Should I pay for an inspection before I put my house on the market?

Should I pay for an inspection before I put my house on the market?

Chad Lund (Real Estate Agent) gives expert video advice on: How do I set a price for my house in a slow market?; How do I know if I'm asking too much for my house?; What is a 'bottom line'? and more...

Paying for an inspection prior to putting your house on the market is really not a bad idea. I've had examples where I've gone into a great escrow. Seller has gotten a great price, we go through the physical inspection, next thing we know the buyer is asking for ten, twenty thousand dollars in credits that came out of the blue. By preempting that, doing a pre-inspection you can figure out what issues are going on with the house, fix them or either disclose them during the escrow or during the negotiations and let the seller be aware of it. So I think it's a great idea.