May 19, 2010
Real Estate Selling | Practical Tips On Repairs Before A Home Sale
Whatever the reason for selling your home, you deserve to get its reasonable maximum real estate value. You have, after all, maintained it and cared for it all these years. During a slow market though, the more the amenities your house has to offer, the better its sale value would be so it’s necessary to prepare it before putting it up in the market.
A major renovation is not a practical step to take in most cases. Instead, doing some minor repairs can turn in better offers. Where do you start? Think like a buyer. The first thing that a buyer would notice is the outside appearance of your house. So fix the roof, repaint the walls, tend the gardens and just keep your lawn clean.
Contact a home inspector to identify which repairs are of immediate concern. Having a home inspection can give you an objective listing of things to repair and make your home ready for buyer scrutiny.
Usually, ceilings are given extra attention by the buyers. A ceiling can give signs of water leak and the kind of maintenance that the seller has done. If there are ceiling cracks, smoke, water and grease stain, fix it fast by finding the source of the problem. Water stain is the result of problems like leaky roof, heating or air conditioning system that malfunctioned or even burst pipes. Although a fresh coat of paint can instantly give it a new look, it pays to fix the real problem and not just cover it up. Real estate buyers often have the home inspected before they seal the deal and any undisclosed home problems will be revealed and may even cause the seller to lose the deal.
The walls can also give the buyer hints of damage and the personal taste of the seller. Your wallpaper which you so lovingly picked may not appeal to your buyer so since you’re cleaning or repainting the walls anyway, might as well remove the wallpaper too and replace it with neutral paint.
Homeowners should remember that kitchen improvement is always a good investment since it will pay off later on. Appliances, cabinets, storage, tiles and countertops must be well maintained too. Unless the house has special historical significance, it’s better to rid it off of dated furnishings and fixtures.
Windows, pipes, faucets, tubs, sinks, pools and walls that have leaks or cracks must be repaired or replaced immediately.
The bathroom is also an important part of the house and gives it a good resale value when it is well maintained. A simple change of shower curtains can do wonders for your bathroom. Make sure too that it smells fresh and is clean all the time. Replace chipped tiles and keep the mirror pristine. If you have a tub, create a romantic mood by sprinkling rose petals to complement the bubble bath.
Overall, show the real estate buyer the warmth and joy of owning your home. If there are major repairs to be done, assess the expense carefully and weigh the pros and cons. In most cases, it is better to disclose it to future owners so they can have a free hand in renovating it to suit their taste.
For professional Country Hills real estateservices and listings, visit CalgaryRealEstate.pro – the site is clean and informative, with details about every corner of Calgary including Harvest Hills Real Estate.
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3 Comments on Real Estate Selling | Practical Tips On Repairs Before A Home Sale »
August 16, 2011
RetiredDebtFree @ 11:52 pm:
NO NO NO! And don't sign ANYTHING. If you are considering a short sale, the authorization can only come from your lender. And it's best to work directly with your lender for this. While it may seem easier to have someone do this, believe me , you don't need to be giving your confidential information to anyone in today's world.
If you lender isn't willing to cooperate, you might try calling the Federal Trade Commission to see if they can light a fire under their butt's. And don't hesitate to tell your lender you are considering doing this. You really don't have many other options if your lender won't work with you. You could take in a renter, sell some stuff, work a second job… I know all things you would rather not have to do, but it's better to hang in there with some minor inconveniences now, than you go through credit sucking alternatives that may leave you homeless because your credit could be trashed.
You decide, but I'd sit tight.
October 28, 2011
LS @ 11:53 pm:
Probably means withdrawn from sale. If it is still showing up in listings, it may be due to some sizeable issue that is being worked on, repair, asbestos or lead remediation, divorce settlement, zoning, taxes, title, etc., before being put back on the market.
The listing agent may be able to provide information about the situation.
Usually home sales go through "For Sale," some kind of pending ("Active" still accepting back-up offers), "In Escrow" and then "Sold."
So a home with the sale gone bad is put back on the market, and moves from some kind of pending to "For Sale" or even "Back on Market!"
November 12, 2011
@ 5:29 pm:
Of course, I could totally geek out on you and give you the complete story on the laws regarding alcohol in Texas, but I'll spare you.(If I did, I would be charging $300 an hour)]]>