Pre-listing
- The process of establishing a property condition prior to marketing for sale or even letting.
- The idea is to avoid a negative survey report listing a number of faults which then holds up or even thwarts the sale.
- Pre-listing enables a seller to rectify anticipated faults ahead of the buyers surveyor (the lender usually insists on this).
- This involves two surveys as opposed to one but expedites the sale and avoids renegotiation post listing. I.e the buyer has less ammunition with which to negotiate a better price due to the list of defects and is less inclined to withdraw from the purchase.
- A let property might attract a higher rent following a pre-list which recommends improvements and alterations.
Published: 11 November 2013
Last Updated: 17 November 2021