When you list your home for sale, it will directly compete against other listed properties in our area. Pricing your home competitively is important, but so are factors like appeal and property condition. You know your property better than anyone else, so you understandably may be aware of some repair issues that you have been delaying. Are you trying to decide which of these repairs require your attention before listing your home for sale? Here are some important factors to consider.
The Impact of Glaringly Obvious Issues
Some repair issues will be immediately noticed by potential buyers during a property tour. A few minor issues may be overlooked by a buyer who is otherwise enamored by your home. Numerous minor issues or even one significant problem could deter buyers from making an offer. They could also result in a lower offer or an offer with a repair allowance.
Issues That Will be Revealed by a Property Inspection
Some damages may be concealed from view and may go undetected during a property tour. However, the property inspector likely will uncover these damages. This means that the buyer will eventually learn about them. The property inspection report could serve as a basis for renegotiating the contract. If severe damages are revealed, the buyer may decide to walk away altogether.
Making Your Decision
Nobody wants to sink money into a house that they are selling. It makes financial sense to repair cosmetic damages that are easy and affordable to remedy. With regards to more significant damages, each issue must be reviewed carefully and individually. Consider relying on the expertise of your local real estate agent as you make these important decisions.
The time to consult with your real estate agent is when you are preparing the property to list for sale. Depending on the situation, this may be a few days or weeks before the anticipated list date.