How Property Condition Affects Your Offer
Since you have toured the property you are interested in, you should know how it compares to the general neighborhood. All you have to do is put the home in one of three categories - average, above average, or below average.
When evaluating a home’s condition, there are a number of things you should consider. Structural condition is most important - items such as walls, ceilings, floors, doors and windows. Then paint, carpets, and floor coverings. Pay special attention to bathrooms and bedrooms and whether the plumbing and electricity work efficiently. Look at the fixtures, such as light switches, doorknobs, and drawer handles. The front and back yards should be in reasonably good shape.
The missing ingredient will be information on the condition of the homes from your comparable sales list. As your agent we can help you compare your choice to other homes. We see hundreds of homes in working with other buyers and are prepared to help you value the home you are interested in purchasing.
Additionally, if your home of choice needs some fix up work, we have contractors to help you evaluate the cost of the fix ups.
Remember there are three important items that impact the marketability of a home: price, condition and location. We cannot change location so price and condition are your most important considerations.
Tuesday, January 23, 2007
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