Tips For Seller's To Minimize Buyer's Inspections Killing The Deal

By
Real Estate Agent with Keller Williams Premier

We all know that buyers want their home to be in tip top shape.  There are several things that a home owner can do to insure that little to no issues arise when the buyer does their home inspection.  I encourage you to have the home inspected or in many cities there is the "Truth And Sale" or "Point of Sale" where you are required to have someone come and perform a code compliance inspection when you put your home up for sale.  Here are some common issues for inspections and appraisals:

1.  Electrical Wiring:

        Most problems occur when home owners do their own electrical.  Make sure permits were pulled and closed for electrical work.  If you still have 20-60 amp fuses consider upgrading to a 60-100 amp breaker system.  It will cost about $1500-3000 but is worth it as FHA may call the work order anyways

2.  Roof Issues:

       According to most FHA appraiser's a roof should be able to last at least 2 more years after purchase.  If your roof has rotted, curled, or missing shingles consider replacing or repairing.  If you have more than 2 layers it might not pass appraisals anyways. 

3.  Plumbing:

     Take care of the drips, leaks, and poor flow/drainage now.  Usually simple seals or new pipe tape can fix issues that buyers will assume are much more costly.  If you have old lead or galvanized pipes look at replacing with copper or pex tubing.  This will increase water flow and peace of mind to new buyers without breaking the bank.

4.  Grading and Drainage:

     Everyone's major concern these days is water and mold.  Regardless if you are selling or not make sure you keep those gutters free of debris, downspouts on (should put water at least 6 feet from home) and proper grading so that water will not go towards home.  There is nothing worse then getting water in a newly finished basement.  Consider a draintile system if the basement is empty.  For about $3-5 per linear foot you can have one installed.  This will give the buyer confidence that even in the heaviest rain their basement has the best odds of staying dry.

5.  Overall Appearance:

    The old saying 1st impressions are everything is true.  Remember you are competing against other homes.  You want to exceed if not be at least even with the competition.  Paint is the cheapest way to spruce up an old room, and make new again.  Paint that peeling paint, replace a few old light fixtures, and remove the wall paper, re-caulk around the tub.  You will make all of it up at closing!

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Rainer
107,364
Jay Lloyd
Cape Coral Florida - Cape Coral, FL
Allpro Home Inspection

Hi Ryan, Great advice. Of course I think everyone should have a home inspection before purchase, but your list gives a good guideline for the Buyer whether he decides to call in an inspector, or just check the major components out themselves.

Apr 07, 2010 01:46 PM #1
Rainmaker
53,867
Ryan Bretzel
Keller Williams Premier - Stillwater, MN

Jay,

I totally agree though this was more geared towards sellers and helping them get their home ready for the market.  Thanks for the comment!

Apr 07, 2010 02:15 PM #2
Rainer
157,179
Tom Boos
Sine & Monaghan Realtors, Real Living - Grosse Pointe Farms, MI
Providing the very best of service to Sellers and

These basic condition issues can and do create problems for Buyers and their mortgage companies, especially FHA-backed mortgages.  Yours and great suggestions for Sellers who really want to sell their homes and make it available to all types of Buyers.

Apr 08, 2010 01:48 AM #3
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Rainmaker
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Ryan Bretzel

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