Thursday, November 17, 2011

It Pays to Pre-Inspect Your Brantford Home!

Did you know that more than 85% of homebuyers who apply for a mortgage also request a home inspection? This can hardly be considered a surprise, as inspections can reveal pricey flaws and much-needed improvements that need to be made on the home. As a seller who plans on putting your home up for sale on the Brantford real estate market, this should make one part of your selling strategy very clear: get your home inspected BEFORE putting your home on the market.

Most sellers wait for the buyer to request a home inspection before having one. Given that a home inspection can make or break your Brantford real estate transaction, a smart strategy would be to pre-inspect your home, so that the homebuyer’s mind is at ease and you can be up-front about any and all issues with the home. As a Brantford real estate agent, part of my job is preparing home sellers for listing their home and helping them to come up with the best selling strategy. One recommendation I always make is to get your home pre-inspected. Here are a few reasons why this approach might pay off:

It reassures prospective homebuyers.
When an interested buyer does the initial walkthroughs in your Brantford home, the only flaws that stand out will be the obvious ones. A home inspection helps homebuyers see the issues that they may have initially overlooked during their first few viewings of the home. Getting your home pre-inspected shows that you took the initiative to find out what was wrong with the house and that you are being honest and up-front with interested buyers. This will put the buyer’s mind at ease and make them feel more comfortable about working with you. It will also avoid the frustration that occurs when various deals fall through due to home inspection.

You can use the outcome of the inspection to buy more time or save money.
If you know about your home’s red flags and areas of improvement ahead of time, then you can choose to renovate the issue immediately or adjust the sales price to reflect the outcome of your inspection. It gives you a few days to find a solution that will satisfy both your needs and those of Brantford, ON home buyers. If you choose to make repairs ahead of time, you will also have some time to shop around for the best deal from various contractors. In other words, you won’t be pressured to fix issues on your home quickly. This can save you both money and additional anxiety.

You can set your asking price based on the outcome of the inspection.
There’s nothing more frustrating than finding a Brantford homebuyer who is willing to pay your asking price, only to have the final figure drop due to the results of your home inspection. Getting pre-inspected will allow you to set a fair and realistic asking price and know where you stand in the market.

Avoid repeat repairs.
Getting a home pre-inspected will help you find out the source of all of the issues of your home, so that you won’t waste money on fixing seemingly obvious problems only to find that the cause was something entirely different during the inspection. In other words, getting pre-inspected will allow you to use a professional to pinpoint the problem and get the right repair, instead of doing initial improvements before listing your home and finding out post-inspection that it wasn’t the source of the problem.

Getting pre-inspected may sound like a hassle, but in the long run, it will save you both time and money during your Brantford real estate transaction. As the area’s real estate and community expert, I consider it a large part of my responsibility to help Brantford home sellers come up with the best marketing strategy for their home. Something that I highly recommend is to get your home pre-inspected. As always, if you have any questions about the Brantford real estate market, or if you want to know more about the area, don’t hesitate to contact me. I am always happy to help in any way I can. I hope to hear from you soon!

Wally Dufrat
RE/MAX Twin City Realty, Inc. Brokerage
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