1. The seller can choose a certified InterNACHI inspector rather than be at the mercy of the buyer's choice of inspector.
2. The report can help the seller realistically price the home if problems exist.
3. The report can help the seller substantiate a higher asking price if problems don't exist or have been corrected.
4. A seller inspection reveals problems ahead of time which:
* might make the home show better.
* gives the seller time to make repairs and shop for competitive contractors.
* permits the seller to attach repair estimates or paid invoices to the inspection report.
* removes over-inflated buyer procured estimates from the negotiation table.
5. The report might alert the seller to any immediate safety issues found, before agents and visitors tour the home.
6. The deal is less likely to fall apart the way they often do when a buyer's inspection unexpectedly reveals a problem, last minute.
Advantages to the real estate agent:
1. The reports help sellers see their homes through the eyes of a critical, third-party, thus making sellers more realistic about asking price.
2. Agents are alerted to any immediate safety issues found, before other agents and potential buyers tour the home.
3. Repairs made ahead of time might make homes show better.
4. The reports might relieve prospective buyer's unfounded suspicions, before they walk away.
5. Seller inspections eliminate buyer's remorse that sometimes occurs just after an inspection.
6. Seller inspections reduce the need for negotiations and 11th-hour renegotiations.
7. Seller inspections relieve the agent of having to hurriedly procure repair estimates or schedule repairs.
8. Reports provide full-disclosure protection from future legal claims.
Advantages to the home buyer:
1. The inspection is paid for by the seller.
2. The report provides a more accurate, third-party view of the condition of the home prior to making an offer.
3. Problems are corrected or at least acknowledged prior to making an offer on the home.
4. The report might assist in acquiring financing.
A seller's inspection report is not in lieu of one commissioned by the buyer, but it often accomplishes the goal of signaling openness and good faith while at the same time unearthing any unpleasant surprises. A pre-listing inspection that gives buyers a better idea of where they stand and what, if any, additional work is needed, can also help sellers fend off demands for unrealistic price reductions to cover repairs. With their own report, sellers can choose, for example, to spend a few hundred dollars fixing a plumbing problem that might otherwise mushroom into a claim for more than $1,000 off the price and, in the process, spark further potentially prickly negotiations.
In summary, seller inspections streamline the real estate sales process for all parties involved.