WHAT IS DEFERRED MAINTENANCE?

By
Real Estate Broker/Owner with got agent? MD 636504

I showed a home today in Montgomery County, MD and the moment I stepped on to the front stoop, I knew there was going to be a lot of deferred maintenance on the home.  I pointed to all of the wood rot around the door and my clients nodded letting me know that they saw it.  Not only was the home in very poor condition, but it showed terribly.  Yes, it's a hot sellers market now, but buyers really need to be aware of what they might be heading in to when they buy a home that's been neglected.

 

And, the best way to avoid as many problems as possible, is to have the home inspected by a solid home inspection company.  My recommendation is Prime Property Inspectors - Building Inspector of America at http://www.gethomeinspector.com/ .  They cover most of the DC Metro area and they've never let me or my buyer clients down.

 

Last piece of advice: walk away from the home rather than relinquishing your home inspection contingency.  I know that many buyers are removing some of their standard contingencies just to be competitive in this market.  And I'm sure there are exceptions where it might be ok to remove a home inspection, but for the most part, at a minimum, buyers need to know what they're buying.  

Instead of removing the home inspection contingency, you could have your agent check with the seller side to see if they're open to a home inspection before you write an offer.

 

I'm a seasoned real estate broker in MD, DC and VA and can help with any of your real estate needs.  Call me at 240-234-1000 with any questions.

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Comments (5)

Richard Weeks
Dallas, TX
REALTOR®, Broker

Great information, thanks for sharing.  I hope you have a great day.

Feb 13, 2021 02:22 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Jamie, it is true, if you see deferred maintenance before stepping into the home, it probably will need lots of work.

Feb 13, 2021 06:33 AM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Deferred maintenance isn’t always the best thing but you can work out strategize correctly sometimes but it’s not automatic in my book. It’s a tricky thing to navigate

Feb 13, 2021 01:52 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Joan Cox I feel like you have to be in into a fun project or you have to be a builder yourself or a serious hobbyist.

Feb 13, 2021 01:53 PM
Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

Good info.....thanks for sharing and have a wonderful Sunday!

Apr 04, 2021 07:42 AM

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