3/31/2008 12:53 PM
Greg4tune wrote:
Selling yourself or using a Realtor - don't be left with a mess:
The first thing you may want to do is have a "Home Inspection" before you list your property for sale, it can save you thousands and perhaps even save your sale.
If you can afford $250-$350, this is well worth it and here is why.
If you wait until you have a buyer or offer on your property, the buyer may ask for a Home Inspection (Usually Does). During this inspection they may find soft spots on your floor, foundation problems or cracks, chipped paint, plumbing leaks, swamp cooler issues, roofing problems, dry rot, electrical problems and what is referred to as "Material Defects". The most common is dirt to wood contact, you must clear at least 6 inches from any dirt to siding or wood contact. These issues can allow your buyer a way out of their offer and often flubs the deal because they become scared of what else they may find. Once these defects are found the problem stays with your sale until they are corrected and can cost thousands let alone the valuable time you loose in todays market and again perhaps flub your sale.
If you pay for an inspection BEFORE you list or try to sell your home, you will find these defects first and can then fix them yourself or hire it out more reasonably. It is best to put the fire out before it starts.
Todays market is not that of even 6 months ago, most marketplaces have fallen 10-20% so our best advice is price it right or prepare to sit on it for quite some time.
Updating paint, floor coverings, appliances are always a good thing, but the kitchen and baths are the selling points, the rest is gravy.
Do your homework, ask a Realtor for some "Comps", these are comparables on WHAT HAS SOLD, not what is for sale... in your local vicinity, not accross town. Location-Locaton-Location Reply to this
Selling yourself or using a Realtor - don't be left with a mess:
The first thing you may want to do is have a "Home Inspection" before you list your property for sale, it can save you thousands and perhaps even save your sale.
If you can afford $250-$350, this is well worth it and here is why.
If you wait until you have a buyer or offer on your property, the buyer may ask for a Home Inspection (Usually Does). During this inspection they may find soft spots on your floor, foundation problems or cracks, chipped paint, plumbing leaks, swamp cooler issues, roofing problems, dry rot, electrical problems and what is referred to as "Material Defects". The most common is dirt to wood contact, you must clear at least 6 inches from any dirt to siding or wood contact. These issues can allow your buyer a way out of their offer and often flubs the deal because they become scared of what else they may find. Once these defects are found the problem stays with your sale until they are corrected and can cost thousands let alone the valuable time you loose in todays market and again perhaps flub your sale.
If you pay for an inspection BEFORE you list or try to sell your home, you will find these defects first and can then fix them yourself or hire it out more reasonably. It is best to put the fire out before it starts.
Todays market is not that of even 6 months ago, most marketplaces have fallen 10-20% so our best advice is price it right or prepare to sit on it for quite some time.
Updating paint, floor coverings, appliances are always a good thing, but the kitchen and baths are the selling points, the rest is gravy.
Do your homework, ask a Realtor for some "Comps", these are comparables on WHAT HAS SOLD, not what is for sale... in your local vicinity, not accross town.
Location-Locaton-Location
Reply to this