Inspection Before Listing My Home? Ask the Realtor in Ashtabula County. Jackie Stewart, Miller Realty

Ask the Realtor: Should I have a home inspection before I put my home on the market?
Knowing what you’re in for when it comes to selling a house is always better than getting a nasty surprise down the line. In the event you find repairs that need to be made, they can be done in a reasonable time frame.
The pre-listing inspection is also useful in situations down the line when you suspect the buyer’s home inspection reflects wildly inflated estimates for repairs.
Also keep in mind that if you fail to disclose a problem found in the inspection,you could be in big trouble down the line.
You also need to know the difference between maintenance repairs and home upgrades. Buyers have a reasonable expectation that the home has been property maintained. Making necessary maintenance repairs doesn’t mean that you can up the price on the listing. You can’t cover the cost of your new roof by pumping the sale price. You might be able to use it as an effective marketing point over other listings in the area, but it’s not a fabulous kitchen renovation!
If you don’t want to make the repairs, understand that not making repairs can have a disproportionately negative impact on your sale price. For example, if you want to dump a $1000 plumbing repair on prospective buyers, the buyers are not going to equate that to $1000 off the asking price. Instead, they’re going to be thinking about the time, inconvenience, and the cost of the repair. A $1000 repair might translate to a $3000 hit to the asking price. Buyers will want to be well-paid to handle a seller’s headache.
There’s a definite benefit to the pre-listing inspection, but it’s important to consider the pros and cons.
If you’re preparing to list your home, lets discuss your options and any concerns you may have!
Contact Jackie Stewart, Miller Realty for ALL your Real Estate needs!
2Like · · Share

Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s