Drew 2: Why you should have a home inspection when you SELL a property.

22 May 2023 · 2 min

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1:43

In this short video, real‑estate professional Drew explains why sellers—especially those flipping homes—should order a home inspection before listing the property. By knowing in advance what a buyer’s inspector is likely to flag, the seller can plan repairs, estimate costs, and use the findings as a bargaining tool. Drew walks through a concrete example: his own inspection revealed nine minor items that the buyer’s inspector later cited. He had already priced those repairs at about $500, so he offered a $400 credit, which the buyer accepted, showing that starting slightly below the estimated repair cost gives negotiation room. The overall message is that a pre‑sale inspection puts the seller in a stronger position, helps prioritize rehab work, and can save money through strategic repair‑credit negotiations.

Chapters

Hey now, welcome back to Drew 2. I want to continue our discussion about negotiating and how to set up your sale of your home that you're flipping. I want to encourage you to get a home inspection whenever you're going to sell any property. Yeah, whenever you sell. Why? Because now you know what the future home inspector will pick up, and you also know what to offer— excuse me, what to fix on your property. Now, I got a home inspection at the beginning, I'm under contract, And the home inspection that the buyer got, they brought back 9 items for me to fix or repair or address. Now here's where the important negotiation piece comes in. I already knew what they were going to be. I already had a price in my mind how much it would be to fix any of these things, and none of these are deal breakers. These are very minor things. And rather than arguing back and forth with the seller and the buyer and All these negotiation things about what's important and what's not. You just give them a blanket price, a little bit lower than what you think they would be to repair. So in this case, those 9 items we thought would be $500, so we start our negotiation at $400, just to give yourself some playroom. Now in my case, I offered $400 and they took it, which means I probably could have gone $350. And then negotiate. That's all right. Get a home inspection in the beginning. You'll know what the end is, how to negotiate. It puts you in a better bargaining position even though it's a small amount. It also tells you what to fix on the home during the rehab. Hope this makes sense how I'm describing it. Hey, thanks for watching today's Drew 2. We'll talk with you soon.