Charleston, SC Posts

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It's needed for houses young and old...

It's time to add yet another strong recommendation to new listings, for houses young and old alike.  Pre listing inspections.  I do a pre-CL100 (or termite report) for older homes where the likelihood of termite issues increase when a termite bond is not present. I also suggest a pre listing inspection for older homes too.  I have a vendor that does pre listing termite reports for FREE as it's a great way for him to earn business when termites are present. A pre listing inspection lets a seller know what might become an issue when the real deal happens and if a seller can afford to fix the items, it helps them know in advance where they need to be in the negotiations.

I recently closed a listing where the seller insisted the home had NOTHING wrong with it. The roof, water heater, HVAC, were all new and he was quite handy and felt confident the inspection would reveal only minor items if any.  He owned a vinyl home on a slab so I have to agree there was no reason to expect otherwise given the replacements of the big ticket items. Well, lo and behold, we get a ratified contract.  The home inspection revealed roof, water heater, plumbing and electrical issues.  That's not the worst though.  The house has termites in the garage!  Seller didn't have a termite bond.  So in order to get to the table, the seller bought a termite bond for $1050 and paid about $2000 in repairs to get the deal done.  Had the seller invested $350 in advance for both the inspection and CL100, could we have remedied the problems and known where his bottom line would be with the cost of repairs in mind? Would have been nice to know!

The idea of a Pre-home Inspection is to allow a seller to remedy any problems or defects and to relieve potential buyers about any house repair issues that might otherwise turn a buyer away.  A termite report is a good idea too as it can prevent a contract from falling through.  Luckily for my seller, the termites didn't scare the buyers away.  A pre-listing inspection left out for a buyer during showings should not deter the buyer from getting their own inspection, but as a seller, it could be a well invested $350. 

 

 

Michele Reneau, ABR, GRI, CRS

www.CharlestonRelocationExperts.com

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Comment balloon 2 commentsMichele Reneau • July 01 2008 06:42PM

Comments

Wow! What a great idea. It's scary not to know what issues might arise. I'm not ready to sell my house, but I definitely think this is something I would do as preparation.
Posted by Tim Tripe over 10 years ago

Tim-It's a great idea and it can save you money in the long run by addressing any issues that come up in advance. Thanks for stopping by!

Posted by Michele Reneau, Realtor, GRI ~ Charleston, SC Relocation Experts Team (Certified Staging Professional (CSP) Elite Instructor) over 10 years ago

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