6 Home Issues To Be Aware Of When Selling
From a leaky or aging roof, to a shifting foundation, there’s probably a few things on you home sale to-do list. And while you want your house to look its best for prospective buyers, there are some other issues that are more important than a new backsplash to a buyer that you should probably be prepared to address before you list, or before closing on the sale if these issues are found in inspection.Do you know what issues most often turn off buyers or prevent sellers from ever getting to the closing table? Here are some of the big ones.
- Leaking or Old Roof. Roof issues are responsible for 39% of homeowner insurance claims, according to the National Roof Certification and Inspection Association. The typical lifespan of a roof is 20 to 25 years for shingles, and if your for-sale home’s roof is approaching the end of its lifespan, replacing it could get you to the closing table faster. In our area, we have had quite a few storms that also have caused roofs to need to be repaired before closing.
- Damaged Gutters. Routine gutter maintenance could prevent thousands of dollars in damage to the foundation of a home. You’ll be glad you did the next time a big storm passes through, Clean and maintained gutters protect your home’s siding, windows, doors and foundation from water damage. Plus, taking care of this first will go along way for buyer perception. Gutters that are overfilled with debris will give a buyer the impression that the home isn’t cared for.
- Old Heating and Air Conditioning System . A well-maintained HVAC system can last up to 25 years, but an aged one could be a point of concern for buyers — and costly to repair or replace on the fly for a seller who doesn’t want to lose a sale.
- Termites. Termite infestation causes more than $5 billion in damage to U.S. homes each year, and sellers are typically required to disclose it. Adding a termite warranty from a remediation company can give your buyer peace of mind. But be warned: Active Termites that you aren’t willing to treat, can often be a deal breaker.
- Cracks in Foundation. Cracks in walls or a foundation are often a sign of larger problems. Be prepared to fix structural problems before your house hits the market, or have a plan in place for repairs if a buyer balks after an inspection. Many companies allow for payment at closing.
- High listing price. Pricing your home too high could ultimately cause your house to miss out on the right buyer, stay on the market longer, and bring in a lower price than the market supports. Let’s get this one right before we list!
Don’t worry, if you aren’t able to take care of all this on your own, there are awesome and affordable contractors and technicians that can do it. Also, there are buyers out there willing to take on a home as-is, for a little under the going market rate.