You take good care of your home and when you are ready to sell, why have it inspected? After all, the buyer will have an inspection before the deal.
Should you save the $350 to $500 it costs to have an inspection and hope for the best?
Maybe not. It might well pay for a seller have a home inspection before they list.
Sellers who have owned a home for some years might not recognize problems that have cropped up. If they were to keep their home, they would eventually discover and fix these issues. But, during the sale process, home issues can be a nasty surprise and delay or even kill a deal.
The business of selling a home and buying a new one is tricky enough but when a good offer is on the table, at just the time they are buying a new home, sellers don’t want the deal to fall through. Since most deals are contingent on inspection, a potential buyer can always opt out if their own inspection uncovers issues. That starts the sale process over in a big way, with the seller being forced to address problems and the buyer potentially moving on.
Inspectors take a close look at the home’s inner health in 10 areas: Interior and exterior, structure, roofing, plumbing, electrical, heating, air conditioning, ventilation, and fireplaces.
These detailed evaluations can identify the kind of problems that are easily fixed, but might cost the seller money and delays after the buyer’s inspection.
On roofs, for example, inspectors study shingles, flashings, roof drainage, skylights and chimneys. A seller might not want to put on a new roof, but repairing the flashings and roof gutters puts your house in a solid light. Buyers might not expect a new roof, but they don’t want to find leaks.
There are a variety of specific things that a home inspection can look for, depending on individual concerns. For example, a radon inspection checks a home for levels of radioactive gas and takes between two and seven days to complete. Termite inspection looks for damage to the wood structures of a home. With homes that have a well for water, well water testing is another option; for homes with a septic or oil tank, examination of those structures may be part of an inspection as well.
A general inspection should consider the condition of the roof, the water pressure and plumbing, electrical outlets and switches, and the crawl space and attic, according to HGTV.
Home renovation health and safety tips
Are you planning to renovate your home? If so, you should know that your abode is about to become a construction zone. This means that there will be tools, dust and other health and safety hazards to contend with. Here’s how to protect yourself and your loved ones during a home renovation.
1. Get an inspection. If your home was built before 1990, have someone come in to inspect it for traces of asbestos. You don’t need to be renovating extensively to run the risk of exposure to this harmful material.
2. Protect yourself. Even if the inspection doesn’t turn up anything, wearing a mask at all times is a good idea. Anyone working on the renovation should also wear gloves, eye protection, hardhats and steel toed boots to prevent injuries.
3. Protect your home. Lay down tarps so your floors don’t get stained or scuffed and protect any furniture you couldn’t move out of the vicinity of the construction zone.
4. Ventilate. Make sure there’s a window open and fans running while the dirtiest work is underway. This will keep fresh air flowing into your home.
5. Clean daily. At the end of every day, vacuum and mop the floors and wipe the dust off of all surfaces.
6. Use non-toxic products. Opt for VOC-free paint and water-based solvents, as these won’t release chemicals into the air.
7. Do dirty jobs outside. Designate a space in your yard for cutting, sanding and other tasks that generate dust and dirt.
If you’re going to be living in the house while it’s being renovated, it’s a good idea to keep one room in your home closed off. This will provide you with a haven to retreat to in the evenings.
Buy first vs. sell first: what homeowners should know
If you’re ready to move into a bigger home, you may be wondering whether you should sell or buy first. While there’s no one right answer, here’s what you should know about each option.
The main advantage to buying first is that you’ll have plenty of time to peruse the market for your new abode. Without a closing date on your current home pressuring you, you’ll be free to hunt for the perfect property. You’ll also be less concerned if you face setbacks.
However, buying first has one potential downfall: if you can’t sell your previous home right away, you might end up owning two properties at once. This will put you on the hook for double the number of mortgage, insurance and utility payments.
Though you can protect yourself from this scenario by making your offer conditional to the sale of your house, it might make your bid less attractive to sellers. In a competitive market, you’ll be at a distinct disadvantage.
The main benefit of selling first is that you’ll know exactly how much money you’ll have to buy your new house. The downside, however, is that as soon as your home is sold, you’re on the clock. And if you can’t find something suitable before the closing date, you may end up having to invest in some type of temporary accommodation.
The best approach
Understanding the market conditions where you will buy and sell the involved properties is key. The best thing to do is consult a registered real estate agent who’s familiar with the associated areas. They’ll give you advice about how proceed and help you meet your goals.
Making your dream home: advice for the would-be builder
Are you thinking about building your own home? While there are many advantages of designing a space that works for your family in every way, here are some things you should consider before breaking ground.
Do you want to live in the city or suburbs? If so, it may be hard to find an unoccupied plot. In this case, you may need to look further away from your desired location in order to find land where you can build.
If you build the house in a subdivision, you may be able to use pre-made builder’s plans. However, for a more customized home, you’ll need to hire an architect instead.
When making design choices, it’s important to think about how you plan to use the house both now and in the future. For example, a steep set of stairs may not seem like a big deal right now, but they may prove difficult if you choose to raise a family or grow old in your home.
If you do decide to build, remember that the home will eventually need to be sold. For this reason, it’s a good idea to make design choices that aren’t so luxurious that you’ll be priced out of the area or that are so quirky that other people won’t want it.
Beth Medved Waller receives 2019 VA/West VA Keller Williams Regional “Superstar” Award
Beth Waller, a Warren County top producing Realtor and founder of the nonprofit, WHAT MATTERS, was recognized by Keller Williams Realty Virginia/West Virginia Region as a 2019 “Caught-in-Culture” Superstar. Out of the nearly five thousand agents that make up the large multi-state region, Waller was one of three agents receiving the annual honor for their real estate and impact contributions during 2019.
In her acceptance presentation, Waller was asked to share some background around her 501(c)(3) nonprofit, her origins of volunteerism, highlights of her real estate career and motivational tips for the audience. “This was my first experience speaking on stage about my passion projects, and I thoroughly enjoyed being able to share my story and some ideas with fellow Realtors. I was moved by the line of people afterwards wanting to chat with me as well as the letters and messages I received after the event from people who were inspired. It’s another of the many opportunities I’ll always be thankful for as a KW agent,” said Beth of the honor.
During her presentation, Beth was asked to share about her initiatives that range from a $24,000+ per year Main Street meeting space she funds for her Front Royal/Warren County community, the $12,000+ she’s given through the years in scholarships to local seniors, the nonprofit center in which she provides free office space in Front Royal, her interest-free loans to help those in need and her community video interviews. She also discussed her international mission work which includes well over $25,000 in personal contributions to a brand new primary school in a remote village in Uganda (named the Front Royal Light up Academy) in addition to the funding of a music studio and financially supporting vulnerable children in the ghettos of Uganda’s capital city of
Lee Beaver, Regional Co-Owner and OP shared as she presented the award, “You’re just incredible, as an agent, as a person, and you’ve not only impacted your community but not impacted people overseas, it’s just amazing. We appreciate what you’re doing and we are blessed to have you in our company.” Waller received many other agent sales awards for monthly sales production units for the Manassas Market Center office throughout 2019. “I remain so blessed by all who have supported my real estate career including my family, friends, clients and especially my KW Transaction Coordinator Bridget Rosensteel. I’m glad to have found a home with the thriving KW Manassas office and still have the ability to have my office in downtown Front Royal,” she added.
Waller was also honored to be selected among America’s Top 100 Real Estate Agents® for Virginia – Greater Virginia in 2019.
10 real estate euphemisms
Never forget that a real estate listing is a sales pitch. Here’s a list of 10 common euphemisms and what they might really mean.
1. Charming, unique or quaint. From an unusual layout to downright bizarre architecture, this property is likely to strain the meaning of “unique.”
2. Cozy. This probably means the space is small, which could be a selling point for some buyers.
3. Access to everywhere. This often indicates close proximity to a freeway, with the associated noise included.
4. Efficient kitchen. This may be code for a kitchen so small you’ll only need to twist to reach the other end of the counter.
5. Needs TLC. This typically means that the house is a fixer-upper.
6. Bright or light. Some houses described this way have a lot of natural light. Alternatively, everything from the walls to the plumbing fixtures, cupboards, floors and window treatments may simply be painted white.
7. Retro. More often than not, a home described this way is dated. Picture avocado green appliances and shag carpets.
8. Original. This abode isn’t old enough to be called a period home, but it’s also not new enough to come with a reasonably priced utility bill, at least not without a few upgrades.
9. Up-and-coming neighborhood. This catchphrase means that the area is transitioning into a hot spot but isn’t quite there yet. The property likely has potential to appreciate over time.
10. Designer colors. This often means that the previous owners made bold painting decisions and that you’ll likely want to give the place a new coat.
The best way to navigate the real estate market is to rely on a good realtor, so don’t hesitate to ask them any questions you may have.
Warren County Market Report – December 2019
Start preparing NOW for the spring market. These numbers are incredible!
Watch this video for a quick summary of Warren County real estate for December 2019. Charts demonstrate the changes in the market, so be sure to click play!
In general summary – UP UP UP:
- New Listings are UP 34.1% in December 2019.
- New Pending UP 36.1%. We list them and they are going under contract fast. 157 Active Listings.
- Closed sales are UP 42.9%.
- Average Median Sold $239,500 dipped compared to this time last year. However, after a closer look, the sold price only leveled back out to our July/August 2019 numbers. I predict they will climb back up in January.
- Average Days on Market 56. In my opinion, anything under 60 days is great!
*If you would like a copy of this report emailed to you, please send request to email@example.com.
Resource: 2019 Market Stats by ShowingTime
MRIS: Statistics calculated January 2020
Jennifer Avery, Realtor
“Your Happy Home Expert”
BPOR, SRS, CNE, E-Pro Certified | Licensed in VA
firstname.lastname@example.org | 540-683-0790
CRUM REALTY, INC | 318 S Loudoun St., Winchester, VA 22601 | 540-662-0400