No one will contest that it is currently a Buyers Market, and with that being so, buyers are being pickier than ever. Work that needs to be done on a home is a hard negotiating tool for present buyers. If the seller is unwilling to make repairs or lower the price, buyers are going to walk, or run away.
Many home buyers are now demanding home inspections and more and more home sellers are getting pre-listing homes inspections. With this in mind I have complied a list of likely Deal Killers that will send buyers running.
Roofing Concerns: A new homeowner does not want the expense of roof replacement shortly after closing. Many sellers believe that if their roof is not leaking it is in acceptable condition. However, underlying issues can exist.
Electrical Problems: Some panel models were discontinued and might even pose a fire hazard. Although they are straightforward to replace, the potential fire risk can be scary for prospective buyers.
Structural Issues: Fortunately, major structural issues are the least common defect found in homes, but when they do occur, they can be costly to repair. Note that a professional home inspector won't assess the extent of repairs needed when these conditions are found. Structural engineers and other professionals should be consulted to get specifics on the scope of repairs needed.
Exterior Finish Systems : Overall Exterior Finishes are effective. Unfortunately installation issues often lead to trapped moisture behind the siding, causing mold and extensive deterioration. In many cases the siding has to be replaced, often with a different type of siding which can cost tens of thousands of dollars.
Well Systems: How old is the well and the pumping system. Is the health standards of the water up to date? A new pump can be a very expensive replacement. Keep records if work is done on well system and have water tested regularly.
Septic System: When was the system last tested and inspected? Was the distribution box uncovered to verify even line distribution of effluent flow.
I AM AT YOUR SERVICE!
Ron Stead Call me today at 540-539-1200 or e-mail at rstead@shentel.net
Find my website at http://www.ronsellsva.com/

Both as a Buyer and a Seller, keep these issues in mind, and resolve or negotiate any issues before they become deal breakers.