One of the smartest ways to negotiate for the price of the property you are about to buy is to get it checked by an inspector so that you get the pre-purchase condition report. A pre-purchase condition report is one of those documents which opens many doors before you. On the one hand, with this report, you get to know the true value of the property, and on the other hand, you can decide after this report whether to proceed with the deal or not.
Why a pre-purchase condition report is vital
A pre-purchase condition report is vital in two ways mainly. It’s good for the prospective buyer of the property and also at times goes in favor of the prospective seller of the property. The buyer certainly would be interested in the report to know the state of the property in detail from an unbiased third party, so that the buyer may take guided decisions about whether to buy it or not. The seller at times on being confident that the property is in really impressive condition generates such a report, so that they may show this report to prospective buyers to impress them and justify the good fat amount they are asking for the property. Therefore the buyer or seller both can take advantage of the report in different ways.
Price negotiations with a condition report in hand
If you as the buyer have the pre-purchase condition report in hand, then you will be able to judge if the seller is asking the right value for the property or not. Based on this judgment you may then decide to buy the property, or get out of the deal, or negotiate with the seller for a lower price. Normally when you like the property, and you get some points in the report to show and tell that there are some problem elements in the property, which needs renovation or repair, then you may go for this kind of negotiation. Either you can get a price drop, or you may get a deal from the seller that those problems would be repaired before the sale.
If you as the seller want to convince your customers faster, and want to show how transparent you are as the seller, then this could be the smartest way. Just get a property inspector to investigate and prepare this report for you, and proudly present it before the prospective buyers to tell them how much concerned you are as the seller to sell a good condition property. Rather if there is a problem also, then before showcasing or listing the property, you may get the problem repaired and corrected, and then you can list the property. This saves your reputation too as the seller. Hence, you can see that in both cases pre-purchase condition reports are highly valuable.
Finally
You can get a pre-purchase condition report generated after a full inspection within 24 hours, by contacting a reputed property inspection service in your area. Make sure that you also get building and pest inspection done so that there are no hassles when you have to move in.