The Best Time to Inspect - Part 2
Article by: Wally Conway
Amazing as it may seem, homes , 7 Natural Stone Pebble Projects For Every inspected prior to going on the market have two very significant attributes:
1. They sell faster than homes , Here's How To Know Which Kitchen Design Is Right For You not inspected until the buyer has made an offer.
2. They sell closer to the asking price than homes , Learn Some Feng Shui Guidelines For Your Children's Room not inspected until the buyer has made an offer.
Why the heck does that happen?
When the buyer makes an offer, there is an assumption made by the buyer, reasonable or not, that there is nothing wrong with the home! , Enjoy Rose Gardening If there was something wrong with the home , Understanding Weeds - How to Kill them? that the seller knew about, but did not disclose, shame on them, it is about to cost them money. Most often, though, the items that come up on the inspection by the buyer were unknown to the seller. Sur-prise, sur-prise, sur-prise! And we've already established that surprise is not good in real estate. So how is it that the inspection for the seller makes the buyer pay more for the home , Planting and Caring for Flower Bulbs and do it in less time?
Let us create an example of a 20-year-old home , Old House Remodeling: Removing Old Tile and Glue that has a fair market value of $100,000, just to make the math easy. That value assumes that nothing is wrong with the home. , How Much Concrete Will It Take To Make Your Patio? When the buyer has the home , Decorating Your Kitchen Garden inspected it is with the assumption that anything discovered to be wrong will be corrected by the seller or a price concession will be made.
Now, let's consider that the buyers inspection revealed the need for a new roof, , REPLACING ALUMINUM FRAME SINGLE PANE WINDOWS several plumbing , Radon Gas In Homes And Lung Cancer leaks, and the need for replacement of three exterior doors. , Give the Gift of Candlelight When these discoveries are made by the buyer's inspection, the clock is running and running fast. These items need to be corrected before the sale can be completed. This time crunch puts the seller at a disadvantage when dealing with the contractors. , Burning Bushes Do Well In Doylestown Township, PA When time is critical, you have fewer choices and the costs go up. Additionally, the buyer often wants to have input on who does what work.
This situation is always tense and expensive. It can be avoided!
Let us now assume that the inspection result occurs, but it is for the seller as the home , How to Make Money at Growing Small Landscape Plants on 1/20
Acre or Less goes onto the market. The seller is now in control. Armed with a clear picture of what is wrong, the seller can choose to shop calmly for the best value in repair , The Tea-Lover's Soul Weed contractors, offer a credit at closing or adjust the sales price to reflect the diminished value. They can even make the necessary repairs, , Know Your Yellow Roses! then increase the price of the home , Choosing and using storage boxes in the to reflect the increased value!
No matter the choices made, the seller, on the seller's time frame, makes them. This actually makes for a neater, simpler buying decision for the buyer. The buyer knows better what condition the home , Decorating Your Kitchen Garden is in and knows what issues to base the initial offer on. The buyer will still in most cases get the home , Burning Bushes Do Well In Doylestown Township, PA inspected, but this is a breeze. It is rare that any additional items of significance arise.
The pre-listing inspection puts deal killing at the lowest risk. Most often, it makes for an awesome deal-closing tool! , Seven Gardening By the Yard Tips
Copyright © Florida HomePro, Inc. and Wallace J. Conway. All rights in all media reserved.
About the Author
Wally Conway is President of Florida HomePro Inspections, and has recently written a book entitled "Secrets of the Happy Home , 10 Tips On Cutting Plywood Correctly Inspector", available at GoHomePro.com. As a speaker, writer, and instructor, Wally blends the right amount of up-to-date information , Tiffany table lamps - It's all about the lampshade! with just the right amount of humor, insight, motivation, and real-world application. Visit WallyConway.com for more information! , Best Hardwood Floor researched. |
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