Monday, March 23, 2015
Sellers you want to move on, you have your reasons, but you have to sell your existing home. The potential buyers have come and gone but no offers have been made, why? Because they found the same house with less problems for the same price! Identify your homes unknown issues. Fix them for your price by a contractor of your choice. Don't let unknown problems ruin your sale because of failed negotiations. Having your home inspected will give you the knowledge you need to make informed decisions before you sell. Remember when a real buyer does come he or she will have their own qualified home inspector checking your home.
Why would you want to hire a home inspector prior to listing your property? Because, if your home is in top condition you'll get the highest price and to the closing quicker with fewer surprises.
This gives you two options. First, the home can be presented "as is" and reflect any problems in the purchase price. This allows you the option to negotiate with a buyer to accept items in the current condition by stipulating that they are reflected in the purchase price. If you hadn't identified these problems a buyer may walk away from the deal if the conditions come as a surprise after an offer has already been made. You know the buyer's inspector will find them, at the worst possible time, causing delays, and costing you more money.
Secondly, you can have the problems fixed before you list so they don't become an issue between you and the buyer.
The inspection should be done as early as possible once you have made the decision to sell your home. This way, if there are any problems discovered that need to be repaired, you can have the repairs done on your own terms and schedule.
When a problem isn't found until the buyer has an inspection performed, the deal you've worked so hard to get done may fall apart unless you act quickly to get the repairs done. Or you may have to take a lower price in order to keep the deal. You'll most certainly have more headaches and spend more money than if you'd known about the problem and had it repaired before negotiations began. Buyers appreciate knowing the conditions of the major elements of a home upfront and in most area’s sellers are required to disclose the condition of the home.
Knowing what's wrong with your home in advance allows you to shop around and get competitive bids from contractors, rather than being forced into paying higher cost for a rush job at the last minute. You also have the flexibility to choose the materials and methods used in the repair. By identifying needed repairs early, you'll have the option to save money by using less expensive materials for the repairs.