What state of repair is your home in? Do you have a repair list a mile long that time will not allow you to get to? Or do you just not have a clue? Simple inexpensive repairs that are left unattended can be a huge profit killers. Every year, simple inexpensive repairs cost home sellers thousands of dollars. We don't want that to happen to you.
If potential buyers start to notice small problems within your home, they may want you to replace the item vs. repair it. This will cause you the seller to spend additional dollars on replacement when a repair would of been just as effective. If we can identify problem area's before the buyer does, you can have it repaired. This will save you money and may even cause offers to come in quicker than they would with out the repairs being done. You get to deal with the issues on your own terms, not the buyers.
Any required repairs that a buyer finds on the property prior to making an offer will not only cost you the seller extra money, but will also reduce a buyer's confidence in the property. They may proceed more cautiously, offer a lower price to allow room in thier budjet pay for those repairs, or not offer at all. Most buyers escalate the estimated cost of the repair beyond what it would really cost at this point because most buyers really have no clue of the actual cost, so they guess and add a contigency. This could definately cost you money.
We often hear buyers say 'That they want the price lowered to cover the cost of these repairs." While that's a definite option, it's not the ideal course of action. Typically the price has to be lowered by more than the cost of the repair, in order to "bribe" the buyer into inheriting the issue. Again, they will want to adjust the price to coverreplacement cost, rather than the repair cost.
By attending to these small repairs, your home value will be more secure and the sale will go more smoothly.
We do reccomend that if you are not able to identify potential problem areas yourself, consider hiring a building inspector to do a presale inspection. The inspector will go through your home and let you know about any potential problem area's that the buyers inspector may find. They will also identify the minor maintenance items that the home may require and this will allow you to attend to these issues before they become problems.
The buyer for your home will most likely have a building inspection done. By doing a presale inspection ahead of time, we can eliminate most of the issues that may arise from their building inspection... further securing the sale ahead of time.
Having a presale inspection done and leaving it out for a buyer to see also shows the buyer that you have confidence in your home. So, they should too!
In today's very competetive market place the cost of this inspection and attending to small repairs could very likely make the difference between a potential buyer making an offer on your, or not!
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