Blog Layout

Vendor Pre-Sale Inspections

13 July 2022

Vendor Pre-Sale Inspections



When selling a dwelling it is very prudent to get a pre-sale building report before the property goes to market. Most sellers say it is up to the buyer to obtain and pay for a home inspection.

 

There are however big advantages to the seller in getting a pre-sale inspection. A pre-inspected property helps to facilitate a faster sale for more money.

 

More buyers are likely to look at a property if there is a pre-inspected builders report which provides the purchaser with an unbiased third-party opinion. A pre-sale inspection helps to eliminate agreements falling through.

 

The buyer knows what they are buying, and it gives them confidence to make an offer. A vendor having their property pre-inspected is made aware of any existing issues, given time to correct issues and attend to any 

maintenance.

 

It protects the vendor from inflated buyer estimates for any repair work needed. From a sales agents point of view, it is an advantage not to have to try to re-negotiate the selling price when a purchaser obtains a building 

inspection and wants to lower the already agreed price to compensate for the items reported as needing attention. 

 

The purchaser sees it as an advantage too as they don’t have to pay for a home inspection. A Buyer’s Choice Home Inspections Pre-Inspected report conducted for the vendor can be transferred to the buyer who will be covered by extensive professional indemnity insurance.

 

Beware many inspection companies stipulate the report is only valid and insured for the person who obtained the report - the vendor. Transferring the report to anyone else means no insurance cover.

 

A Buyer’s Choice Home Inspections reports are transferrable, and the buyer is covered by our insurance.

 

 


 

 

 


by Zoe Wyatt 16 February 2024
The Reserve Bank of New Zealand
by Zoe Wyatt 16 February 2024
Latest Real Estate Market Update
by Zoe Wyatt 21 January 2024
Selling a Home
by Zoe Wyatt 21 November 2023
Re-locatable Houses
by Zoe Wyatt 16 September 2023
How will the 2023 Election Affect House Prices?
by Zoe Wyatt 2 August 2023
How to Lower Your Water Bill
by Zoe Wyatt 18 May 2023
New Zealand Inflation and House Prices
by Zoe Wyatt 4 April 2023
Houses Vs Apartments 
by Zoe Wyatt 12 March 2023
Recent Building Code Changes in New Zealand 
by Zoe Wyatt 8 December 2022
Should New Builds Have a Home Inspection? 
More posts
Share by: