pre-listing Inspections

Go from “For Sale” to “Sold” with the The Seller Pre-Listing Inspection

Property Condition Disclosure Statement & Pre-Listing Inspections

On March 20th, 2024, New York State removed the option for sellers to opt-out of the Property Condition Disclosure Statement. All sellers will have to complete and sign a 56 question Property Condition Disclosure Statement. An owner who fails to truthfully disclose the condition of the house may be liable for undisclosed damages. Because of this shift in rules, it is now more important than ever to get a pre-listing inspection as a seller in order to ensure the Property Condition Disclosure Statement is complete with accurate and honest information. A Property Condition Disclosure Statement may only be completed by the seller, not by a third party. In order to ensure the seller fills out the form with accuracy, a Pre-Listing Inspection is recommended to equip the seller with the information they need regarding their property. Pre-listing inspections will provide you with the information you need to complete the Property Condition Disclosure Statement, so you won’t be held liable for any undisclosed information regarding the home. 

To read more about the Property Condition Disclosure Statement, click here

Seller Pre-Listing Inspections

Why Pre-Listing Inspections?

  • Avoid eleventh hour negotiation stumbling blocks and costly concessions – if you are deep into the negotiation process you may have to agree to more than is needed to keep a deal alive.
  • Marketing and pro-active advantages – get ahead of the other sellers on the block with a home that has already been “pre-inspected” for safety issues etc.
  • Reveal issues before they scare off home buyers – inform a potential buyer that you have some cost estimates for a new water heater “just like this one” so you can provide real numbers during discussions about older units.
  • Avoid pit falls like termites, mold, and asbestos – get them corrected before they even come up.
  • Get realistic estimates from qualified contractors – need a repair on a burner, for example – it will be more affordable when you don’t need to pay a premium to get someone there within 24 hours!
  • List your home for full asking price with confidence – price with confidence knowing there are no major pitfalls lurking.
  • Provide peace of mind to buyers making an offer – buyers will feel confident as well since an expert just reviewed and evaluated the home and its systems.

Supplementary Document For Property Condition Disclosure Statement

Inspecticore also provides a supplementary document that aids in completing the Property Condition Disclosure Statement along with the Inspection Report after the Pre-Listing inspection. This document will assist the homeowner in completing the Property Condition Disclosure Statement. As a seller, it is important to ensure the Property Condition Disclosure Statement is complete with accurate and honest information. If the Property Condition Disclosure Statement is filled out incorrectly, the seller will be held liable for undisclosed information that impacts the property.

"If the Property Condition Disclosure Statement is a test, then the Pre-Listing Inspection is a study guide, and the inspection report is the answer key"

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