Certified Pre-Owned Listings - The Faster Way to Sell Your Listings
Sell Faster! Buy Smarter! Get the Certified Advantage!
HOW MANY HOMES FOR SALE ON YOUR STREET ARE CERTIFIED PRE-OWNED?
Get top dollar for
your house now!
A CPOL inspection will help you identify any issues up front so you are not
blindsided with additional negotiations after an accepted contract!
DISCLOSE LAST - CLOSE LAST - TAKE HOME LAST
Average cost of an inspection post-contract $5,000 - 10,000!!!!!
5-10% of contracts are cancelled because of home inspections!
50% of contract closings are delayed because of home inspections!
Almost 100% of contracts are being renegotiated today because of home inspections!
DISCLOSE FIRST - CLOSE FIRST
The average cost of a Certified Pre-Owned Listing Inspection prior to an accepted contract is $500, MUCH less than the typical cost to a seller AFTER the buyer's inspection.

Fulfilling all your disclosure requirements up front eliminates unnecessary and costly mistakes! Don't let future potential buyers renegotiate your purchase and sale contract because of inspection disclosures!
CPOL inspections give you time to make repairs and shop for competitive contractors, they permit you to attach repair estimates or paid invoices to the inspection reports, and remove over-inflated buyer-procured estimates from the negotiation table. There is no question that the cost of a CPOL inspection prior to a purchase and sale contract is far less than the contract negotiations after the inspection! Get the best price for your house and keep it!
Some of the Advantages of CPOL Inspections to the Seller:

• If problems don't exist or have been corrected, you can substantiate your asking price.

• Buyer's unfounded suspicions can be relieved, BEFORE they walk away or renegotiate.

• Negotiations and 11th-hour renegotiations are eliminated or reduced.

• The likelihood of your buyer walking away from the contract is reduced!

• Provide buyers with full-disclosure before they get their inspection.

• You can use your inspection report as a marketing tool.

• YOU have the opportunity to decide what do if problems do exist.

• You have the opportunity to repair or replace anything before the report is generated.

• You can assist, ask questions and address concerns with the inspector during the inspection.

• Any immediate safety issues can be addresses before anyone visits the home.

• Buyers MAY waive their inspection contingencies!

• CPOL Inspections provide buyers an unbiased, third-party view of the home.
For a home to meet the requirements of Certified Pre-Owned Listing, it must pass the CPOL rating system with a score of 70% or higher. IF A HOME DOES NOT MEET THIS SCORE, IT CAN STILL BECOME CERTIFIED PRE-OWNED BY MEETING ONE OR MORE OF THE FOLLOWING CONDITIONS:

a. The seller of the home can obtain competitive bids for the issue(s) found and either fix the issue(s).

For example, if a roof covering has little remaining functional life, the seller can choose what to do about it, instead of waiting for the buyer to make it a contingency and an expensive one at that. Here, the seller is going to choose to get three bids from contractors (which are not inflated) and have the roof repaired prior to closing (or possibly prior to putting the home on the market).

b. The seller of the home can merely sell the home “as is” without doing any work, but the buyer is fully disclosed of the condition prior to contract.

For example, take the roof above. The seller can choose to simply adjust their asking price accordingly, and disclose that the home is in need of a new roof, but that it is for sale “as is.” If a contract is signed under these circumstances, the issue cannot become a contingency AFTER THE FACT.

c. The seller can set aside funds in escrow to meet the cost of upgrading the issue in question.

In this case, the seller would get three competitive bids from contractors (uninflated) and take the average of those bids as the amount of money they are willing to escrow to the new buyer at closing. This is disclosed up front as always, so the buyer understands what they can expect from the seller.

d. The seller of the home can opt in addition to “a”, “b” or “c” above to place a home warranty on the home and its systems and appliances. Home warranties are important where the appliances present are aging.

All homeowners and possible inspectors are required to comment on the homes below the acceptable rating as a condition of acceptance under the CPOL program. Please make sure you review these comments accordingly.
Certified Pre-Owned Listings - The Faster Way to Sell Your Listings
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