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“I need to get a dry rot problem repaired before we list our home for sale, when can you start”
I have been getting several calls like this one, homeowners wanting to have their home fixed before putting the home on the market. Is this a good idea? I don’t know, call your realtor. I’m not real sure what is driving this trend, but it is something that is growing in the Sacramento area. I have a few opinions about this trend.
It is good that the owners want to get the property ready and in tip-top shape from the very start. I have seen property inspections and termite reports done even before choosing an agent to sell the home. Maybe this helps the owner feel like they are a part of the sale of the home, or that they can be more prepared for any surprises that may come up. On at least one occasion this week, I have suggested that the seller find an agent before going any further. (I heard some things here at ActiveRain that needed to be expressed to the seller)
Another thought that comes to mind has to do with the agent listing the home. We choose a real estate agent for a number of reasons. They are experienced with all the particulars of the transaction, including the property and dry rot repairs. The agent has a list of property inspectors, termite companies, and contractors who they know and trust. They know financing, market values, and will do their best to sell the property. The agent is willing to do all of this for a small percentage of the sale, why muddle up their jobs by helping. J
Personally, I’ll do the work whenever asked. It just seems like an interesting trend – Doing the dry rot repairs before finding an agent.
Peg, I am embarassed to say that it wasn't until my current home that we ever did large improvements to our home, until we decided to sell the home. We never got a chance to enjoy it ourselves. that has changed.
Well said Kathy, cash management is very important at this time. Ideally, handling all the maintenance and emergencies thoroughout the time in the home is best. the costs are spead out and when it's time to sell, the seller is ready!
Sandy, I like what you have said here. Not to be blowing my own horn, but a professional job shows. Too often a homeowner gets an inspection and whips up some of the repairs that do more harm than good.
In a normal market and when a seller has equity in their home, I would encourage them to do an inspection before listing and make necessary repairs. With so many homeowners needing to do a short sale nowadays, I would not advise them to do the same. It is probably better to invest as little as possible in repairs, they may need the cash to close.
Obvious issues that are visible to any casual looker will be a factor in the desirability of the home as well as the offering price. Best practice is in fact to take care of these issues up front.
Tom, in a perfect world, the sellers would have a pre-listing inspection done by a pro, and take care of most of the issues. That way, when the buyer comes along, they'll not have to deal with it, plus, it will show more value to the home.
Think it is a great idea. One less thing to deal with. I have found when you talk to a seller about issues in their home they always seem to know when there are issues.
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
47 Comments on Dry Rot Repairs Before the Home Is Listed? Is This a Good Idea?
And the "worse" happens pretty quickly Richie.
lol
Peg, I am embarassed to say that it wasn't until my current home that we ever did large improvements to our home, until we decided to sell the home. We never got a chance to enjoy it ourselves. that has changed.
Interesting situation Ellen. Is that why you called today? :)
Hope you got the answers you needed.
Quicker and at a better price... sounds like to good reasons to get those dry rot repairs done early Praful.
That makes a lot of sense Amy. The buyer needs to have a good feeling about the home.
Good point Bill. Would your answer be different in a sellers market?
Well said Kathy, cash management is very important at this time. Ideally, handling all the maintenance and emergencies thoroughout the time in the home is best. the costs are spead out and when it's time to sell, the seller is ready!
It does show the the seller is willing to get the home ready for sale doesn't it Gretchen?
Thanks for the kind words Myrl.
That double whammy doesn't sound like it is good for the buyer. Maybe we should get things looking its best right away instead.
You bring up a good point - if it is financially possible. This whole conversation changes if the seller can't afford to do the work William.
Sandy, I like what you have said here. Not to be blowing my own horn, but a professional job shows. Too often a homeowner gets an inspection and whips up some of the repairs that do more harm than good.
There are excellent sources of finding good contractors to do this type of work Maureen.
Obvious issues that are visible to any casual looker will be a factor in the desirability of the home as well as the offering price. Best practice is in fact to take care of these issues up front.
Tom, in a perfect world, the sellers would have a pre-listing inspection done by a pro, and take care of most of the issues. That way, when the buyer comes along, they'll not have to deal with it, plus, it will show more value to the home.
Think it is a great idea. One less thing to deal with. I have found when you talk to a seller about issues in their home they always seem to know when there are issues.
The level of repairs may be the difference in whether or not the home sells, those are some tough choices Kevin.
I would agree with you Gabe, but convincing the seller that it is important to fix the problems with their home now, may be a challenge.
The improvements and repairs will add value to the home Eric.
True Bill, and I think deep down they know which things need to be a top priority.