This week’s FAF (Frequently Asked Friday): Should you make repairs to your home before you sell?
According to the National Association of Realtors, around 37% of contracts fall through because of repair issues sellers could have addressed before listing their property.
This alone shows that while your home doesn’t have to be perfectly flawless, you should invest time and money to get it in working order.
Buyers, banks & their attorneys look at BIG ticket items. They do not sweat the small stuff, nor should you. Big ticket items include issues with the roof, plumbing, HVAC, electrical, foundation, free from asbestos and termites.
Here are a few must-fix items. (And trust me, if you don’t fix these now, you’ll be doing it later, promise!):
• Faulty wiring
• Grading and drainage issues
• Roof leaks and shingle problems
• Foundation issues
• Heating and air-conditioning problems
• Plumbing and septic issues
When in doubt, ask a real estate agent what to address before listing. Chances are you’ll recoup some or all of the cost you put in when you sell.
Thinking about listing your home? I’d love to listen to your plans for selling and offer my input — no strings attached — call or text me today 646-780-9190
