Why You May Need To Put On A New Roof When Selling Mountain View Home

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Real Estate Agent with eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales B.R.E. 01191194
https://activerain.com/droplet/48fF

The market is hot in Mountain View, inventory is down to almost nothing, homes get multiple offers, and Mountain View home sellers are in the driver's seat. So Does this mean it is ok to just put a home on the market in any condition and you will get offers 20-30% over list price? Unfortunately not always. 

While it is true that there is a lot of cash out in the world, assuming that you will have multiple excellent cash offers to chose from when selling your Mountain View home is not always the case. I recently listed a home that had 12 offers, and not one was all cash.

Very often cash offers are not the best offers. Many investors as well as end users feel if they are going to pay cash they want something back, that is a lower price.

A financed offer may be the best or sometimes only offer you get when selling your home in Mountain View, so your home needs to get through the appraisal process as well as underwriting.  This means more than just being worth what the buyer offers. It also means that there can not be obvious health and safety issues.

selling a home in mountain view

So while an appraiser will not know if your bathroom shower pan is leaking, they do look at and take pictures of the house. If the roof on the Mountain View home you are selling looks like this, a buyer will not get a loan. I once had a client who was buying a Bank of America foreclosure using Bank of America for their lender. The appraisal came back saying that Bank of America would not lend on the home that Bank of America owned because the roof needed replacing. We managed to get Bank of America to put a new roof on. If that can happen on a foreclosed home, if should happen on the Mountain View home you are selling.

selling a mountain view home

The basic concept here that unless the home you are selling in Mountain View is really not livable it is best to appeal to as wide a group of people as possible. This means that the home must have a roof that looks like it will make it through a rain storm and not collapse in a little wind. It does not have to be new, but if it is obviously failing then it should be replaced before going on the market.

If you have any questions about selling a home in Mountain View please feel free to contact me.

Marcy Moyer

Keller Williams Realty Palo Alto

www.marcymoyer.com

marcy@marcymoyer.com

Cal BRE 01191194

650-619-9285

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Marcy Moyer eXp Realty of California  Specializing in Probate and Trust Sales, and Rental Investment Properties

 

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Rainer
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Andrew Payne Realtor® Richmond VA Homes For Sale~804-938-5257~
Piedmont Real Estate - Richmond, VA
Richmond, VA, Real Estate, SRES®, NAR Green

Marcy,

Those photos you posted tell a lot.  Home inspectors also will inspect the roof to make sure it's safe and not leaking.  Thanks for sharing!

Dec 16, 2013 11:19 PM #1
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Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Marcy, on top of thatI homeowners insurance will require a certain number of years od life left in the roof.  Without a good roof, no insurance, without insurance, no mortgage, no deal.  Homeowners end up selling at steep discounts if they cannot or will not take care of these issues.

Dec 27, 2013 08:54 AM #2
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Marcy Moyer
eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales - Mountain View, CA
Probate, Trust, and Investment Specialist

Thanks Silvia!

Dec 27, 2013 10:26 AM #3
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Marcy Moyer

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