INSPECT & REPAIR
Today’s buyers typically include inspections in their offer to buy a house in Carroll and Baltimore County, Md. A home inspection is common, along with a radon inspection. Other possible types of inspections can include roof, chimney and mold.
Inspecting your home before you for sale by owner will help you find anything that might need repairing. Perhaps you have a leaking faucet that drips, or a few loose (or missing) shingles. Anything that needs to be fixed will be pointed out when your buyers have their inspections done, so might as well fix the things you can in advance.
In Part 1 of “How to For Sale by Owner”, we discussed the need to understand the different types of financing. This advice is especially important when it comes to repairs. Different loan types have different requirements for repairs. Making sure you are familiar with the requirements for conventional loans, USDA loans, FHA loans and VA loans will greatly assist you in knowing what you will be expected to fix and repair. If you don’t meet the requirements, your buyer will not have their loan approved. And if their loan isn’t approved, they will not be buying your home. You will need to put your home back on the market for sale and start over.
After making those repairs, don’t forget to:
Clean from floor to ceiling
Create curb appeal
Stage your home
These steps make a big difference in how fast a home sells and how much a home ends up selling for. Sell in the shortest amount of time for the most money by properly researching and preparing your home.
Click HERE to go to Step 3 – Photos, Video & Disclosures