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This blog is dedicated to providing general information relating the the buying and selling of residential real estate. We will explore what things to look for in the buying and selling stages of the transaction process. How to negotiate for the best possible price. Moving tips, Searching for your next home, Finding a quality agent when moving away, etc.
Friday, December 30, 2011
Wednesday, December 28, 2011
Consider Five Key Areas to Reduce Unpleasant Surprises When Selling
There are five key areas that will be examined closely by the buyer and their team. If a problem exists in of the five areas, it could kill the deal. These key areas are:
1. Home inspection – Obtain a licensed inspector to examine your home and notify you of any potential issues so you can repair or replace defective items.
2. Occupancy and or Fire Department Inspections – These departments will advise you of any local code or zoning violations which will need to be address prior to the buyer moving in.
3. Title report – This will inform you of any liens that have been placed on your home.
4. Survey – To inform you of the actual lines of the property and show any encroachments. That is
5. Appraisal – by a licensed appraiser
It is in your financial best interest to repair any issues revealed by these key areas. In doing so your buyer will be more confident in their decision to buy your home.
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