If you need assistance, please call 509-590-4701

Why You Should Consider a Roof Certification Before Listing Your Home

Friday, February 15, 2019   /   by Elizabeth Sorensen

Why You Should Consider a Roof Certification Before Listing Your Home

If you want to get top dollar, you’ll want to ensure that your home can qualify for all loan types. 75% of buyers that will look at your home will be FHA or VA buyers.  These loan types have much more stringent requirements when it comes to home condition. FHA and VA loans require your roof to have 5 yrs of more of life left. There cannot be any missing shingles or any other blatant repairs needed. Many sellers shy away from FHA/VA buyers, but it is simple economics- If you are eliminating 75% of the market, you are drastically reduce the buyer demand, which in turn will negatively affect the eventual sales price of your home.

What is a roof certification? Although the majority of buyers will have a home inspection, a thorough roof inspection and  certification is not typically done by a home inspector. This is a certified roofing contractor who will climb up on your roof and issue reports on:

-Condition of roofing materials, ridges, caps, and drip edges

-Soundness of drains, downspouts, and gutters

-Flashing around roof pipes, chimneys, vents, valleys, and mounting of HVAC units

-Estimate the remaining years of roof life and certify the inspection

For a couple hundred dollars, a roofing contractor can evaluate your roof for any repairs needed and estimate the life expectancy. This can end up saving you thousands for a several reasons:

First, if you wait until you are under contract with a buyer before discovering issues or low life expectancy, the buyer could decide to back out causing your home to have to be re-listed.  “Back on Market” (BOM) homes nearly always sell for less as they now have a negative stigma that something may be wrong with this home as the buyers backed out after inspection.

Secondly, with a certified roof inspection you will be armed with confidence as you enter into a purchase contract. The roof is one of the buyer’s top concerns due to the replacement costs and ability to qualify for a loan.  Being able to provide buyers with a roof certification up front alleviates a huge concern for buyers, thus giving you an edge on your competition, because both parties already know what the home inspection will reveal about the roof.

Lastly, as mentioned earlier, with your roof certified you are opening your home up to the greatest number of buyers thus increasing the demand for your home.

I’m Elizabeth Sorensen with Haven Real Estate.  To find out more, or for any other questions, reach out to me at the number below. I look forward to hearing from you!

  spokane real estate, selling home, home selling, buying and selling a home, home seller tips, tips, real estate agents, zillow, marketing, home value, negotiation, first impression, haven real estate group, curb appeal, listing, elizabeth sorensen, home improvements, return on investment

Haven Real Estate Group
Cambria Henry
304 W Pacific Ave; Suite 360
Spokane, WA 99201

IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS.
MIMLS The data relating to real estate for sale on this web site comes in part from the Spokane Association of REALTORS® MLS. Real estate listings held by brokerage firms other than Haven Real Estate Group are marked with the IDX logo. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Haven Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Copyright 2019 of the Spokane Association of REALTORS® MLS. All rights reserved.