When selling your property, one of the most important steps you can take is getting a building and pest inspection report upfront. While this might seem like something usually handled by the buyer, more and more savvy vendors are choosing to take this step early in their sales campaigns. Why? Because it can be a game-changer for maximising your sale price and ensuring a smooth transaction. Here are the top three reasons why vendors are making this smart move.
1. Fix Issues Before They Become Problems
One of the worst things that can happen during a sales campaign is discovering a problem with your property after you’ve already gone to market. By that point, you’ve likely spent a significant amount of money on marketing, photography, staging, and listing fees with platforms like REA or Domain. You’ve also put in the emotional effort of preparing your property and negotiating with interested buyers.
Now, imagine after all this, the buyer arranges their own building and pest inspection, and the sale falls through because of unexpected issues. It can leave you wondering what went wrong and scrambling to pick up the pieces. By getting a report upfront, you know exactly what condition your property is in right from the start. This gives you the chance to address any red flags before they disrupt your sale.
Top agents recommend fixing these issues before you go to market so they don’t become roadblocks later in the process. It’s a proactive approach that not only saves time and money but also protects you from any last-minute surprises.
2. Maximise Your Sale Price
In real estate, confidence is key. The more confident a buyer feels, the more likely they are to make an offer—and the stronger that offer will be. When you provide an inspection report upfront, you eliminate any doubts in the buyer’s mind.
By removing potential obstacles, you’re giving buyers no reason to hesitate or negotiate the price down. Instead, they can focus on making an offer, knowing they have all the information they need to proceed with confidence. The more streamlined and transparent the process, the more likely you are to maximise your sale price.
In competitive markets where buyers are looking at multiple properties, having a pre-purchase report available can make your property stand out. Buyers can engage straight away, leading to faster, cleaner transactions, which is especially valuable if you’re selling via auction.
3. Control the Negotiation
When selling your property, you want to be in control of the process. Yet, in many cases, the seller knows less about the property than the buyer. This is a risky position to be in, especially when negotiating the sale of what is likely one of your most valuable assets.
By getting a building and pest inspection upfront, you and your agent are armed with the knowledge needed to drive the negotiation. There are no hidden surprises or gaps in information, which puts you in a much stronger position when discussing the terms of the sale. If any issues arise, you’ve already dealt with them, ensuring smoother negotiations and giving you the upper hand.
Plus, buyers are more confident in making unconditional offers when they know everything there is to know about the property. If you’re selling via auction, buyers can attend the auction with greater certainty, knowing exactly what they’re bidding on.
Conclusion
Getting a building and pest inspection report at the start of your sales campaign is a small investment that can deliver big results. It not only helps you fix any issues before they become obstacles but also boosts buyer confidence, maximises your sale price, and gives you control during negotiations.
If you're preparing to sell your property, taking this step upfront could be the key to a successful, stress-free sale. Good luck! 🏡