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How to Sell a Home With Defects

By
Real Estate Agent with Elizabeth Anne Weintraub, Broker DRE #00697006
selling defective homesIt's funny how before closing on a home, many buyers will come up with a to-do list of things that absolutely, positively must be done within moments of moving in. Then, years later, those must-do things still aren't done. That's why I advise my clients not to make immediate improvements or alter a home within the first few months unless they are 100% confident that it's what is in their best interest and will return the best bang for the buck upon resale.

Sometimes, it's better to get a feel for a home by living in it for a while. What irritated a buyer at first blush might grow on a person as the years go by. For example, the former owners of my home cemented a small ceramic flamingo to a knee-wall divider in my guest bath; which initially seemed tasteless and silly but five years later has matured and developed a certain charm. I kind of like it now.

And that's what happens to many other home owners. They become so comfortable in their homes that if their house has deferred maintenance, they might not see it. Those cracks in the ceiling and peeling wallpaper seems to disappear because the owners have lived with it so long they don't notice it anymore. But buyers will.

Read more about Selling Defective Homes.

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Elizabeth Weintraub is co-partner of Weintraub & Wallace Team of Top Producing Realtors, an author, home buying expert at The Balance, a Land Park resident, and a veteran real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown, Carmichael and East Sacramento, as well as tract homes in Elk Grove, Natomas, Roseville and Lincoln. Call Elizabeth Weintraub at 916.233.6759. Put our combined 80 years of real estate experience to work for you. Broker-Associate at RE/MAX Gold. DRE License # 00697006.

Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.The views expressed herein are Weintraub's personal views and do not reflect the views of RE/MAX Gold. Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice; it could blow up, explode or vanish. To find out the present status of any listing, please go to elizabethweintraub.com.

Comments(11)

Debra Gambill
Weichert Realtor's Southern Coast - North Myrtle Beach, SC
Realtor, N.C. / S.C
Now that is what I would call a home with defects--lol---good post.
Feb 07, 2008 02:27 AM
Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!

Elizabeth

That home needs work. Seller disclosure a must on that one.

Great post.

Sincerely

Tom

Feb 07, 2008 04:31 AM
Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth
Elizabeth, in our area houses with deferred maintenance DON'T sell unless you want 60 cents on the dollar. Too much other inventory to choose from.
Feb 07, 2008 05:18 AM
Denise Allen
Resh Realty Group - Chesapeake, VA
Realtor@ Chesapeake, Hampton Roads
Seen that before.  Sold a home to a guy that had deferred maintenance and when he sold it five years later the same deferred maintenance was there plus his five years.
Feb 07, 2008 05:31 AM
Latonia Parks
Top Bragg Realty, Fayetteville NC, Home of the 82d ABN DIV - Fayetteville, NC
Certified Military Relocation Expert
I am glad we have that "No Photo Available" to put in the place of a photo.  It would make buyers run to see some of the things we have to see.
Feb 07, 2008 05:41 AM
Hank Roeters
Platinum Partners Realtors - Darien, IL
Isn't there a saying about the right price overcoming any problem. The sellers don't seem to want that price, but sometimes it's the only way to get it sold. 
Feb 07, 2008 05:54 AM
Kevin McGrath
Long & Foster Real Estate Companies- Fredericksburg/Spotsylvania - Fredericksburg, VA
Long & Foster Real Estate Companies
Your point that owners have lived with defects for so long is so true. If I stop and look around my own home I can see the same thing. In the blur of day to day life we just seem to look past it.
Feb 07, 2008 07:47 AM
Jesse Clifton
Jesse Clifton & Associates - Fairbanks, AK

We see that situation a lot in the pipeline era homes here... buyers have a grand list of changes to be made that simply never get done.  The perpetual honey-do list that's just never tackled.  In a soft market that deferred maintenance will likely be a major issue. 

Feb 07, 2008 09:31 AM
Lance Winslow
The Car Wash Guy - Malibu, CA
I sure loved your picture there, indeed that is one heck of a defect indeed. It is not so easy selling things with defects, but, then nothing is ever really perfect, and a defect to one person, maybe a selling point due to orginality. Lance
Feb 07, 2008 05:46 PM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel
There are people who look to buy homes that need work if they can buy it at a good price. Good post.
Feb 07, 2008 10:48 PM
Todd Clark - Retired
eXp Realty LLC - Tigard, OR
Principle Broker Oregon
Great advice, but is that picture really considered a defect, I think I would notice a home from Kansas sitting on my car - lol

Feb 16, 2008 05:53 AM