Why A Pre-Inspection Matters When Selling Older Homes

Posted by Gurpreet Ghatehora on Monday, November 27th, 2017 at 8:27am.

Selling older homes can be tricky, but not for the reason you might think. Many people think that an older home that hasn’t been updated is going to be a tough sell to buyers who want homes that have updated amenities. But there are a lot of homebuyers who don’t mind having to put a little work into a home to make it look the way they want it to look. Especially those homebuyers who are on a budget and are willing to sacrifice updated amenities for square footage.

Reduce Hesitation

Pre home inspectionsWhat makes selling an older home tricky is the worry that big things will need to be fixed or replaced in the home. Home buyers sometimes hesitate to take on an older home because they are worried about having to replace the roof, the HVAC system, the water heater, or other expensive elements of the mechanicals or structure of the home. This is why getting a pre-inspection done is necessary for sellers who are trying to sell an older home.

Reassure Home Buyers

A pre-inspection may cost a little money up front but it will reassure potential buyers that those expensive elements are all in good working order. Many homebuyers are open to considering purchasing an older home if the seller has a pre-inspection from an independent contractor showing that those elements won’t need to be replaced immediately after the buyer moves in.

Increase Potential Buyers

Not all homeowners want to go through the trouble or take on the expense of getting a pre-inspection done. But it’s worth trying to convince them to get a pre-inspection because it will dramatically increase the pool of buyers who might be interested in the home. If there are large elements that do need work and the homeowner doesn’t want to invest in getting those things fixed a pre-inspection is a handy list of what needs to be done so that potential buyers know what they’re getting into. As long as the home’s price reflects the work that needs to be done, there will still be buyers that are interested in the home.

There’s No Real Downside

There is no downside to getting a pre-inspection done on an older home. It’s well worth the time and cost for homeowners that are trying to sell an older home and want to get as many potential buyers as possible to consider buying the home. Staging the home to make it look great will help too, but not as much as a pre-inspection will. A pre-inspection allows potential buyers to feel confident that they are not buying a home that is going to immediately need huge and costly repairs. They will often be willing to look past outdated flooring or ugly wallpaper as long as they know that they won’t have to put a lot of money into the mechanical elements of the home or the structure of the home. 

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