the better the price you will get in this market.
You can always ask for an offer then with no Property Inspection contingency
provided the inspection is done by a reputable company and shows no issues.
It is a sellers market right now.
Hence, one can expect a Short to No property inspection contingency if you were a seller
and a high price with multiple offerss, and an Attractive Loan contingency period from the
You might be right, your home may not have any issues (although 15 years is a long time and even brand new houses have issues) but wouldn't it be great to be able to show your buyers that up front so they know that this is a house worth fighting for? Especially right now with the multiple offers we're experiencing in this area.
A small price to pay for a successful transaction in my experience.
Best of luck!
All the best,
April Tavares, GRI
DRE License #01742179
Santa Clara County Market Reports: http://april.rereport.com
Feel free to contact me with any questions.
At your service,
Certified Distressed Property Expert
You have received some very good advice here from all of the Agents and your next step when you are ready is to choose a good Realtor to assist you with your sale.
Realty World/Blue Property Group
Intero Real Estate Services
DRE # 01125380 since 1991
the primary reson for seller inspections inmy opinion is to document the current condition of the home and make any necessary repairs before putting your home on the market.
Buyers tend to anticipate the worst and often overestimate the amount of repairs required and overestimate the cost of repairs and reduce their offers accordingly.
Also the segemnt of the market that will pay you the most money, wants a home that does not need repairs, and that they can just move in without worrying about repairs.
When you as the seller get your own inspection reports and make any necessary repairs beforehand you will get a much better response from potential buyers and you will get more and better offers.
Charles Butterfield MBA
Real Estate Broker/REALTOR
Cell Phone: (408)509-6218
Email Address: firstname.lastname@example.org
The reason why sellers do inspections is to eliminate the unknown factor. Unknown surprises can be deadly in real estate transactions. It is always better as a seller to know all of the facts and leave nothing to surprises.
Read the post below about why doing inspections is so important.
Best of luck and let me know if you have further questions.
Steve Mun Group
If you elect to make repairs, make sure they are done professionally or the value of eh repair will be negligible. You don's want the repairs to be "mickey mouse" type repairs in the eyes of the buyer. That would tend to create a situation of mis-trust in the buyer's eyes.
I had a seller with a two year old home. They didn't want to do an inspection so the buyer did. It turned out that the Builder did not have enough gas line on the attic furnace and this was a $900 fix. Had the seller known that before they could have had it fixed for less, contacted the builder to see if they would correct it (but it was now out of one year warranty) or have the buyer accept this condition during the contract negotiation.
In 15 years you could have leaks, termites or other conditions which you don't know of because most people don't go crawling around under their own home or in the attic. The inspection also further's your required disclosures to the buyer.
I believe it is worth it's cost.
Have an amazing day!
As Lance noted below, yes, it is likely that the buyer might also want to pay for a termite report and home inspection prior to purchasing the home, and, then again, maybe not. These days, lenders are asking buyers for copies of the home inspection and termite reports that they purchase and are requiring that repairs be made before the loan can fund. As a result, I'm finding more and more buyers are accepting the reports that the seller provides rather than create problems with additional inspections. So this is another good reason to get those reports done prior to selling the home.
The other aspect, and one that Lance has already mentioned, is that in knowing that the home is truly "problem free" allows you to represent this to the buyer and price your home accordingly. I will have to say, however, that 15 years is a long time, and while it may seem that the home is too "new" to you to have developed problems, don't be surprised to find some issues noted on both the termite and the home inspection reports. You can either fix these yourself or allow for the repairs to be completed by the buyer and price your home to accommodate the cost of those repairs.
Good luck! And if you're looking for a Realtor to assist in the sale, give me a call!
Area Pro Realty-People's Choice
Rebates to buyers, listings for 1.5%
If you don't do it, don't worry - most sellers don't. Buyers will inevitably do their own, as you said.
Do a thorough job of cleaning and de-cluttering. Those are the two most important things you can do. Go through the house room by room and see if anything needs repair. These preventive measures should likely be good enough to start with.