Sellers: Beware of the Cost of Deferred Maintence

By
Real Estate Agent with Long and Foster Real Estate, Richmond Virginia 022 600 969 6 Virginia

Buyers expect a home to be in good shape. Replacing the roof and painting, replacing the HVAC are not value added in a buyers market. They are expected!

If a seller neglects their home, and  decides to sell; they will be hard pressed to recoup these costs in a higher sales price.  

Buyers are looking for homes than have been maintained during ownership, and value those homes more than quickly fixed up homes for resale. 

Many home repairs, if not made promptly, will cause other problems.

Leaky roof may  cause  the sheathing to be replaced, as well as mold and drywall issues.

Uncleaned and unmaintained gutters may case water to back up  and ruin the wood trims around the house.

Plumbing leaks under the house again cause mold.

Not changing air filters cause the HVAC units to work harder and less efficiently and shorten life span.

Caulking in baths and under toilets,not kept up  can cause replacement of  bath flooring.

Fireplaces not cleaned can cause overheating and crack and are very expensive to repair.

Clean, clean, clean. Windows, baths, closets, kitchen, light fixtures, attic, yard, garage. Even clean older worn carpets.  Put the brightest light bulbs the fixtures will allow in all sockets.

Why is it  people are more aware of changing the oil in their car, than keeping up with maintenance of the biggest investment they own.

Sellers need to consider a pre-sale inspection and offer it to the buyers prior to a contract. Leave it in a note book on the table with the listing information. This easy access can put buyers at ease and more apt to write a contract if everything has been disclosed and repaired.

Leave the major renovations to the buyer, but offer them a solid and well kept home.

"Remember do unto others as you would have them do unto you." (Most sellers are buying a home too)

Wanda Fears ABR GRI CRS

Long and Foster Realtors

email:wanda@wandafears.com


www.wandafears.com

Richmond, Virginia

804-909-2777

 

 

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WandaFears, Realtor ABR CRS GRI WCR

Richmond, Va. Long and Foster Realtors

www.wandafears.com
wanda@wandafears.com


804-909-2777

www.facebook.com/wandafears

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Jim Crawford
RE/MAX Paramount Properties - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Procrastination is the right road to hell.  A day at a time depression can even set in when a person does not take care of themselves or their personal belongings.

Jun 26, 2008 03:36 AM #1
Rainer
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Scott Wharton
HouseMaster Home Inspections - Richmond, VA
Home Inspector - Richmond

You are so right about sellers needing to consider Pre-Inspection to build more trust and create ease for a potential buyer.  The follow link is a presentation of our Pre-Inspection program and how it can also be used as a marketing tool to promote a listing to sell faster while preserving the listing price.  Please take a look, I would like to hear your thoughts and opinions on it.   Thanks!

   www.gotomyvideo.com/Housemaster-Pre-Inspection-v3/player.html

Sep 04, 2008 03:59 PM #2
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Wanda Fears

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