Many would argue that building & pest inspections are the responsibility of the buyer, however, there are many benefits of taking care of these as the seller.
During these inspections, many issues from cracks, faults, asbestos and movements can be revealed.
When defects are found while a property is under contract, buyers may negotiate a discount on the agreed sales price. In worst-case scenarios, the contract could collapse altogether.
Taking care of these issues or disclosing any potential risks to the buyer during the marketing campaign, can contribute and make a major difference to the success of your sale.
You don't want to be putting in all the hard work to sell your home at the best possible price and get an unwanted surprise that your home has failed the timber pest inspection. This could lead to either losing a potential buyer, or cause the buyer to renegotiate the price, while having to deal with stress and extra associated expenses.
Placing a value on property is especially calculated by its existing condition. The market value of the property goes up in price when a building & pest is done. If you know the condition of the property, this allows you time to fix any existing problems before it hits the market.
Having a pre-sale property inspection done can serve as an incentive, because potential clients will appreciate your transparency. Oftentimes, buyers are more inclined to consider, because it adds to the investment value of the property.
When a seller ensures all necessary property repairs, documents & inspections are completed, it gives the buyer a sense of ease, knowing that the property has been well sought after pre-sale. This way, you can assure no hesitations or delays when closing a deal.
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