The key to selling commercial real estate or selling commercial real estate fast is having a seller inspection performed on the property.
What is a seller inspection?
A seller inspection, also referred to as pre-listing inspection or pre-inspection, occurs when the seller of a commercial property is the inspector’s client. A seller inspection is most often ordered and paid for by the seller before the commercial property goes on the market. This type of inspection is performed in accordance with the International Standards of Practice for Inspecting Commercial Properties. Sometimes a property is designated “Move-In Certified” afterward.
Seller Inspection Advantages
There are many advantages to having a member of the Certified Commercial Property Inspectors Association (CCPIA) inspect it pre-sale:
- A qualified Certified Commercial Inspector will inspect the building properly before the buyer’s inspector arrives.
- You can schedule the inspections at your convenience.
- The inspection might alert you to any items of immediate personal concern, such as radon gas or active termite infestation.
- You can assist the inspector during the inspection, something normally not done during a buyer’s inspection.
- You can have the inspector correct any misstatements in the inspection report before it is generated.
- The report can help you realistically price the building or home if problems exist.
- The report can help you substantiate a higher asking price if problems don’t exist or have been corrected.
- A seller inspection reveals problems ahead of time which:
- might make the building or home show better.
- gives you time to make repairs and shop for competitive contractors.
- permits you to attach repair estimates or paid invoices to the inspection report.
- removes over-inflated buyer-procured estimates from the negotiation table.
- The report might alert you to any immediate safety issues found, before agents and visitors tour the building or home.
- The report provides a third-party, unbiased opinion to offer to potential buyers.
- A seller inspection permits a clean property inspection report hosted on www.FetchReport.com to be used as a marketing tool.
- A seller inspection is the ultimate gesture in forthrightness on the part of the seller.
- The report might relieve a prospective buyer’s unfounded suspicions, before they walk away.
- A seller inspection lightens negotiations and 11th-hour renegotiations.
- The report might encourage the buyer to waive the inspection contingency.
- The deal is less likely to fall apart the way they often do when a buyer’s inspection unexpectedly reveals a problem, last minute.
- The report provides full-disclosure protection from future legal claims.
Every project is different. Let us help you determine exactly what inspection package would best serve your needs. Find a local commercial property inspector by contacting us or visit Find a Commercial Inspector to search locally.