Rising home prices and economic swings are making NW Wisconsin home buyers more cautious these days. Fortunately, there is a way for home sellers to put buyers at ease and attract good offers!
Home inspections are usually a buyer’s contingency, but home sellers should consider getting one for their own benefit. A pre-listing home inspection works just like a buyer’s inspection. It’s a visual review of the home condition and main components, including the roof, foundation, plumbing, electrical, HVAC, etc.
For Northwestern WI home sellers, a pre-listing inspection offers several benefits. First, it provides the opportunity for sellers to discover, and repair, any issues that could affect the sales price and competitive position of the home. This helps you set a list price that is in line with your home’s condition and market comparisons.
By fixing issues before placing your home on the market, you will reduce the chance of surprise from a buyer’s home inspection. In turn, this helps you avoid the risk of a canceled purchase. It also helps you avoid demands for repair credits or price adjustments, along with potential closing delays.
Obtaining a pre-listing home inspection does not obligate you to make repairs. However, if the inspection brings a material issue to your attention, you are required to disclose it in the Real Estate Condition Report. This must be provided to the buyers within 10 days of the accepted offer.
A pre-listing inspection is valuable whether you make repairs or not. If you are selling your home “as-is,” buyers will appreciate knowing the facts about your home, warts and all. If you do make repairs, buyers will appreciate the time, money and hassle you have saved them! (Be sure to keep proof of the completed repairs.) These good-faith efforts can ease buyer anxiety and result in strong offers.
We can refer you to local home inspectors, contractors and more! Start with our free Home Valuation and pre-sale consultation. It’s free, with no strings attached!
Six Lakes Realty is a locally owned family business with over 45 years of experience. Contact us today for friendly, hometown service!
John Flor
Managing Broker
Six Lakes Realty
Office: (715) 924-4806
Email: john@sixlakesrealty.com