Over the years my (your) clients have stated to me I have a $500.00 repair allowance. This amount appears to be the normal negotiated amount in my area by both the listing and selling agent or buyer- seller.
In my opinion only, this amount is generally acceptable in most cases for homes that are less than 5 years old.
The reason I bring this up is: The first question I ask my future clients is this, HOW OLD IS THE HOME? The reason I ask this question is simple because after inspecting over 2000 homes I have a good overall ideal what my day is going to be like.
If they tell me 10 years old, my "light bulb" tells me roof and foundation drainage concerns which will blow the "Ole" $500.00 repair allowance out of the water by at least $1000.00 in many cases.
My point is this. In my opinion again, if you are listing a home and want the smoothest transaction as possible, prepare your clients for the Home Inspection in advance when the home they are selling is over 5 years old.
The next time you list a home that is over 5 years old, ask your client these 5 questions:
1.) Have you had any roof repairs done?
2.) Have you had any drainage or foundation repairs made?
3.) Have you painted or caulked your home since you have owned it if so how long ago?
4.) Have you had any hot water heater or heating and air repairs done or servicing done?
5.) Are you aware of any repairs that are needed?
If they say NO or I don't know to any of these questions, be willing to go $2000.00 on the "Ole" repair allowance and alert your client to this for the smoothest transaction as possible.
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