How vendors can benefit from a pre-sale building inspection

When making an offer on a property, more often than not a homebuyer will make that offer subject to a successful or satisfactory building inspection. A new home is a significant investment and homebuyers wish to ensure that the property they are purchasing is up to standard and worth the price the vendor is asking. This can be a stressful period for the vendor, if a defect is found the homebuyer may demand additional assessments or even back out of the offer entirely. 

It is prudent for a vendor to anticipate that there will be some issues found during a homebuyers building inspection. These issues can be leveraged by some buyers to negotiate a lower sale price or request that repair work be completed which can slow the sale process of or even cause the deal to fall through.  A pre-sale inspection will provide the seller with a list of key features that are likely to be uncovered during the homebuyers building inspection. This can be a helpful glimpse of the future and can give the seller time to remedy any issues found, or at the least be prepared for the concerns of the buyer.

Another benefit of having a pre-sale inspection is that the vendor will be made aware of a range of maintenance issues that can often be easily rectified and will improve a properties appearance and thus it's marketability. Such maintenance issues can include cleaning and removing leaves from gutters, ensuring proper drainage, replacing grouting in bathrooms, trimming trees and bushes which are touching or overhanging the house and many more.

Resolving simple maintenance issues and improving minor items such as loose doorknobs and damaged flyscreens can significantly affect the buyers first impression of a property and can go a long way toward increasing the potential sale price of a property. These issues and more will be identified by a qualified building inspector performing a standard pre-sale inspection.

A pre-sale inspection will give the vendor a picture of the true condition of the property they are selling and will give a solid foundation on which to set a justified and reasonable asking price. The report will also leave little room for surprises and re-negotiation later on when the buyer receives their own building inspection report.