Absolutely, Yes! The Property Inspection is a key element of my pre-listing strategy with my Palos Verdes home sellers. It allows the seller to determine the condition of their own property and make a decision to have items repaired or price their property accordingly. It allows the buyer to learn about the property before they make an offer to purchase. It is a win-win situation for both parties. Click here to read my prior article detailing the benefits of this system and specifics of the Property Disclosure Book above.
Recently, Fox Business featured an article on this same topic. They came to a similar conclusion and added “Leslie Piper, consumer housing specialist for realtor.com, suggests sellers consider a pest and roof inspection before listing.” My sellers get a pest inspection and roof inspection if warranted by the property inspection. We also order a Preliminary Title Report to make sure there are no surprises there. As a matter of fact, my sellers also do their disclosures upfront and we give the entire packet to interested buyers before they make an offer.
I hope this concept catches on as it would be helpful to my own buyers to be able to view this information before making an offer to purchase as it minimizes surprises later in the transaction.