Imagine you are the buyer looking at your home. What do you think needs repair? If there are items that need fixing, buyers may take the repair costs off the price they offer for the home. And they often inflate these costs.
If the lender requires the repairs to be made to the property as a condition of the loan, you, the seller, may pay for the repairs twice: first in a lower sale price and second in the out-of-pocket cost of the repairs themselves.
The most common areas of concern are the roof, gutters, and downspouts. Repair of missing or peeling exterior paint may also be a condition of the loan.
The following are simple repairs that make a huge difference in marketability and sale price:
* Replace washers in leaking faucets
* Fix handrails and repair steps
* Replace light bulbs and fixtures where necessary
* Make sure windows open and close
* Eliminate earth-to-wood contact around the house
* Replace loose or damaged tile or vinyl
Taking care of necessary repairs before putting your house on the market is important to yielding top dollar and ensuring a quick, hassle-free sale. I'd be happy to come by and make some recommendations on how to create an inviting atmosphere. Homes that convey pride of ownership frequently receive the best offers.
Please call or email us if we can answer any questions or help you get top dollar when you are ready to sell.
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