Can minor repairs wait until later?

By
Real Estate Agent with Aacer Realty BRE# 01009299

 

When selling a home minor repairs make the house more marketable, allowing the seller to maximize their return (or minimize loss) on the sale.

By and large, Buyers are looking for an inviting home in move-in condition. Buyers who are willing to tackle the repairs after moving in automatically subtract the cost of needed fix-ups from the price they offer. Sellers save nothing by putting off these items, and may likely slow the sale of their home. Sometimes even substantially reducing the price of the house.

Examples of minor repairs:

 

  • Paint
  • Caulking
  • Lighting
  • Plumbing Repairs (leaky faucets)
  • New toilet seats and shower curtains
  • Tile and grouting 

 

If you're on a tight budget either do the repairs yourself or there are contractors that will work on a deferred fee bases.  The contractractor can send their invoices to escrow and get paid at closing. 

The key is to do the repairs that are the most advantegeous. These repairs can't wait until after your house on the market. 

 

Comments (31)

Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Good morning, Sammy Shrimali minor repairs are always most important.... the eye seems to catch those minor issues first!!!

Jun 16, 2016 08:50 PM
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

and welcome to ActiveRain....it's a great place to learn, share, market and network.....and I hope you enjoy it and benefit from all of it....

Jun 16, 2016 08:50 PM
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Yes - but - in the long run - will be very costly - more so than fixing them up front!

Jun 16, 2016 10:39 PM
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

and Welcome to Active Rain Sammy Shrimali  - as REALTORS® who have been here for almost 10 years, it's well worth it!

 

Jun 16, 2016 10:39 PM
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Sammy,

Welcome to Active Rain.

That is a great topic for your first blog on Active Rain.

A seller willingness and enthusiasm to 'get the house ready' portends what lies ahead.

We all remember. We were there. The screen filled with letters and sighing, "Here goes nothing," and clicking that publish button. It does take courage and we all celebrate you demonstrated to courage to become a part of the community.

Here on Active Rain you will find a community much like yourself, willing to share information and in some cases to present ideas and see if the bounce or fall flat. This place is as fun as you make it.

So, let me encourage you to relax, be your genuine self, and have some fun.

Magic happens when you play in the rain.

Umbrella optional.
Best of success,
Annette

Jun 16, 2016 11:08 PM
Sammy Shrimali

Thanks Annett for the encouragement.  It's fun getting wet with the Rainers.  I feel like a kid all over again.  

Jun 17, 2016 01:26 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Sammy and welcome to the rain where we all help each other and learn from each other.

Jun 17, 2016 12:28 AM
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

Sammy Shrimali, Welcome to Active Rain and congrats on your first blog post. Best wishes with your business. I totally agree with you about minor repairs.

Jun 17, 2016 03:59 AM
Mimi Foster
Falcon Property Solutions - Colorado Springs, CO
Voted Colorado Springs Best Realtor

Welcome to ActiveRain and congratulations on your first blog post. Don't hesitate to ask if you have any questions.

Jun 17, 2016 11:03 AM
Sammy Shrimali

Thanks Mimi.  I appreciate your offer.  I may take you up on your offer one of these days. 

Jun 20, 2016 06:49 AM
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

If I see something beginning to act up, I get or have the parts ready. Never wait til a major breakdown occurs.

Jun 17, 2016 12:43 PM
Sammy Shrimali

So true Sam. 

Jun 20, 2016 06:49 AM
Robert Vegas Bob Swetz
Las Vegas, NV

Hello Sammy

Congrats on your first post to the ActiveRain network and welcome.

Jun 17, 2016 02:06 PM
Wayne Zuhl
Remax First Realty II - Cranford, NJ
The Last Name You'll Ever Need in Real Estate

Good morning Sammy and welcome to Active Rain! Great first blog post!

Jun 17, 2016 10:48 PM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Sammy. Great job with your post, you handled the information very well.

Welcome to Activerain.

Jun 18, 2016 01:06 AM
Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

Congratulations on your first blog. Deferred maintenance usually costs much more  than if they are taken cared of from the very beginning.

Looking forward to reading your future posts.

Jun 18, 2016 06:10 AM
Harry F. D'Elia III
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

I would say water leaks must be repaired immediately before they cause more damage.

Jun 19, 2016 12:52 AM
Sammy Shrimali

So true Harry.  Water leaks are the worst if you let them go and don't attend to them right away.  Water causes a great deal of damage and end up costing more money in the end. 

Jun 20, 2016 06:52 AM
Lesley Wilson-VanGoethem
Innovative Realty Solutions Group - Winter Springs, FL
Residential Real Estate Broker Associate

Welcome to Active Rain, Sammy! Great blog , and sooo true. A little investment ahead does indeed help in the end. The other thing that sellers should consider, that once under contract they may not be able to do the repairs themselves costing even more!

Jun 19, 2016 12:54 AM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Welcome to ActiveRain Sammy Shrimali .

This is The Best place to learn, share and build relationships with like-minded professionals.

Jun 19, 2016 03:46 PM
Sammy Shrimali

Thanks Praful.  


Relationships is what life is all about. 

Jun 20, 2016 06:53 AM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Exactly - the key is to address these repairs as soon as possible!

Jun 19, 2016 03:47 PM
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Hi Sammy,
Good topic.  Minor repairs can make a big difference.  Almost everyone has a handyman friend who'd more than likely be willing to help with minor stuff.

Blogging is a great way to let people know who you are, what you do, and how great you are at doing it.  It is the least expensive, most cost effective, way to let prospects know you are the local resource in your market area.  

Welcome to the world of Active Rain blogging.  It is an extremely valuable platform to connect with other agents and potential clients.  If you haven't already done so, may I recommend you check out the "Resources" section and click on "Getting Started"?   

Jun 20, 2016 07:50 AM
Mery Fernandez Empire Network Realty Luxury Brokerage
Empire Network Realty INC. - Orlando, FL
The Rise of An Empire, Let's Build Yours!

Hi Sammy! Welcome to the world of Activerain, may your blogging  create a whole new chapter in your Real Estate Career.

Jun 22, 2016 12:27 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Sammy, what a great post, and some of those minor fixes should be done if at all possible, as buyers sure discount the home if they think THEY have to do it!  Welcome to ActiveRain.

Jun 04, 2017 02:55 PM