Real Estate Information |
|
Should Sellers Order a Pre-sale Home Inspection?
One of the main reasons home sale transactions fall apart is inspections. This happens when something unanticipated is discovered during the buyers' inspections of the property, and the buyers and sellers can't agree on a remedy. For example, the sale of a four-year-old, multi-million dollar property in Northern San Diego County recently fell apart because of an inspection. A team of inspectors were brought in by the buyer to report on the property's condition. The roof inspector said that the roof needed $450,000 worth of work. Not surprisingly, the buyer immediately backed out of the deal. The sellers are suing the roofer who inspected the roof. Other roofing experts agreed that the roof had some problems; it had been improperly installed. However, their repair estimates were all a fraction of the "deal-killing" bid. The judge might grant the sellers a judgment against the roof inspector. But, this will provide little satisfaction because the sellers are still searching for another buyer. Would the sellers have been better off ordering a home inspection before they marketed their home for sale? Undoubtedly, they would have. (A home inspection is a comprehensive inspection of the home and all its major systems and components.) The seller's inspector would have called attention to problems with the roof. The sellers could have consulted roofers before marketing their home to get estimates for repairs. Then, they could have marketed the home, disclosing that the roof needed work, along with the repair estimates. Or, they could have had the repair work done before the house was listed for sale. There's a lot of psychology involved in a home sale. Buyers who are aware of a problem up-front can process this information before making an offer. They can factor the cost into their bid, or ask the sellers to take care of the problem. Buyers often have mixed feelings of excitement and trepidation when they enter into an agreement to buy a home. The impact of an unexpected "bad" report can destroy their excitement and enhance their fear to the point that they want nothing to do with the property. First-Time Tip: Sellers who decide that a pre-sale home inspection is the way to go should ask their agent for the names of several home inspectors who are well-known and respected in the local real estate community. Interview these inspectors until you find one who you think will give you a thorough and accurate inspection. For example, if you are selling an older home, use an inspector who has a lot of experience inspecting older homes. Most states, except Texas, don't license home inspectors. Make sure that the inspector you use is a member of ASHI (American Society of Home Inspectors), or a similar trade organization. ASHI has strict membership criteria, based on experience. Your home inspector should be a licensed contractor, engineer, or architect. One reason for using an inspector who has a good local reputation, and name recognition, is that you want the buyers, and their agent, to feel comfortable with your inspector. This will add credibility to your report. Your agent should make the report available to buyers to review before they make an offer. Make sure that your home inspector will agree to return to the property with the buyers to review the inspection report with them. Also, encourage the buyers to have their own inspector look at the property. For More Information on Selling your home quickly visithttp://www.webuyhouseshome.com Unlike other so called We Buy Houses websites, Rescue Real Estate gives you every available option for selling your home. Simply complete our short 1 page form, and get anonymous online access to our team of specially trained REALTORS®. Then, in as little as 48 hours, you will begin to receive offers to purchase your home from our nationwide network of real estate investors. Click Here to sell your home quickly and compare agents.
MORE RESOURCES: How real estate commission changes could affect buyers and sellers The Washington Post Judge Approves $418 Million Settlement That Will Change Real Estate Commissions - The New York Times Real estate experts share a message for home buyers as they predict rising home prices through 2025 Fox Business The Folly of China's Real-Estate Boom Was Easy to See, but No One Wanted to Stop It The Wall Street Journal Agencies' headquarters in DC remained 'nearly empty' in 2023, real-estate board finds Federal News Network $5 billion real estate firm St. John Properties opens office in Plano The Dallas Morning News Top 23 real estate apps for agents in 2024 HousingWire The East End Real Estate Market Report: 1Q 2024 Corcoran Inhabit Just $5.4B in U.S. Office Real Estate Sales in Q1: Report Commercial Observer Blackstone's Beleaguered Real-Estate Fund Stems Exodus The Wall Street Journal Public records: Muskingum County, Ohio, real estate transfers Zanesville Times Recorder A Recent Settlement Could Change the Way Real Estate Agents Are Paid Milwaukee Magazine Inked: Recent LI real estate deals Long Island Business News Danielle Lombardo Appointed as Chair of Real Estate, Hospitality, and Leisure Division at WTW - Risk & Insurance Workers Comp Forum Collins: The changes in the real estate industry you need to know - San José Spotlight San José Spotlight Homes for Sale in Manhattan and Queens The New York Times New national real estate scholarship goes to local youth ECB Publishing The Top 3 Real Estate Stocks to Buy in April 2024 InvestorPlace real estate market and insurance Sacramento Appraisal Blog Reversing the Real-Estate Doom Loop Is Possible. Just Look at Detroit. The Wall Street Journal Law Firm Real Estate Report Law360 Real Estate Transactions: April 26, 2024 The Recorder Real Estate Roundup: 'The Cove' in Hume sells for nearly $19M and more Fauquier County transactions Fauquier Now 9 Ways Rich Real Estate Owners Save Big on Estate Taxes Business Insider Real Estate Group Plans Anti-Transfer Tax Campaign Banker & Tradesman Home in Silver Hills North an oasis in Prattville | REAL ESTATE Montgomery Advertiser Yo La Tengo, Real Estate and more to perform at Woodsist Festival in Accord in September The Daily Freeman Real Estate Minute – 04-25-2024 KFDX - Texomashomepage.com @properties Christie's International Real Estate Taps Industry Leader to Expand in Fort Worth - CandysDirt.com CandysDirt.com New Mexico SIC commits $250m to real estate funds IPE Real Assets JWB Real Estate Companies Announced 2024 Home Giveaway FirstCoastNews.com WTLV-WJXX Florida & Texas Housing Market Slowdown: Prices Stall as Inventory Piles Up Norada Real Estate Investments Top residential real estate sales for April 8-12 in Sarasota, Siesta Key, Palmer Ranch, Osprey, Nokomis Your Observer Anywhere Real Estate Inc. (HOUS) Reports Q1 2024 Financial Results Amidst Market Challenges Yahoo Finance Homes for Sale in New York and Connecticut The New York Times 200 Housing Markets Are Predicted for Price Decline: Zillow's Report Norada Real Estate Investments Business Brief: Local Agents Honored by Weichert Real Estate Affiliates, Inc. for outstanding performance The Commercial Dispatch Century 21 Four Seasons Realty expands commercial real estate services Bonner County Daily Bee Real Estate Development Firm Seeking Community Input For Honey Creek Road Property in Rockdale County News-Daily.com First-ever rural-focused Real Estate Development Boot Camp aimed at emerging housing developers Second Wave Michigan Prominent Properties Sotheby's International Chatham Borough and Chatham Township Real Estate Report TAPinto.net Rockford Shocks Nation: Now America's Hottest Housing Market Norada Real Estate Investments Real Estate Development Firm Seeking Community Input For Honey Creek Road Property in Rockdale County Rockdale Newton Citizen Top Transfers: 65,000 sq. ft. Dublin property sells for $7.85 million The Columbus Dispatch Milwaukee Tool's downtown office named Milwaukee Business Journal's Real Estate Awards Project of the Year ... The Business Journals Rockford Is Now America's Top Housing Market After an Improbable Turnaround The Wall Street Journal Final Offer Launches in Canada Bringing Transparency to the Canadian Real Estate Market Yahoo Finance Real estate transfers GoDanRiver.com Pro boxer Caleb Truax retiring to become Twin Cities real estate agent - Minneapolis / St. Paul Business Journal The Business Journals Nearly 30% of $32M project by N.C. A&T Real Estate Foundation, Cone Health already paid for through tax credits ... The Business Journals Manhattan Real Estate Update: "Embrace the Boredom" westsiderag.com Middlesex County Real Estate Market Shows Robust Growth Amid Favorable Economic Conditions TAPinto.net Pending Home Sales Ascended 3.4% in March National Association of REALTORS® As RREAF CEO Kip Sowden weighs future, son Graham waits his turn The Dallas Morning News Seattle DJC.com local business news and data - Real Estate - Developer sought for 100-plus Bainbridge Island units Seattle Daily Journal of Commerce The Analyst Landscape: 5 Takes On Alexandria Real Estate - Alexandria Real Estate (NYSE:ARE) Benzinga |
RELATED ARTICLES
Buying Land For Development Requires Careful Planning and Execution From the desk of Colm Dillon .. Four Reasons To Offer Seller Financing An example of seller financing: Years ago I bought a rental property, and nine months later sold it for 15% more, without fixing or improving a thing. The easy terms are what sold it. Follow-Up - The Key To Successful Closings If everyone always did everything they said they'd do, we'd all be a lot richer. Unfortunately, tasks are overlooked, and the ball is often dropped. Water, Water Everywhere on the Waterfront Waterfront living is among the most desirable of locations in our area (Florida). The views and vistas are fantastic, not to mention the ability to walk out one's door to drop a line to fish or untie a line to enjoy boating. Selling a Home - What Personal Property Stays? The home selling and buying process can be confusing, particularly when it comes to figuring out what items stay with the home. This is especially true when it is a FSBO (for sale by owner) operation. Real Estate Investors - Red Alert How's the real estate marketing doing? Is the huge jump in home prices that is evident in some areas symptoms of a value bubble? Good questions, yes?Two things to keep in mind when surveying the market:1. All real estate is local,2. Why Move to the Poconos? Awaken to the sounds of softly rustling trees and tranquil gurgling streams. Stroll along quiet lush wooded mountain trails. Rental Property Management - Ten Questions Why hire rental property management? Because doing it all yourself is the surest way to make your real estate investment experience a bitter one. You also have more time to find the next deal when there is someone taking care of the details for you. Kings Bay, Saint Marys and Kingsland Georgia Real Estate - Mortgage Lenders When looking for a home, it is important to first get pre-qualified with a mortgage company before you search for a home. This is the first step in making buying a home a no-nonsense experience. Reprint Rights and How To Use Them To Generate A Steady Income I can't emphasize enough how important it is to have a step by step guide for sellers and tenant buyers. However, many of you are missing out on other income streams that these step by step guides can generate. Home Owners: Disclose the Facts! One of the most common causes for disputes occurring after the sale of a home arise from the buyer finding defects in the property, defects which were not disclosed to him by the owner before the sale of the property. If you are the owner of a home that you are looking to sell, please be aware that you may be held liable for not disclosing any known defects in your home. How To Sell A Home That Didnt Sell If your home has just come off the market and hasn't sold, don't be discouraged. The reason it didn't sell may have nothing to do with your home. Real Estate Investors Kick Away $1,000 Those new to real estate investing often fail to take actionbecause they don't have much cash. The truth is that thevery best investors got their start when they had little orno money. Home Staging Strategies Who are you preparing your home to sell to?You, as a home seller, have two initial choices.1. Real Estate: Choose a Realtor You Can Trust Today's volatile real estate market involves complex laws and fluctuating financial conditions. Maybe you've outgrown your first home; maybe you're in the process of turning over your fourth. Don't Just be a Real Estate Agent, be a Professional! Buyer Broker Agreement? What's that? Most agents don't ask their potential buyers to sign anything. It is too?well?you know?uncomfortable. Basic Tips for First Time Home Buyers Choosing a first home can be a daunting task, but following a few key steps makes it a lot less confusing.An essential part of the process for every home buyer is to simply do the math. Selling Your Home? A Warning About Attachments Before you list you home for sale, determine what you don't want to leave behind.Our friends sold their home for full price and moved out a few days before closing. Property Types A, B, C And D One of the biggest problems individuals just starting out have is the type of property they look for, and working outside their immediate area. One of the constants around the country and for every state, is that there are the most desirable areas to live and the least desirable; and then those that fall in between. Questions Investors Should Ask When Buying and Selling Investment Property If you're a real estate investor, here are several questions to consider when looking at investment properties. Providing sound answers to these questions will greatly increase your profits:Why do homeowners sell for bargain prices?There are many factors that can prevent owners from being able to maintain their homes. |
home | site map |
© 2006 TIGER MEDIA |