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Real Estate Tips
Home Inspections >If It Is Broken Fix It

Most houses have a few "little" problems, like leaking faucets, a stove burner that won't light, or electrical outlets with too much "spark". These defects may not seem very important--unless your house is about to go on the market.

We rarely have difficulty getting sellers to agree to paint, replace worn carpets or plant a few flowers in the front yard. These kinds of repairs obviously increase the overall appeal of the property. However, if any of the major systems in your home need maintenance, it is also prudent to have the necessary repairs made. Have your furnace, central air-conditioning system, plumbing and wiring checked as part of your pre-marketing efforts. The best rule is--if it's broken, fix it!

The purchase agreement requires that a house be conveyed with all the systems in working order, and most buyers will bring in a home inspector to identify any potential problems. During the period of time between the "meeting of the minds" and the removal of the inspection contingencies, the buyers are the most vulnerable to an attack of buyer's remorse. This is also the time when anything that hasn't been repaired could become a major issue.

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Real Estate Trivia
Q 
What does "contingency" mean in real estate?

A 
A contingency is a specified event that must take place before a home purchase contract is binding; for example, a sale can be said to be "contingent upon the sale of the buyer's current residence."
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The Di Lewis Team, REALTOR®, real estate agents and broker for Henderson, Lake Las Vegas and Las Vegas, Nevada home listings, property and land for sale - NUMBER1EXPERT(tm)

The Di Lewis Team
Realty One Group

9089 S. Pecos Rd, Suite 3400
Henderson, NV 89074
Phone: 702-566-5827
Fax: 702 946 5082
Cell: 702 824 2188
Email: di@dilewis.com

Di & Mike work as a team specializing in High Rise condominium properties, resort property, luxury real estate and investment property. . Real Estate designations held include: GRI (Graduate of the Real Estate Institute) ABR (Accredited Buyers Representative) e-PRO (Certified Internet specialist). Mike was born in New York and has holds a BBA from Adelphi University and is is a former New York CPA. Mike is the team manager and brings a wealth of financial management and administrative experience to the team and is a certified Foreclosure and Short Sales Specialist. He specializes in investment property and commercial real estate and is currently a CCIM candidate.

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