From my Things to Considerseries, here's one to give some thought to...Kimo says, " Don't let the To Do list do You in. Most sellers would opt to wait for a buyer with an offer before initiating an inspection. However, as is sometimes the case, an unknown issue can arise as the result of the inspection that might encourage the would be buyers to contractually back out; even when the terms are 'as is'. "

Via Kimo Stowell (Home Staging & Interiors JDS Consulting):

 

Don't let the To Do list do You in. Most sellers would opt to wait for a buyer with an offer before initiating an inspection. However, as is sometimes the case, an unknown issue can arise as the result of the inspection that might encourage the would be buyers to contractually back out; even when the terms are 'as is'.

There are a number of unseen issues that might scare off potential buyers that an inspection might reveal: roofing, electrical, mold, plumbing, and foundation issues are some of the biggest unseen nightmares that can tank a deal. The old adage ' an once of prevention is worth a pound of cure' certainly applies here.

 

Spend the money to get an inspection before putting the house on the market, especially if it's an older home. You don't want to lose a deal because of something you could have fixed in advance. I needn't remind anyone that losing a buyer in this market can be extremely costly on many levels.

 

 

 

 

 

With the unknown issues set aside, as the home owner, one is usually acutely aware of the dead electrical outlets in the bedroom or the poorly patched water damaged hole in the family room ceiling or the missing paving stones in the back lanai. What you might not be aware of is how quickly a buyer can go from positive to perturbed when faced with a list of work required of them should they decide to buy. Buyers have lots to choose from these days and have little tolerance for lengthy To Do lists.

 

Address what you know needs work first, hire those who can do the job if you can't, and pay attention to the details. It's where the sale is.  

Visit us at: www.RealEstateDesignOnLine.com

Kimo Stowell Copyright ©2009

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Posted by J&J THE NARRIN TEAM ASHEVILLE 1031 on 01/05/2009 07:07 PM   Comments (0)  
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