotiations. If the seller addresses the items in the pre-sale inspection, then the Home Inspection can be a fantastic source of marketing material to display at the property and provide any potential buyer viewing the property a sense of security. Colorado Law states that sellers must disclose any and all material defects in a property. Providing the Pre-Home Inspection will allow the seller to address these concerns and disclose true and accurate information in the Colorado State's Sellers Property Disclosure Form.