So, You Are Selling Your Home, And You Would Prefer The Buyer NOT Inspect Your Home?
Scott P. Rogers
You have finally made it to the finish line -- wait, no -- the starting line. You are ready to get your house on the market for sale.
Indeed, it can sometimes take a while to get your house prepared to go on the market. You might have spent so much time, energy -- and perhaps money -- preparing your house for sale that you decide you prefer that a buyer for your home NOT inspect your house as a part of the home purchase process. After all, you've heard that plenty of homes are purchased these days without a home inspection.
In assisting you to market and sell your home, I too will be delighted if the buyer does not choose to conduct a home inspection, but that decision buy a buyer -- to not conduct a home inspection -- largely depends on three factors...
1. Your Preparation
If your home is very well prepared for the market a buyer may assume you have taken excellent care of your home over time and will be more comfortable considering an offer without an inspection contingency.
If your home is not as well prepared and plenty of deferred maintenance items are obvious when walking through and around your home, a buyer is likely to be more interested in including an inspection contingency.
2. Your Pricing
Will you price your home very reasonably, overly optimistically or somewhere in between?
If a buyer thinks they are paying a very reasonable price for your home, that might cause them to be comfortable purchasing without a home inspection.
If a buyer thinks they are paying too much for your house, they are much more likely to want a home inspection, to make sure the house does not have any major issues.
3. Other Buyers
This factor is not within your control, other than based on how you prepare your home, how you price your home and how you market it.
If you have one buyer making an offer on your home, they are relatively likely to want to conduct a home inspection.
If you have multiple buyers making competing offers on your home, there is a better chance that at least one buyer will be comfortable buying without a home inspection. In fact, as the number of offers increases, so does the likelihood that you will have an offer without a home inspection.
Game Plan
So... if you prefer that a buyer not do a home inspection as a part of the purchase process...
1. Prepare your home well so that buyers won't have unfounded concerns.
2. Price your home reasonably based on recent sold similar properties.
3. I will market your home thoroughly, professionally and rapidly to increase the likelihood that we have multiple offers to increase the possibility that at least one buyer will be comfortable without a home inspection.
