Should you have the property pre-inspected?
Peace of mind is as important to potential buyers as location, curb appeal, and a good price. For this reason, you might consider having your home pre-inspected. Pre-inspection allows you to fix any problems and will assure buyers that there are no surprises. A pre-inspected home eliminates any last-minute price negotiations if an inspection uncovers a needed repair. Sometimes, a less-than-favourable inspection report can bring the whole purchase into question.
A guaranteed pre-inspection is a powerful selling tool because it reassures buyers that you’re offering the real McCoy. It can help build trust by reducing “buyer beware” anxiety and this can speed up negotiations. A professional pre-inspection allows you to give prospective buyers a written checklist of the home’s major systems and assets. It will outline any needed repairs or concerns and estimates the lifespan of the structural components.
A pre-inspection gives the home seller the opportunity to make updates before the first open house. The prospective buyer can see what the inspection report says and compare it to the repairs done afteward. It’s very reassuring for a buyer to know they are making an offer on a pre-inspected home because there are no unexpected surprises. Moving house is a significant and stressful event for families and a pre-inspection is very helpful to make the process smooth and worry-free.
Condo owners may wish to have available the mandatory engineering report, depreciation report, minutes for the past two years, and any other documentation necessary to supplement the inspection report.