Pre-Sale Inspection FAQs
What is a Pre-Sale Inspection?
A Pre-Sale Inspection documents the condition of your property and will identify problems that may need to be rectified and dealt with prior to listing your property.
Why Do I Need a Pre-Sale Inspection?
Previously, much of the critical information relating to the structural integrity of your property and most importantly, upon which your contract was conditional only came to light after your contract was signed and a Pre-purchase inspection conducted.
In the meantime, both you and your buyer were probably negotiating in the dark, wasting money and time. Any nasty surprises at this point meant renegotiation or worse still... your contract being cancelled.
Providing this information right up front, at the time of listing your property makes the whole process simpler for everyone, more efficient and transparent.
Why Should I Organise a Pre-Sale Inspection?
The truth is buyers place a high value on knowing that a professional has inspected your property. Pre-Purchase Inspections conducted after contracts have been signed often result in collapse of the sale or considerable discounting of your sale price.
Providing a Pre-Sale Inspection Report gives your buyer a greater sense of confidence and certainty. Your transparency better protects your listing price and gives you a greater chance of more reliable offers which translate to a better selling price.
And it protects you long after settlement from the buyer making any claims that you misrepresented the property to them and concealed defects.
How Long Will the Pre-Sale Inspection Take?
Time taken to conduct your inspection will depend on the size of your property. Typically it takes between one to two hours to carry out a detailed inspection with the quality of your inspection depending upon the degree of access you provide.
How Much Will a Pre-Sale Inspection Cost Me?
The price will depend on the size of your property, its number of bedrooms, whether it has a rumpus, media, or entertainment room, and whether it is high-set or low-set or multi level and has other external buildings.
When Should I Have a Pre-Sale Inspection?
If you have any reason to be uncertain about what a Pre-Purchase Inspection might reveal about the state of repair of your property because of its past history or age then you should not hesitate in commissioning a Pre-Sale Inspection prior to listing your property... better to be forewarned and forearmed.
What Happens if My Pre-Sale Inspection Finds Problems?
Well... then the decision is yours. Now that you're aware of defects that may adversely affect the true market value of your property, you can choose to undertake the necessary repairs or renovations prior to listing or you can reflect these in your price. All in all... you choose so you sell your home faster for the price you want.
What Should I Do if I Decide to Undertake Repair or Improvement Works Prior to Listing?
You should of course take professional advice from a number of experienced and fully licensed builders or architects. Ensure that your works are all properly specified with detailed written quotes by reliable professionals who come with references.