Realtor® Insights: How Pre-Market Home Inspections Can Benefit Buyers and Sellers
When selling a property, homeowners want to ensure their home is in the best possible condition before listing it on the market. A pre-market home inspection can be a valuable tool for sellers, allowing them to:
- Identify potential issues that may arise during the sale process
- Address any unexpected problems before listing the property
- Save time and money by taking the necessary steps to address problems early
- Make the property more attractive to potential buyers
A pre-market home inspection can also give buyers the peace of mind to submit an offer early and close quickly. Buyers can:
- Learn about any issues or repairs that may need to be addressed through the inspection report
- Gain a better understanding of the property’s overall condition
- Make a more informed decision about whether or not to submit an offer
- Negotiate the best possible price and terms
In addition, let’s take a look at some quick stats related to the real estate market:
- The average number of active listings for April from 1985-2022 is 14,296.
- The highest number of active listings in April was recorded in 2006, with 29,045.
- The lowest number of active listings in April was recorded in 2021, with only 2,594.
- The historical average increase in active listings from March to April is 10.41 percent.
- This year’s increase was only 2.30 percent, representing the lowest increase since 2014’s decrease of 0.57 percent.
These numbers provide insight into the current state of the real estate market and the trends that may impact buyers and sellers.
In conclusion, a pre-market home inspection can be an invaluable tool for sellers and buyers. With the current state of the real estate market, it’s more important than ever to be proactive and take steps to ensure a successful sale or purchase. By conducting a pre-market inspection, sellers can identify and address any issues before they list their property for sale. At the same time, buyers can make a more informed decision about whether or not to submit an offer.