Seller-initiated inspections can facilitate home sales

South African homeowners should consider taking the initiative and commissioning a professional inspection report on their home before putting it on the market says Ronald Ennik, CEO of Christie’s International-affiliated Ennik Estates.

“Yes, it is a totally voluntary act of integrity and transparency that gives the buyer an upfront, unbiased, disclosure of any material defects,” says Ennik.

“But, by doing so, the trust that the seller builds in the interface with the buyer will more than likely speed up the sale process,” he adds.

“The seller’s initiative will also pre-empt any intention the buyer may have had to make his or her offer conditional on a favourable home inspection report.” 

While it is nowhere near common practice in the South African residential property market at this stage, says Ennik, “real estate agents, who often avoid recommending an inspection for fear of upsetting the seller, should nevertheless embrace the process rather than balk at it.”

In contrast with South Africa, pre-sale professional inspections and reports on homes (by licensed inspectors) are a steadily unfolding international trend – to the extent that they have become mandatory, and closely regulated, in certain states and provinces of some developed countries, says Ennik.

“At this stage, however, independent professional inspections and reports on homes up for sale in South Africa are almost always generated at the request of the buyer – and can often be nit-picking in their nature. They are seldom an automatic prerequisite to a property changing hands,” says Ennik.

“By taking the initiative and commissioning an inspection and report, the seller provides peace of mind on the structural aspects of the home – such as the condition of the roof and foundations; damp problems; and wall cracks. 

“Furthermore, the full, upfront disclosure of any material defects will prevent buyer comeback on some or other defect (real or perceived) after the sale has gone through,” says Ennik.

“Finally, the roughly R3 000 to R5 000 cost of a professional inspection of a medium-size home will be lost in the premium that the process will more than likely put on the sale price achieved,” he concludes.

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 20 Nov 2017
      Since 2012, sectional title complexes have been leading the South African property market, not only in terms of price growth, but sales volumes as well. Remaining relatively strong, even in the face of 2017’s political and economic turmoil, experts say this market segment could offer valuable insight into South Africans’ property purchase priorities.
    • 20 Nov 2017
      Regardless of whether you are purchasing your first start-up home, downsizing or moving in with roommates, finding ways to maximise small spaces can be a big advantage, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 20 Nov 2017
      Property valued at approximately R1 billion is on High Street Auctions’ sales floor during the month of November, including the much-anticipated sale of the Tshwane Mayoral Residence and the land occupied by one of South Africa’s oldest operating gold mines.
    • 17 Nov 2017
      FWJK has announced the launch of its latest residential brand, the Lil’ Apple, which will be launched simultaneously in two developments in Cape Town and Umhlanga totaling 600 apartments. The Lil’ Apple is set to be a brand of FWJK’s New York style apartments which will be rolled out nationally.
    • 17 Nov 2017
      It’s been a tumultuous year on many fronts, with socio-political uncertainty setting the tone for much of South Africa’s economic activity yet despite this and seemingly counter-intuitively, the residential property market has held up well.
    • 17 Nov 2017
      The EAAB (the Estate Agency Affairs Board) recently claimed that around 50,000 illegal estate agents could currently be operating illegally.
    • 16 Nov 2017
      Penthouses are synonymous with New York – characterised by high-rise living that is decidedly luxurious and spacious. While exclusivity comes at a price, you can still create a “penthouse” look and feel in your existing apartment or even the upstairs bedroom of a double storey house with some clever design changes and styling touches.
    • 16 Nov 2017
      The area has long been popular with kite surfers and, with escalating property prices in Cape Town itself, is increasingly in demand with home owners who work in town, but are looking to invest in more affordable properties.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us