Selling Tips – Repair Known Issues or Lower The Asking Price?

home repairs

When selling a home in Charlotte, it’s important to understand that you have to disclose any known issues with your house. However, you’re not required to actually fix these problems. Whether you should pay for any repair work before you put your house up for sale depends on a variety of factors.

Lowering the Home Asking Price

One way that you can get around making repairs is to simply lower the price of the house. Basically, the money that a buyer would save on the lower price would be put into the repair work that’s required. While many buyers will be willing to make this tradeoff — especially if the problem was only recently discovered during a home inspection — not all buyers will want to deal with the hassle of being in charge of major repairs.

Paying for Repairs

Buyers are often more attracted to homes that require less repair work. However, repairing every minor thing that’s wrong with your house may be unnecessary. A lot of minor issues may not affect the function of the house and buyers may not care about some of these issues either way.

It is worth noting that if there’s a lot of minor issues, it could potentially hurt the first impression that your house has on potential buyers. The more minor issues you have, the more suspicious they’re likely to be that there may be bigger problems that have yet to be discovered. Major repairs are typically worth doing yourself unless you don’t have the budget to do so or would rather just lower your asking price.

Ultimately, how fast you need to sell and how extensive the repairs needed may help you make the decision.

A Seller’s Guide To Home Inspections

home inspectionOne of the things that you’re going to want to do before you put your house up on the market is to get a professional home inspection. This will give you an idea of what all is wrong with the house so that you can invest in repairs or, at the very least, adjust the price you’re asking for accordingly.

Even if you don’t do an inspection, the buyer will do one before signing on the dotted line. If they find major problems with your house, the sale could fall through, which is why you have an inspection done before you even list the house. The following are a few tips to keep in mind when it comes to home inspections:

  • Clean the house – It’s not just that you want to leave a good impression on the inspector, it’s also that you’ll want to make sure that they can safely get to everything they need to inspect without tripping over clutter. For example, make sure that they can easily reach your furnace or take a look in your basement.
  • Collect your paperwork – You’ll need to show the inspector documentation of all maintenance and repairs you’ve done on the house.
  • Make sure utilities are connected – The inspector will need to test your appliances and HVAC system, so make sure the gas and electricity are on.
  • Replace dead batteries – The inspector will check all of the smoke alarms and carbon monoxide detectors in the house. Make sure that you change out dead batteries so help keep the inspection from slowing down.
  • Be present – Show up at the scheduled inspection time and follow the inspector so that you can ask questions and get more thorough explanations about potential issues.

 

5 Tips To Get The Most Out Of Selling Your Home

home selling tips

A home is a valuable asset,

which means that if you want to sell it, you’ll want to get as much money as you can for it. The following are five home selling tips that will help you get the most out of your house:

  1. Make necessary repairs – If you don’t repair the issues your house has, then you’re basically selling it “as is.” Most buyers will make an offer lower than the asking price if they notice that there are repairs to be made — if they decide to make a bid at all. After all, not everyone will want to deal with repair work once they buy a house.
  2. Invest in the curb appeal – Creating a good first impression is essential to convincing buyers to pay the asking price. Clean the windows, siding, pavement, and yard. Cut the lawn and trim the bushes. Consider investing in a few visual touches, such as repainting the house or planting colorful flowers.
  3. Clean and declutter the house – Your house will feel less valuable than it is if it’s messy. Declutter your home and clean it from top to bottom.
  4. Stage your house – An empty house often feels smaller than it is. By staging it, you can not only show buyers how each room can be set up, but you can also use high-quality furniture to make the home feel like it’s more valuable.
  5. Use a real estate agent – A real estate agent can be extremely in several ways. They can help price your home correctly, they can help stage your home effectively and they have an entire network of real estate agents that they can leverage to find motivated buyers.

Why It Pays To Have Your Home Sold Through A Real Estate Agent

real estate agentIf you’ve decided to sell your house, don’t try to save money by neglecting to hire a real estate agent in Fort Mill. Many owners attempt to save money by selling their house on their own. However, you’re more likely to lose both money and time doing so. The following are a few reasons why you should use a real estate agent to sell your house:

  • They will determine the proper value – Pricing your house accurately can be challenging. If you price it too low, you’ll lose money, but if you price it too high, nobody will buy it. A real estate agent has the experience and expertise in regards to the local real estate market to help you price your house accurately.
  • They will help find motivated buyers – You might live in an attractive neighborhood and your house may be in top-notch condition, but if you can’t find buyers, it’s going to take a long time to sell. Real estate agents have connections with other agents and buyers, which means that they can bring in buyers that are motivated to look at your home.
  • They will help stage your home – Real estate agents know exactly what buyers are looking for and how to present a house in its best light. You’ll want their professional know-how to help stage your home for showings.
  • They will provide professional guidance and advice – Whenever you have questions or major decisions to make, you’ll be able to turn to your real estate agent for help. Without an agent, you’re more likely to make decisions that you might regret later.

As you can see, a real estate agent plays an important part in selling your home.

3 Issues It Pays To Fix Before Putting Your House On The Market

peeling paintTrying to sell a house that’s in a state of disrepair is not generally a good idea. Few homebuyers want to invest money in a home only to have to turn around and put even more money into making repairs. Not to mention that certain issues that need repair can hurt a buyer’s first impression of your house. Keeping that in mind, the following are three things you should fix before you list your home:

  1. The paint – One of the most common home selling tips is to give your home a fresh coat of paint, even if it’s not necessarily in need of one. However, if you notice that your paint is peeling or the color is fading, whether it’s on the home’s exterior or interior, then you should repaint it before you begin showing the house. Faded, peeling paint is going to make your home look dilapidated, and many buyers won’t even bother to come inside for a look if you don’t fix this issue.
  2. Lighting – Be sure to go through your entire home and check all of the lights. You’ll want to make sure that if a light doesn’t work, that it’s not an electrical issue. Buyers won’t want to have to make electrical repairs. Additionally, a lack of light will make certain spaces feel dark and cramped, which is not an effect you want to go for.
  3. Leaks – If there’s a leak, you’ll want to have it fixed right away. Buyers who spot any leaks throughout your home are going to assume that there might be something wrong with the plumbing or with your roof, both of which can require expensive repairs and can scare buyers away.

These are three fixes you should make before listing your house to improve the buyer’s first impression.

5 Tips For Selling Your Home In A Slow Market

slow housing marketThere’s not much you can do about a slow housing market, and most homeowners don’t have the time to just wait it out. However, there are still things that you can do to help sell your home even during a slow market. The following are five tips on selling a home in Rock Hill even when the market is slow:

  1. Price your home properly – Compare the price of similar homes that sold within your area recently. Pricing your house too high will result in limited interest.
  2. Make necessary repairs – Don’t just focus on the major repairs you have to make. You should also focus on smaller repairs that may seem inconsequential, such as tightening loose doorknobs. Even the smallest issues can have a negative impact on a buyer’s impression of your home.
  3. Be ready to show – Be flexible in terms of showing the house. Make sure that the house is ready to show every day just in case a prospective buyer wants to come by at the last minute.
  4. Don’t turn down low offers right away – You might be tempted to reject a buyer right off the bat if they make a low offer. However, you should bite your tongue. It takes a lot of paperwork to put in an official bid, which means that even a low bid means that the buyer has interest and there could be room for negotiation.
  5. Use a reputable agent – Find a real estate agent who knows the area well and has a good record selling properties within a short period of time. Their connections and know-how will help to sell your home quickly.

MY BIO

Randy has enjoyed over 25 wonderful years in the Real Estate industry making dreams come true for homeowners.

Superior customer service is #1 to Randy and he provides this to all of his clients using knowledge, professionalism, integrity and persistence.

Randy is a successful and experienced real estate agent who expertly represents both buyers and sellers. Scores of Charlotte area residents have trusted Randy in the process of listing their homes to sell.

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