Dan Edward Phillips, Broker, Humbolt County, CA. provides sound advice to homeowners who are looking to sell their homes. In a buyers' market such as this one, homeowners should go above to ensure that the right buyers can be attracted to their property
In the current market, selling your home may involve expenses that you will need to plan ahead for.
The expenses include repairs and maintenance to your home before listing, the payment for inspections requested by the buyer as a contingency of the purchase of your home, repairs that are agreed to after review of inspection reports, attorneys fee's and accountants fee's if their advice is required by you etc.
Before placing your home on the market, a budget should be made for those unknown items. The amount of that budget may determine if it is in your best interest to accept an offer, counter offer or refuse it.
In many cases, inspections must be now paid for in advance. Contractors are concerned that they will be paid if an escrow is canceled and may want to be paid upon completion of the work. Buyers lenders usually require that all repairs are completed before the close of escrow to avoid any surprise.
Make sure you have the funds available to pay for the expenses involved in selling your home before placing your home on the market.
C. Lloyd McKenzie, MBA
Berkshire Hathaway HomeServices
New Mexico Properties/Allstar, REALTORS
6739 Academy Rd. NE SU 200
Albuquerque, New Mexico 87109
Areas Served: Albuquerque Metro/ Algodones/ Bernalillo/ Cedar Crest/ Corrales/ Edgewood/ Los Lunas/ Los Ranchos de Albuquerque/ Placitas/ Rio Rancho/ Sandia Park/ Tijeras