Happy Thursday and welcome back to our weekly blog….360° Minute. I hope everyone had a wonderful holiday and new year.
Did you know mortgage rates have fallen to around their lowest levels in 8 months? The average rate for a 30-year fixed mortgage fell to 4.51%, matching the lowest level since last spring, according to Freddie Mac. That rate is still higher than its level of 3.95% from a year ago but has fallen from a more-than-7-year high of nearly 5% in October. This is great news for both home sellers and home buyers!! Which brings me to the topic of our blog today….The Pre-Listing Home Inspection.
Listing agents, have you mentioned to your clients about considering having a pre-listing home inspections and the benefits it yields? If not, here are some pros to help you start that essential, proactive conversation. Because we all know, that a buyers home inspection could cost you the sale.
Pros of having a Pre-Listing Home Inspection
- You find out what condition your home is in. By having a home inspection before hitting the market, you’ll find out the exact condition of your home. At Berenz Home Inspections 360°, we are exceptionally thorough as there is no point in having your home inspected if the home inspector only catches a fraction of the issues.
- Homes that are priced right sell quickly! Having an inspection before your house goes on the market ensures that you have all the facts, which makes setting a price much easier and as a result, selling your home much faster.
- You have time to make repairs at your own pace. With a pre-listing inspection, you prioritize and set your own schedule for repairs. There is no rush to list the property until you have made sure the home is in good shape. You’ll be putting your home on the market with confidence you’ve corrected any large problems.
- Less likelihood of negotiations. Quite often buyers will use the home inspection as a point of asking for additional concessions. A pre-listing inspection helps you avoid the typical interactions that follow the buyer’s inspection. You are unlikely to learn anything new about your home from the inspection, and neither is the buyer because you have already had an inspection done. Both you and the buyer have been aware of any issues and all repairs from the beginning of your interaction. Negotiations still may occur, but they will probably be minimal.
You can trust that I will provide a thorough and comprehensive pre-listing home inspection. I started this business with the promise to inspect each and every home as if my own family was moving in. As always, I appreciate your support and time in reading my blog. I look forward to working with you soon.