One of the things that often comes up when a client is looking to sell a house, is they wonder how many of the houses existing problems will need to be addressed before the sale? Specifically, they are interested in (1) how much any problem will decrease the sell value of their house, and (2) how much it will cost to repair the problem. When looking to sell a house, I almost always recommend a full inspection before the process even begins. While homeowners may be aware of some problems, like a broken electrical socket or a leaky roof, it is unlikely that they will know the depth of the damage in these cases.

For example, a nonfunctioning electrical socket could be a 5-minute fix for an electrician, and will cost you almost nothing…. Depending on what the problem is. On the flip side, if your whole electrical system is shot, not up to code, and barely meeting current needs, it is likely that a complete overhaul will be need, which will cost substantially more. If you do not find this information out now, you can bet that they buyers inspector will find it, and this could seriously hurt not only your sell price, but the likelihood of someone wanting to move in and deal with the hassle. Additionally, if the electrical system (or other parts of the house) do not meet local building code, you could be in trouble, potentially having to pay for upgrades, and running the risk of losing your insurance. Similarly, a leaky roof will be expensive to fix, but the cost could go even higher if there is significant water damage to parts of the building. Before putting your home on the market, you absolutely need to know everything that is wrong with your home, how much it will cost to fix, and what you can do about it.

In short, if you are looking to sell, before you come to us wanting to list your house, take the time to do your homework. Have a reputable inspector come and give you a good idea what parts of the house will need work before you put it on the market. Unless they are looking to flip the house, potential buyers will often be turned off to the house if it has too many repairs needed. Once you have done your due diligence, it will be much easier for you to get a fair price for your home.