My Buyers had a moment to look around as I play with the combo lockbox. 

They were standing on the front stoop with me and start asking questions like, "What's this?  And this? How about that?"

When you find 4 or 5 inspection defect issues while standing on the stoop, it doesn't help build confidence in the buyers.

Finally we got inside the home.

Pretty house.  Nice floor plan.  Good traffic pattern.  Open and airy.  And priced about right for the neighborhood.

And we went out back and walked around.  But, by now my Buyers are on alert regarding the condition of the exterior.

We locate several more areas of rotted siding, see a couple of poorly done roof repairs, a broker dryer vent, and a back door with both jambs rotted out for a couple of inches.

And going back in the front door, we notice that the stoop slopes to the door, so water won't drain away, but will collect at the threshold.  Hmmmm.  We wonder if that is why the stoop was drilled for termite treatment?

Pretty house.  No sale.  Too much doubt put into the Buyers' minds regarding the maintenance of the house.

SALE SUCCESSFULLY AVOIDED!  NO CONTRACT!  It might have turned out differently if the Sellers had had a home inspection performed and been aggressive in working off gigs.  But, they saved the $400 an inspector would likely have charged to help locate some of this nickel-dime stuff.

Penny Wise, Pound Foolish?

 

10 Comments on Cary NC Real Estate, How to avoid selling your home: Don't have it inspected before listing!

Thats a great idea...it would head problems off at the pass

12/08/2007 10:21 PM by Konnie MAC Northern Virginia Real Estate (Konnie McKee )


Thats a great idea...it would head problems off at the pass

12/08/2007 10:21 PM by Konnie MAC Northern Virginia Real Estate (Konnie McKee )


Thats a great idea...it would head problems off at the pass

12/08/2007 10:21 PM by Konnie MAC Northern Virginia Real Estate (Konnie McKee )


Thats a great idea...it would head problems off at the pass

12/08/2007 10:21 PM by Konnie MAC Northern Virginia Real Estate (Konnie McKee )


Mike, If the sellers are motivated to get going quiclky , a pre listing inspection is the way to go. Even when a house looks good to the naked eye, an inspection may turn up minor stuff that could add to to just enough to knock out an offer or worse yet a contract.

Ginger 

12/08/2007 10:52 PM by Wilmington NC Real Estate Ginger & Roger Sala Keller Williams (Keller Williams Wilmington North Carolina)


Boy, this is a hard lesson...and even harder to have to learn in this market when buyers are more scarce. 

12/08/2007 11:19 PM by Lola Audu~ Audu Real Estate~ Grand Rapids, MI Broker


Ginger,

Right.  I am working with people who want to close by the end of the month.  They don't want to get embroiled in inspection issue negotiations any more than necessary.

Lola,

We are a little more active here than you are, but I still wonder at folks who show homes that are not ready to sell.

Thanks for reading and commenting!

12/09/2007 06:46 AM by Mike Jaquish Keller Williams Realty, Cary, NC (Keller Williams Realty)


I guess my first question is whether the house is priced correctly taking into account the issues?  If the house is priced a few thousand dollars below where it should be.  Yet, it would only cost $1,000 to repair those issues, then it could be a good deal for the Buyer- if the Buyer is willing to handle the issues after closing.

 

12/09/2007 07:13 AM by Rick Tourgee - Provincetown and Cape Cod (Century 21 Shoreland)


Rick,

You are right, of course.  And many Sellers look at it that way.

But many Buyers are looking for a home they don't have to fiddle with, especially if the issues may be evidence of ongoing neglect with possible deeper damage.

At this time of year, with many people looking for a quick close, the specter of getting under contract, and embroiled unnecessarily in inspection issue negotiations is a turn-off.

12/09/2007 08:49 AM by Mike Jaquish Keller Williams Realty, Cary, NC (Keller Williams Realty)


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Real Estate Agent: Mike Jaquish Keller Williams Realty, Cary, NC (Keller Williams Realty)
Mike Jaquish Keller Williams Realty, Cary, NC
Cary, NC
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Musings and meanderings around the North Carolina Triangle area, with pithy stuff about the Raleigh and Wake County area, particularly Cary, and thoughts about the Real Estate industry.

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