Posted on
December 12, 2024
by
Harpreet Christie
Did you know that a staggering 37% of home purchases fall through due to repair issues? (Source: National Association of Realtors)
Don't let your home sale become one of these statistics! It can be endlessly frustrating for sellers to spend time and money preparing their homes for sale, only to have a deal fall through because of unforeseen repairs.
Luckily, this situation can be easily avoided by doing a pre-listing inspection. This is a wise investment that can save you time, money, and stress. By getting a pre-listing inspection, you can catch any hidden problems that could doom a purchase contract and avoid surprises when the buyers do their inspection.
With the results of your pre-listing inspection, you’ll be able to address repairs proactively and get them taken care of before listing. This can also help you price your home accurately and generate more buyer demand.
But what if your pre-listing inspection report turns up several problems and you don’t know where to start? Prioritize repairs that will have the biggest impact on your home's value and appeal. Take a look at these factors when deciding which repairs to make:
Safety Issues: Address any safety hazards, such as faulty wiring or gas leaks, before anything else.
Structural Issues: Fix any structural problems, like foundation cracks or roof leaks. If the issue is extensive or far-reaching, work with your real estate agent to decide your next steps.
Cosmetic Issues: Repair any obvious cosmetic flaws, such as chipped paint or outdated fixtures.
Remember, honesty and transparency are key to a successful home sale. Disclosing any known issues will help you build trust with buyers and ensure a smoother closing process. By being upfront about the condition of your home and remaining repairs, you can avoid future complications and potential lawsuits.
Want to learn more about preparing your home for sale? Feel free to reach out to me anytime 780-205-7653.
