When purchasing a Silicon Valley home, smart buyers obtain a home inspection before signing on the dotted line. A professional inspector may be able to uncover problems that aren't readily seen during your first walkthrough. But did you know that inspections aren't only meant as a tool for buyers? They can be helpful for sellers, too. So, why should Silicon Valley home sellers get a home inspection before they list?
How Silicon Valley Home Sellers Benefit from a Pre-Listing Home Inspection
Reveals Potential Issues
First, Silicon Valley home sellers benefit from a pre-listing home inspection for the exact reason a buyer does. It shows potential problems. Having a property inspection in hand allows you a chance to fix issues before your home hits the market. If you deem the cost of the problem to be fixed is too much for you to take care of, may I suggest you obtain three estimates on the price to repair from reputable Silicon Valley companies? Then, you can present the estimates to a buyer at a later time. Studies show that buyers overestimate the cost of repairs by as much as 200%. In turn, buyers often ask for a significant discount on the list price to offset the costs of these repairs (another reason doing repairs before listing benefits the seller).
Gives You Time, Saves You Money
Next, once problems are identified, they can be addressed. When you take care of issues before you list, you have time to shop around for the best deals. If you're not in a rush, you can negotiate with repair companies for their services.
Buyers Like Transparency
One common mistake that Silicon Valley sellers make is not letting buyers know about past problems with a property. While you may worry that revealing this information might scare buyers away, it's just the opposite, buyers like transparency. And, if you've already addressed the problem and can show them it has been repaired or fully disclosed, they'll appreciate your honesty even more.
Whether you're selling your home in San Jose or Los Altos, Mountain View or Sunnyvale, it would be wise to have a professional home inspection performed before you list. Even in a highly sought-after market like ours, Silicon Valley home sellers want to get the best price they can for their homes. Taking care of problems before they list is an excellent step in accomplishing that goal. Contact me when you're ready to put your property on the market.