I think they are a great idea. Not many vendors want to know about the problems in their home, but this could be a great thing to help SELL your property.
I will usually recommend a pre-inspection on homes older than 30 years. If a problem is found you can talk about it, figure out a plan… I see 98% of my buyers doing one anyway. It is also great, the potential buyer may be able to talk to the home inspector, and alleviate any concerns.
Adding more costs to sell? BAH!! It allows the seller to
1/ Know whats wrong before they list it. There are no surprises, shocks or hurts when the buyers finds it.
2/ Give them Op to fix some minor things. And this can be huge. I have seen little things in an inspection and the seller went and did all of them. He highlighted on the inspection the item and wrote in the date completed. The Buyers LOVED that they cared enough to do that.
3/ It gives them an op to fix the major things or at least get quotes. The less a buyer has to worry about the better. Knowing the cost of the major things allows the home owner to price correctly!
4/ It also shows due- diligence on the home owners part and speeds up the process for a quicker sale.
Usually ppl will ask up to 3 times the amount it costs to fix. They want the discount. This isn’t a calculation but it reflects the fear and ignorance in the buyers. Taking care of this before listing goes a long way.
I think it should be recommended practice. It results in a faster sale and higher price for the sellers. For the buyer they have full disclosure and have confidence about the property.
