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9 Issues You Absolutely Must Fix Before You Sell Your Home
24.12.2023 - 12:17 / bhg.com
Before you list your home for sale, you must be aware of all its potential problems. Major and minor issues inevitably crop up on inspection reports, and fixing the big ones (and some of the small ones) will help you get your money’s worth on a home.
“Home condition is the new location when it comes to sellability—especially in colder markets,” says Jennifer Patchen, a broker with Opendoor. “Homes in better condition close at or above their list price 20% faster than comparable homes in worse condition.”
The cost of upgrades and remodeling has more than doubled in the past five years, says Patchen, which explains why most buyers are reluctant to pay for them. Still, agents say it’s important to fix what you can before selling to get top dollar.
“Buyers start to mentally chip away at your sale price, the more defects they see in a home. Before you list, make sure you fix anything that will be noticeable to potential purchasers,” says agent Samantha Rose Frith of Coldwell Banker Warburg.
When assessing your home or conducting a walkthrough with a real estate agent, be vigilant for significant problems that may require your attention. Cynthia Wiley, a real estate professional at Better Homes and Gardens Real Estate Paracle, advises her clients to obtain a pre-inspection report. This report provides a comprehensive view of both major and minor repairs your home might need.
A pre-inspection report serves as an early warning system, revealing potential issues that you might not uncover until a buyer raises them during negotiations.
“You can spend a few hundred dollars now and see the items that need to be addressed or wait to see the buyer’s inspection report later and spend thousands because they now have a punch list of
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