Benefits to the Seller:
- Satisfies and enhances the disclosure process.
- Help to prevent future lawsuits.
- Makes the house more attractive and marketable to buyers. It clearly demonstrates to the buyer and Realtors® that the seller is motivated and committed to selling.
- Addresses the property’s condition in a proactive manner. This allows the seller to replace or repair defective items in a more controlled, relaxed manner and not under the pressure of appending sale.
- Listing inspections keep defects in perspective. The seller can repair a couple of missing outlet covers or a reverse polarity plug for under $20 before the home is put on the market. A buyer who sees this on their home inspection starts thinking in terms of $250 credits.
- Decreases the likelihood of a sale falling through because potential contingencies are known and dealt with up front.
- Gives the seller and their Realtor® more control over the selling process.
- Removes one area of negotiation from the sale – unknown property conditions.
Benefits to the Buyer:
- Provides peace of mind that they are working with a committed seller and Realtor®.
- Eliminates property condition surprises.
- Reduces the need for lengthy negotiations.
- Helps assure fair market value and price
- Eliminates cost of having to obtain an inspection.