What kinds of people commonly retain building inspections? Well, one of the most common clients by far is individual private homebuyers. Sometimes, sellers want an inspection carried out.
Real estate agents in Melbourne do a lot of back and forth between these two parties anyway. They certainly have a vested interest in selling the home, so it only makes sense that they often retain building inspections. Here are a few common reasons why:
Maintain Trust and Transparency
For real estate agents, trust and transparency are essential for maintaining a positive image and reputation. Building inspections show due diligence and a concerted effort to show prospective homebuyers exactly what the condition of a home is, as verified by a professional building inspector, over fluffy marketing words – many of which the general public aren’t falling for.
All residential building inspections should contain detailed information regarding the condition of a property, including interior and exterior structural elements, roofing and gutters, plumbing and electrical systems, pests, and much more.
Safeguard the Investment of Your Clients
A real estate agent selling a home on behalf of a client has an incentive (i.e., their commission) to protect the value of the home as best they can during negotiations with prospective buyers. If a home is in great condition but buyers have doubts, a residential building inspection can assuage their worries and assure them that the listed price is actually reflective of the quality of the home.
Improves Negotiations with Homebuyers
Price negotiations are very common in real estate, but how much a seller is willing to drop down to and how much leeway a real estate agent can tolerate can vary substantially from one home to another.
Building surveys can help close the window a little on negotiation prices and make it clearer to buyers how much the home is actually worth (which should be reasonably close to the listed price).
They can also be used to negotiate with the seller about performing any listed repairs as a condition of the sale, which can be valuable for both the seller and buyer.
Uphold Safety & Compliance
Legal and regulatory compliance is importance not only for the safety of any inhabitants (current and future) in a home, but it’s also important for insurance, satisfying local council authorities on the habitability of a home, and more.
Real estate agents can use building inspection reports to demonstrate that they are taking all essential steps in the conveyancing of a property, including retaining qualified builders and inspectors to assess the actual condition of a home.
Maximise Sales and Turnover Time
Naturally, real estate agents provide a service that comes at a cost. It’s often in the best interest of both the agent and the seller to get the best possible price in the shortest possible timeframe.
Building inspections can help sellers to remediate a property fully before listing it. This makes the job of a real estate agent much easier and more straightforward, since all prospective buyers can see in clear black and white (and see the results of any remodelling done as a consequence of the inspection) before spending their time and money.
Guardian Building Inspections
Real estate agents in Melbourne need look no further than Guardian Building Inspections for residential property inspections.
