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Real Estate Fight Club

Real Estate Fight Club

Business:Careers

Episode 05: Are Pre-listing Inspections Critical?

Episode 05: Are Pre-listing Inspections Critical?

2019-10-30
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In Episode 5 of the Toe-2-Toe Podcast, hosts Jenn Murtland and Monica Weakley duke it out over whether pre-listing inspections are critical. This conversation will help you understand how pre-listing inspections can affect a transaction. Will this strategy be another great way to help your clients sell their homes for the most amount of money possible? 

 

Episode Highlights: 

  • Is it critical that you encourage your seller to do a pre-listing inspection?
  • Jenn says yes, you should encourage your seller to do a pre-listing inspection.
  • Not a lot of agents require a pre-listing inspection.
  • 50% of the time the buyer does waive the inspection contingency. 
  • Jenn includes the inspection report along with the receipts and a list of the items that were fixed.
  • A lot of buyers are looking for safety concerns. If those are fixed, half the time they're good to go.
  • Monica does not do pre-listing inspections.
  • She waits for buyers to say what’s important to them.
  • If you have a willing seller that's motivated, then you can get through an inspection no matter what.
  • Jenn compares a pre-listing inspection to a nice tuneup.
  • There's so many houses where there are just little things for them to do that can impress buyers. 
  • Jenn does not pose pre-listing inspection as a question. It is a given.
  • She thinks this is the best way for you to get the most amount of money for your house.
  • Monica commends Jenn for taking the lead as the agent.
  • The house has to be ready for the buyer to buy and move in.
  • Jenn has sellers pay for pre-inspection in a variety of ways.
  • 75% of agents they surveyed said they did not require a pre-listing inspection.
  • Monica concedes that pre-listing inspections are a great idea.
  • Jenn’s inspector gives her clients a special price.
  • If you use pre-listing inspections, how many of your buyers release the inspection? 

 

3 Key Points:

  1. Some realtors require clients to do a pre-listing inspection. 
  2. Some realtors prefer to wait to address issues that are important to the specific buyer. 
  3. Pre-listing inspections cut down on surprises in the transaction and help your client get the most money possible for their home.

 

Resources Mentioned:

  • Jenn Murtland LinkedIn | Facebook
  • Monica Weakley LinkedIn | Facebook
  • Toe 2 Toe Podcast Facebook Page
view more

More Episodes

WWYD: What You Need To Know About Truth In Advertising When You Describe A Property.- EP 88
2022-10-19 415
How To Grow Your Referral Real Estate Business- EP 160
2022-10-17 414
WWYD: How Can Real Estate Agents Use The Word Realtor?- EP 87
2022-10-12 430
What Is The Single Best Way To Get A Listing?- EP 159
2022-10-10 464
WWYD: If The Listing Expired Can You Do This? - EP 86
2022-10-05 418
How To Sell 75+ Homes USing Social Media- EP 158
2022-10-03 500
WWYD: How To Avoid Code Of Ethics Violations When Changing Brokerages?- EP 85
2022-09-28 402
Are FSBO’s A Viable Source Of Business, With Guest Kevin Yoder- EP 157
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WWYD: If A Real Estate Agent Comes In Front Of The Board Do They Need To Answer Questions?- EP 84
2022-09-21 432
Is The Business Of Real Estate Right For You?- EP 156
2022-09-19 420
WWYD: Gossiping About Other Agents Can Get You In Trouble?- EP 83
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Most Common Mistakes Rookie Real Estate Agents Make! - EP 155
2022-09-12 445
WWYD: Should An Agent Hire A Lawyer When Going Through Arbitration?-EP 82
2022-09-07 406
Ask These Powerful Questions If You Are A Real Estate Agent- EP 154
2022-09-05 456
WWYD: Can A Buyer Put An Offer In On 2 Different Properties At The Same Time?- EP 81
2022-08-31 410
How To Choose A Referral Agent! -EP 153
2022-08-29 407
WWYD: Can You Say That You Offer Services For Free?- EP 80
2022-08-24 406
Lead Generation Targeting Expireds and FSBOs Is Changing- EP 152
2022-08-22 459
WWYD: At Closing How Should You Transfer The Key’s?- EP 79
2022-08-17 407
Role Playing That Can Help You Close More Transactions- EP 151
2022-08-15 437
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