Homeownership has dwindled to around 65.5% in the States which means that it’s imperative for homeowners to get as much out of the sales of their properties as possible. This means knuckling down and taking care of anything that may stand in the way of optimal pricing. The biggest items on the list should be those that could potentially derail the opportunity of a sale. The longer the property remains on the market, the lower the negotiating power of the seller. But where to start?
Maintenance Issues Could Lead to Bigger Problems
When searching for the perfect property, no potential homeowner wants to buy a property that could potentially cause them to spend a small fortune on maintenance and renovation issues. Property owners should expect agents and potential buyers to come to the open house with a magnifying glass. This could knock down the price of the property significantly and if the offer is not acceptable, it could mean the property stays on the market for longer than it should. This means the owner would need to take care of those issues and run the risk of having the property on the market for too long.
Use Insurance Premiums as a Selling Tool
The right location is a very big part of the sale of a property. This is because buyers want the convenience of a good neighborhood with low crime figures, good schools, and easy access to the stores. But something that they tend to forget, is that the risk in these areas is also significantly lower, which could have a positive effect on their insurance installments.
Sorting Out Issues Could Speed Up Sale
Sellers merely have to watch a single episode of property hunting shows to know that curb appeal is a huge selling item. This means sorting out the garden and perhaps even a new lick of paint can make a world of difference. It also means that faulty construction and noticeable water damage will not only raise questions but will take away from the overall appearance of the property. With that said, make sure all issues are addressed, so that you can sell your house in no time.
Peace of Mind That the Next Owner is Safe
When more than 28,000 home fires are caused by faulty electrical work in the US alone, it’s vital that this is taken care of before even listing the property. Not only is it a risk to the current owners, but also to future owners. Those who can prove that their electrical work is up to date and safe, have a bit more negotiating space where the price is concerned. Plumbing and gas piping are two other areas that tend to cost far more than would-be owners are willing to fork out, which increases those negotiation powers even higher.
Insurance issues should not be viewed by homeowners who are ready to sell as burdensome, but rather as an opportunity. It provides them with the chance to up their game and get on top of the property market with as much ammunition in their pocket as possible. Those who happen to have a clear report will find it easier to sell as it lessens the burden on the next owner. Insurance savings is a unique selling tool in a very competitive market.
About The Author: Jane Sandwood is a professional freelance writer with over 10 years experience across many fields. She decided to move into freelancing to take advantage of the flexibility and work-life balance it offers. When Jane isn’t writing, she is busy spending time with her family. She also enjoys music, reading and travelling whenever she can.
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