Smart Home Sellers Avoid the Home Inspection Time Bomb

Serious home sellers along with direction from Realtors can easily navigate thru home inspection time bombs.  Seasoned listing agents help sellers avoid the home inspection contingency by ordering a home inspection on the sellers behalf before the home goes on the market.

The home inspection contingency across many states is the easiest way for many buyers to jump ship on a contract.  The home inspection contingency usually allows buyers the perfect exit to a contract at any hint of possible delayed maintenance or construction issues no matter how minor.  Buyers simply counter back unreasonable repair requests, cancel the contract altogether, and goes as far as trying to devalue the home in order  to renegotiate a lower price.  Canceled contracts in a declining market can be a major set back for home sellers.

To minimize these setbacks, it is strongly recommended that sellers have the home inspected before it goes on the market.  Don’t bury your head in the sand and hope nothing is wrong with your home.  Get the issues fixed ahead of time and get top dollar for your home. Use the your home inspection as a tool to lock down prospective buyers.  By heading off problems ahead of time, you can easily avoid contract cancellations and leave buyers with no wiggle room for cancellation with respect to home inspections.

Remember, serious and professional listing agents require home inspections for their clients ahead of time.  In many cases many of the top listing agents will not take a listing without one.  They do not like ticking time Bombs either. Selling homes is a serious responsibility and should not be taken lightly with a wait and see attitude especially in today’s market.  Take the time and effort to neutralize possible contingencies before they come back to haunt you.  Look for the next article on nuetralizing the dreaded financing contingency.

Short Sale and Foreclosure Tax Consequences

This is one of the big questions always asked by clients in these tough situations.  There is a lot of mis-information on this subject which leads to fear.  Fear of the unknown, just compounds these tough situations.  So, I have enclosed a link that should shed more light on the tax consequences of short sales and foreclosures.  This should help clear up confusion and hopefully some of the agony with respect to this “fear of the unknown.”   Hopefully this information will aid you in a most trying time.

Link to tax article: Go >>>>

Important:  Always consult a licensed professional if you are not sure about your situation.  Remember, a Realtor is not a CPA or an attorney.  So unless they are, always direct your technical question to a licensed professional.

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