The Best Time to Inspect: Part 2
Article by: Wally Conway
Amazing as it may seem, homes , Beautify Your Garden With A Bridge inspected prior to going on the market have two very significant attributes:
1. They sell faster than homes , Relaxation in the garden starts with a Swing Bed not inspected until the buyer has made an offer.
2. They sell closer to the asking price than homes , Is Landscape Fabric Even Necessary In Landscaping? 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! , Garage Door Hazards If there was something wrong with the home , Understanding Insulation 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 , How To Choose A Freezer For and do it in less time?
Let us create an example of a 20-year-old home , Mint: The Herb of Hospitality 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. , Five key factors that affect your pot plants in winter When the buyer has the home , About tree seeds and bonsai seeds germination instructions 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, , Green Thumb Gifts: Beyond Gardening Gloves several plumbing , It's Time To Select Your Snow Blower leaks, and the need for replacement of three exterior doors. , Garage Hazards 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. , CONTRACT WORKERS NEEDED 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 , Is Landscape Fabric Even Necessary In Landscaping? 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 , Relaxation in the garden starts with a Swing Bed contractors, offer a credit at closing or adjust the sales price to reflect the diminished value. They can even make the necessary repairs, , The way of the future is turn to solar then increase the price of the home , Relaxation in the garden starts with a Swing Bed 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 , Mint: The Herb of Hospitality is in and knows what issues to base the initial offer on. The buyer will still in most cases get the home , Orchid Care - What The Roots Tell Us 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! , Have you been looking for the latest and accurate opinion re
About The Author
Wally Conway is President of Florida HomePro Inspections, and has recently written a book entitled "Secrets of the Happy Home , The way of the future is turn to solar Inspector", available at GoHomePro.com or Amazon.com. Wally's expertise and experience has been sought after by HGTV's "House Detective", the Florida Times Union, and many real estate boards and associations. As a speaker, writer, instructor, and host of The Happy Home , Beautify Your Garden With A Bridge Inspector radio show every Saturday at 3 PM on WOKV 690, Wally blends the right amount of up-to-date information , Transplanting Deciduous Shrubs with just the right amount of humor, insight, motivation, and real-world application. Visit WallyConway.com for more information! , Garden Heating The Traditional Way
Copyright © Florida HomePro, Inc. and Wallace J. Conway. All rights in all media reserved.
info@wallyconway.com
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