Diane & Michael Koughan's Blog
A home inspection represents a key stage during the homebuying journey. This inspection enables you to examine a house with a professional property inspector. And if you discover minor or major property issues, you can ask a seller to perform repairs. Or, you may choose to reduce your initial home offer or rescind your proposal.
Ultimately, it pays to be diligent during a home inspection. If you perform an in-depth assessment of a house, you can understand whether this residence is the right choice.
On the other hand, there may be property problems that you identify during a home inspection that you won't ask a seller to repair. These issues may include:
1. Cosmetic Problems
If you ask a home seller to perform cosmetic repairs, the seller may choose to walk away from your homebuying proposal. And if this happens, you could lose your dream house to a rival homebuyer.
There is no need to jeopardize a home sale due to a cracked floor tile, a deck that needs to be stained or other cosmetic problems. Instead, plan to perform cosmetic repairs on your own.
In addition, keep in mind that many cosmetic issues are quick and easy to fix and won't require you to break your budget. This means you likely will have no trouble completing myriad cosmetic repairs after you close on a home.
2. Loose Fixtures
A loose doorknob or light fixture can be frustrating. And as you walk through a house during an inspection, you may feel like repairing a loose fixture is a top priority.
Loose fixtures generally require simple hand tools to repair, and problems with these fixtures frequently can be solved in just minutes. As such, you may want to focus your attention on bigger and potentially more expensive home repairs as you determine which property repair requests to submit to a seller.
Of course, if a loose fixture creates a safety hazard, you should not hesitate to ask the seller to fix this problem. Because if a hazardous fixture remains in place, it may put your health and safety at risk.
3.Non-Functional Light Switch
A non-functional light switch may raise red flags as you inspect a house. But in many instances, this problem is minor.
If you notice a non-functional light switch during a home inspection, there usually is no need to worry. In fact, a property inspector typically can tell you whether a home's electrical system is safe to use and up to code.
For homebuyers who are uncertain about how to proceed with a residence following an inspection, it pays to consult with a real estate agent. This housing market professional can offer expert tips to help you make informed decisions at each stage of the homebuying journey.
Consider your potential property repair requests following a home inspection. By doing so, you can prioritize major property repairs and increase the likelihood that you and the seller can find common ground as you work toward finalizing a purchase agreement.
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If you want to enjoy a fast, profitable home selling experience, it helps to prepare as much as possible. In fact, if you craft a home selling strategy, you should have no trouble achieving your home selling goals.
Now, let's take a look at three tips to help you create a successful home selling strategy.
1. Consider the Buyer's Perspective
Think about how a homebuyer may perceive your house. Then, you can prioritize assorted home improvement projects and incorporate them into your home selling strategy.
For example, if your home's front lawn is messy and cluttered, now may prove to be a good time to hire a professional landscaping company. With support from this company, you can transform a subpar front lawn into a stunning one and bolster your house's curb appeal.
On the other hand, if you find that your home interior needs to be updated, you should perform assorted home interior upgrades. By doing so, you can enhance your house's interior and make it easy for buyers to fall in love with your residence.
2. Assess Your House Both Inside and Out
Ultimately, a home seller's goal is to maximize the profits from his or her home sale. If you include a home inspection as part of your home selling strategy, you can take the necessary steps to upgrade your house prior to listing it.
During a home inspection, a property expert will analyze your residence both inside and out. When the home inspection is finished, the property expert will provide you with an inspection report that details his or her findings.
Review a home inspection report closely. This report contains valuable insights that you can use to enhance your home's exterior and interior. It also may help you discover innovative ways to improve your house's value.
3. Collaborate with a Real Estate Agent
When it comes to crafting a home selling strategy, there is no need to work alone. Luckily, you can hire a real estate agent who can help you put together a successful home selling strategy in no time at all.
A real estate agent will teach you about the real estate market and help you set realistic home selling expectations. In addition, this housing market professional is happy to provide you with expert home selling insights to ensure you can optimize the value of your house.
Moreover, a real estate agent can offer comprehensive support at each stage of the home selling journey. He or she can help you list your house and promote it to the right groups of buyers. Plus, a real estate agent can provide recommendations as you review a home offer and ensure you can make an informed decision about whether to accept, reject or counter a proposal.
If you want to get the best-possible results from the home selling journey, it helps to establish a home selling strategy. Use the aforementioned tips, and you can craft a successful plan to sell your house.
If you want to enjoy a fast, seamless and profitable home selling experience, it helps to be flexible. That way, you won't feel pressure to accept the first homebuying proposal that comes your way. Instead, you can listen to various homebuying offers, consider their pros and cons and choose one that matches or exceeds your expectations.
Unfortunately, the stress associated with selling a house can escalate quickly. And if a home seller is not careful, he or she risks making rash decisions that may lead to subpar results.
When it comes to selling a house, it generally is a good idea to be flexible. Now, let's take a look at three tips to help sellers maintain their flexibility throughout the home selling cycle.
1. Evaluate the Housing Market
The current housing market may favor buyers or sellers. If you want to maximize the profits from your home sale – and maintain your flexibility throughout the home selling journey – you should examine the real estate sector closely.
Assess the prices of available houses in your city or town that are similar to your own. This will allow you to see how your residence stacks up against the competition and price it appropriately.
Furthermore, evaluate the prices of recently sold houses in your area. With this housing market data, you can determine whether you're preparing to enter a buyer's or seller's market and plan accordingly.
2. Don't Hesitate to Counter a Buyer's Offer
After you list your house, it may be only a matter of time before you receive an offer on your house. However, just because you receive an offer on your house does not mean that you have to accept this proposal.
Remember, your duty as a home seller is to accept the ideal homebuying proposal based on your home selling goals. If an offer fails to meet your expectations, you should not hesitate to counter or reject this proposal.
In most instances, it helps to counter a buyer's proposal. If you submit a counter-offer that matches a buyer's needs, both you and a buyer can move forward with a transaction. Or, in the worst-case scenario, a buyer will reject the counter-offer, and you can move forward with your attempt to sell your house.
3. Work with a Real Estate Agent
If you're unsure about how to stay flexible throughout the home selling journey, you can always hire a real estate agent. In fact, with a real estate agent at your side, you can get the insights that you need to succeed in any housing market, at any time.
A real estate agent will learn about your home selling goals and help you map out a successful home selling journey. Plus, he or she will list your residence, promote it to the right groups of potential buyers and ensure you can make an informed decision about whether to accept, reject or counter a buyer's proposal.
Want to sell your house? Consider the aforementioned tips, and you can operate as a flexible home seller.