Getting the Home Sold for the Highest Price!

Now that you performed the Home Inspection and have had a chance to review the report you can decide whether to make the repairs or just disclose the condition to the buyer.

 

Just remember that when a buyer has to take on the repairs they usually want a more significant discount to address the problem or the "pain" of having to deal with it when they move in. Based on experience, buyers generally try and negotiate two times the actual cost of repairs needed.


By having a professional home inspection report available to the buyer, sellers now have several valuable options:


1. Make the necessary repairs. Studies show that homes in good condition sell faster and for a higher percentage of their original listing price because needed repairs have already been addressed.


2. Price the house taking into account the home's condition. A higher price if the home has been well maintained and has newer/upgraded systems - or a price that has been adjusted down to reflect the less than perfect condition.

 

This may affect your bottom line and will be a decision you will have to make depending on the circumstances. Usually, I ask my sellers to take care of the health and safety issues as we do not want someone to get injured. It may also be a lender issue and the loan won't be approved under certain conditions.

 

How may I

help You?

BETTY FERNANDEZ REALTOR®            Broker-Associate

(805) 766-1495

Betty@Betty4RealEstate.com

CalRE #01452802

CREDENTIALS:

Former Certified Residential Appraiser

Seniors Real Estate Specialist (SRES)
Certified Probate Real Estate Specialist (CPRES)

Bilingual English/Spanish

Notary Public

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