The Best Time to Inspect: Part 2

Article by: Wally Conway

Amazing as it may seem, homes , How To Sharpen Lawn Mower Blades inspected prior to going on the market have two very significant attributes:

1. They sell faster than homes , Choosing the Right Roses for Your Garden not inspected until the buyer has made an offer.

2. They sell closer to the asking price than homes , Herbs For A Spaghetti Garden 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! , Country Lawn Maintenance - 10 Tips to Know Before You Mow If there was something wrong with the home , The Advantages of Vinyl Gazebos 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 , Ceiling Patio Heaters and do it in less time?

Let us create an example of a 20-year-old home , Common Garden Flower Diseases 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. , Ceiling Patio Heaters When the buyer has the home , Choosing Garden Furniture 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, , Mini Roses Are Going To Change The Look Of Your Home several plumbing , Choosing Garden Furniture leaks, and the need for replacement of three exterior doors. , Attracting Hummingbirds 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. , Choosing Garden Furniture 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 , Real Estate Investing: Beware Of "Subject To" Promises 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 , Virburnum Dentatum - the Chicago Luster Viburnum contractors, offer a credit at closing or adjust the sales price to reflect the diminished value. They can even make the necessary repairs, , Is it the Flu or is it Carbon Monoxide Poisoning? then increase the price of the home , Planting Summer Flower Bulbs 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 , The versatile reciprocating saw. The power tool of your drea is in and knows what issues to base the initial offer on. The buyer will still in most cases get the home , Planting Summer Flower Bulbs 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! , Gardening Tips and Tricks for Late Autumn--Part One

About The Author

Wally Conway is President of Florida HomePro Inspections, and has recently written a book entitled "Secrets of the Happy Home , Real Estate Investing: Beware Of "Subject To" Promises 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 , Add A Room To Your With A Patio Awning Inspector radio show every Saturday at 3 PM on WOKV 690, Wally blends the right amount of up-to-date information , Organic Lawn Fertilizer with just the right amount of humor, insight, motivation, and real-world application. Visit WallyConway.com for more information! , Add A Room To Your Home With A Patio Awning

Copyright © Florida HomePro, Inc. and Wallace J. Conway. All rights in all media reserved.

info@wallyconway.com

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