Selling a home is an arduous enough process without worrying about needing repairs. But think of repairs you must, especially if you want to sell your home in a timely manner.
While some buyers do not mind making repairs on a home they love others would prefer to move into a home where they know the home is in good order.
Sell Your Home Faster
Listing a home “as-is” can be a huge turnoff for buyers, especially if there are no pictures to accompany the listing.
While some buyers may say that they don’t mind a “fixer upper” they typically mean a home that only needs light cosmetic repairs such as painting and installing new flooring. It takes a lot of time and dedication to fix up a home in need of repairs and it takes a special buyer to do so.
When a buyer knows that the house has been inspected and major issues repaired (sellers should also get the home independently inspected) they will be more confident in the home and more apt to enter into a purchase agreement with you.
Avoid Legal Claims
Getting your home inspected and repaired before you sell it will also go a long way in helping you avoid legal claims.
Remember that no home is perfect. If a problem with the home is found, don’t panic and be sure to disclose it. If you don’t disclose critical problems and they are discovered later, you could be held responsible for misleading information and legal action taken against you.
Honesty is the best policy and buyers love sellers who are up-front about any problems the home may have. So before listing your home for sale, walk through the home and hire an inspector to inspect the home and locate areas that need improvement, repairs, or replacement:
- Electrical systems
- Interior and exterior walls
If a problem is found with the home, most buyers are willing to work with you to find a solution. This can include renegotiating the home price.