Friday, November 29, 2019 / by Pamela Glende
This is a question that is commonly asked. If you want to get the most you can for your home the answer is yes.
Most home buyers will do a home inspection. Deals fall apart all the time because the buyer feels like the home isn’t in good shape and it will be expensive or too much work for them. Sure, you can negotiate which repairs you will do for the buyer and which you won’t do, but let’s face it the buyer can terminate the contract if they want to under the inspection.
I suggest to my sellers that they do a prelisting home inspection themselves. That way you will know what items need to be repaired and you won’t have any surprises during the buyer’s home inspection.
You can fix the items that need to be fixed. You will find out if there are any major repairs needed. One seller I had found out that there was mold in the attic. They were able to remedy the situation before listing. Also, there are certain items that need to be addressed that an appraiser will call out, in order for the bank to lend on the home.
One thing is for sure you will sleep better knowing your home is in good shape and not worry during the home buyer’s inspection. Once your prelisting home inspection is complete you can do the repairs and note in your report the date you remedied the problem. You can even put the receipts in the report, leave it on your kitchen counter for the potential home buyer to look through. They will feel confident that you took good care of the home.
If you can’t do the repairs and you need to sell “as is” then you certainly can. Keep in mind that you won’t get top dollar for your home and that your home may need to be sold by cash terms or possibly convention terms. This eliminates half or 2/3rds of your buying pool. In order to sell FHA or VA your home needs to be in pretty good shape.
I hope this information helps. I’m Pam with Haven Real Estate Group in Spokane. Let me know if I can be of service with your real estate needs.