Residential Source
 Register
 Add Properties
 Modify Properties
 Search Properties
 New Sale Listings
 New Lease Listings
 AgentFinder
 Buying
 Selling
 Relocation Request
 About Us
 Contact Us
 Logout
 HOME






The majority home buyers won't consider buying a home without having it inspected by qualified professionals. Sellers should order an inspection report when they list the home. Having your home inspected routinely will save you money in the long run. Keeping your property well maintained is a necessary if your intention is to protect and mature your investment.

Once a year, walk around your property and make a list of repairs that need to be addressed. If you find yourself unsure about what needs to be addressed, or with where to look, hire a home inspector to create the list for you.

One way to avoid major repair problems is too have your home inspected every year or two. By having your roof and gutters inspected every year, and by having the home inspected for wood pests every two years can keep you on top of any problems before they become major issues and costly.

Every home has different needs when it comes it's home maintenance routine. Landscaping issues need to be addressed, as over hung trees and unruly bushes can present fire and wind risks. Keeping a maintenance calendar can easily help you keep track of your home maintenance. It's easier to prepare your home for listing when you've kept up on all the routine maintenance.

Procrastinating about home maintenance issues can be an easy habit to develop after spending years in a home. The urgency to make repairs can fade, and often home owners find that smaller items have slipped their mind until a disaster occurs.

Buyers generally want to purchase homes that they can move into without having to make a lot of repairs. The seller needs to decide whether to fix necessary repairs or leave the repairs for the buyer to do. Sellers that have the time and money, should repair the home as it can considerably help the selling process. Many buyers simply do not have the time or available funds to make major repairs to the home before they move in, and they usually won't consider the purchase of such a home.

Listings of the best possible condition in are demand, and will attract the attention of serious buyers. A home in good condition tends to sell quicker than a home in need of repairs, and a quick sale tends to be sold for near the list price.

Home buyers who are looking for "fixer-uppers" make up only a small percentage of the home buying market, so if you do choose not to make the needed repairs, you'll find a smaller number of interested parties than you would have if the home had received the needed repairs. The current trend indicates that the longer it takes to sell your home, the lower the final selling price will be.

If you find that you are unable to afford to have all the repairs made, prioritize the repairs and spend what funds are available on repairs that will have the greatest impact on buyers and on the overall value of the home.

One way to prioritize the repairs, is to have your agent walk through your home with you. Take notes and list all the suggested improvements that should be addressed before selling. Make sure to have the agent explain which improvements will reflect in the selling price, and which won't.

Contracts usually include an inspection contingency to protect the buyers. This contingency, will be good for 10 to 14 days gives the buyers the opportunity to have the property re-inspected to their own satisfaction. Defects can be discovered during inspections that neither the buyers nor sellers were previously aware of.

A seller's responsibility to buyer varies depending on the state and the laws currently in practice there. Some states simply do not have seller disclosure laws. Purchase contract can also change from state to state, as some include a "seller warranty" while other simply go "as is". Check with your agent about the local and state laws regarding your responsibility to the buyer. This measure could prevent a possible headache later in the closing process.

If the contract contains a "seller warranty" clause, the seller may be required to repair defects that are discovered during the buyer's inspections. One example might be that the seller is required to provide a working stove, but the buyers inspection finds that the stove is indeed not working. The seller would be required to repair the stove to working order.

Renegotiating the contract after the buyers inspection is a fairly common practice. Items could have been over looked on the original inspection, or maybe the buyer's inspector feels that the foundation is in need of repair and that a contractor should inspect, even though the original inspector felt otherwise, or just over looked it.

The most common reason that a purchase contract falls apart is because of needed repairs that are found during the buyer's inspections. One option is to work with the buyers to resolve the problem, another would be to re-list the home and start from scratch.





Home | Advertising Info | Disclaimer | Feedback
Privacy Statement | Add/Modify Listings | Search Properties | New Listings