Buying a home is the only "process' where you are buying a major asset without knowing what you bought before you agree to a price. On the other hand, it is the only major asset that someone sells without knowing exactly what they are selling (condition) and what the costs of that sale may be.
Home sellers should enlist the aid of their real estate agent to do all of the necessary inspections needed to sell a home prior to putting it on the market. Those "inspections" include a home inspection, termite inspection, any special area conditions, and a preliminary title report. It would also be good to have a certified appraisal done on the house to go with your agents market analysis. Of course this may incur additional costs up front for the home seller, however the information gathered may save the seller money as they have a better idea of what it will take to sell the property.
Scott, this is great advice for home sellers! With so much competition and inventory on the market, a pre-sale inspection can really take any questions out of the buyer's mind and can be a deciding factor in a buyer choosing one home over another.
Posted by: Annie Pinsker-Brown | March 18, 2009 at 11:45 AM