Unfortunately, it can be difficult when unscrupulous sellers use tricks to hide defects. Here are the 10 most common seller tricks, and how you can recognise each one of the issues.
A home may be the biggest purchase you’ll ever make. So it makes sense to do everything possible to ensure you’re making a sound investment.
Painting over problem areas.
Fresh paint itself is not a sign of dishonesty, but it can be used to cover water stains, mould and more. Many honest sellers use paint to update or freshen up walls. Take note if many areas were recently painted and mention that to the home inspector. You can also ask the seller for before-and-after photos.
Choosing to remain in the dark about potential problems are seller tricks.
By law, a seller cannot be held liable for problems he or she didn’t know about. Thus, a seller trick is not to allow home inspections to be performed when it’s time to sell. Another seller trick is not to agree to a reasonable inspection contingency time period. Some will even tell potential buyers they don’t want to know what the home inspection reveals. This is all the more reason to get a thorough home inspection. It’s a small price to pay to ensure you’re making a sound investment.
Wise sellers have their property Move In Certified!
You will probably be selling your house with the “Voetstoots Clause” in the Offer to Purchase. But, if you think you are fully protected against any comebacks for latent defects you are wrong!
Under the law, you have a duty to disclose the defects on the property that you are aware of. Your agent may also point out defects that need to be corrected.
If you don’t disclose those defects you may be liable to pay for the correction of the defects after the property has been sold.
As a home seller, you should have your home “Move-in Certified”! Move-in certified homes sell better, faster and for higher prices!
Besides being a great marketing tool, the seller’s home inspection report is also the “Seller’s Disclosure”. This safeguards you against any later legal action that the buyer may want to bring against you for both latent and patent defects!
Do the wise thing, have your home inspected before you sell it!
Home sellers should prepare for the likelihood of a home inspection in advance. Moreover, getting ready your house ready for a home inspection helps to prevent delays and can prevent surprises. Also, a seller doesn’t need a home inspector breaking fixtures or cause damage because the seller was ill-prepared.
In South Africa, the seller is required by law to providefull disclosure of the condition of the property. However, the buyer usually pays for his or her home inspection.
Whether you’ve decided to produce a seller’s home inspection report for buyers or expecting the buyer’s home inspector to show up for a buyers inspection, the best thing is to be well prepared.
1) Clean the house and swimming pool
You should always try to create a good first impression. Notably, clean homes and pools are an indication of how you maintain the house and property.
Don’t underestimate the importance of making a good impression. Don’t make the mistake of thinking inspectors see past stuff.
2)The Inspector will be on time
You can expect the home inspector to be on time. Therefore, if an inspector makes an appointment with you for 9:30 am, have the house ready for inspection at 9 am.
Critical Home Seller Mistakes and How to Avoid Them
By Kay Pascale.
Selling your home is one of the most important life-changing decisions you’ll make. Moreover, it’s both personal and financial, and the stress of the home sale process can leave you open to some critical, and costly, mistakes. Here are a few common mistakes and how to avoid them.
Choosing the Wrong Real Estate Agents
The second most ill-advised choice, beyond trying to sell your own house, is the wrong choice of estate agents. As a result, properly-vetted estate agents, with proven sales records, can help you with many of the costly legal requirements of property transfer as well as avoiding the myriad of pitfalls of a poorly marketed home. Therefore, consult several local estate agents and ask each how they would market your home. Also, ask for a comparative marketing analysis that would give you the values of homes in your area.
Part of a successful home sale is the attractive staging of the property. In addition, decluttering your home will allow the potential buyer to visualize themselves in the home. Putting your extra clutter from the garage, attic, and even some of the main rooms of your home in storage will make your home feel more spacious to the buyer.
In addition, small upgrades like fresh paint and home repairs are necessary to secure the best price for your home. The basics of home maintenance give the buyer confidence in your home as their choice. Also, keeping your home picture-perfect and ready at a moment’s notice for a showing can greatly improve the likelihood of a successful and quick sale. A well-staged home ready for viewing will get the most potential buyers for your home.
Your House Too High
Pricing your home too high is one of the costliest and time-delaying mistakes. Too high a price can turn off buyers and delay the sale of your home. As a result, each subsequent lowering of your sale price will put you in a more vulnerable position in negotiating an optimum home sale price.
Giving a 90-Day Notice
One of the legal pitfalls that good estate agents can help you avoid is not giving a 90-day notice of cancellation to the bank. This is a costly mistake since it results in a penalty of 1% on the remaining balance on the bond for the full 90 days.
If you’re trying to increase the resale value of your home, there are probably more than a few side projects you want to finish before putting the house on the market for all to see. While some of these, like any kind of roof maintenance, are true renovations that likely require the help and vision of an expert, there remain some weekend projects that you can complete in a single weekend. Here are a few tips to help increase the resale value of your house.
Fix Outdoor Landscaping to Improve Curb Appeal
The first thing potential buyers will see when they walk up to your home is the landscaping. Do trees and bushes look overgrown? Is the lawn too long, or are there unsightly stumps and plants littering the yard? A little prevention in the form of weeding, gardening, watering, and trimming will have the front of your house looking immaculate and inviting to potential buyers. According to Home-Dzine, your lawn is probably one of the first things someone will notice about your house. Therefore, keep your grass trimmed, remove dead branches, and plant some flowers for a pop of colour.
Power washing the walls and the driveway is a great way to make your home look well cared for. This allows your house to stand out in a positive way from the rest of the houses on your street. Moreover, Gutters are often overlooked when cleaning up the outside of a home because you can’t see them from ground level. But rest assured it will make a big difference.
Any Necessary Repairs
Repairs can easily be completed in the span of a weekend. In addition, to ensure that there are no visible red flags, have a walkthrough or seller’s inspection. This will pinpoint any areas that need to be worked on prior to selling the home. Things that may be simply annoying to you might be deal-breakers for a buyer. In particular, leaky taps, mould damage, or a faulty light switch could be the difference between that SOLD sign and spending weeks or even months languishing on the market.