Why Sellers Need to Make Repairs Before They List

Why Sellers Need to Make Repairs Before They List Their Home.

If you're thinking of selling your home you want to make sure first that everything is in good working order such as the air conditioning unit.

What could be a smart investment is to hire a professional home inspector so that you have a complete list of what repairs will be needed especially on an older home. You can be sure that the person who buys your home will hire their own home inspector.

So with this in mind it's important that you beat them to the punch. Why? Deals have been lost because of one little thing the buyers asks the sellers to fix and the sellers refuse to repair the item and the deal can be over just like that.

It's important to make all the necessary repairs before you put the home on the market. When a deal dies because everyone is not in agreement it becomes frustrating for all and a time waster especially for the seller. The time wasted doesn't matter to the buyers as much as to the sellers. Why? Because homes usually get the asking price and sometimes above asking in the first few weeks when the home is fresh on the market. If you put a lot of effort in preparing your home to look it's best and you waste three weeks in contract then have to cancel the deal, your home appears to be on the market longer resulting in day old bread and no one wants stale bread unless they can get a discount. You don't want this experience so it's important to make the repairs before you put your home on the market.

The goal of getting everything repaired and in good working order is so that you don't leave any room to negotiate with the buyers.

Other thing to consider: If there are items requested to repair from the buyers it could cost you more because of having to get someone to take care of it right away or at the last minute. It's usually a 30 day closing period and that time flies by quickly. If you have time before an offer comes in you can fix it yourself or shop around and get the best price for the job. Also if you don't want to make any repairs the buyers might ask for a credit which will also make the seller lose more money at the closing table.

So the bottom line is to make the repairs before listing your home. You will make more money and have a easier closing.