Tag Archives: house

Does Your Home Still Work for You?

All over the country, the lack of homes for sale continues to be a concern. Pent up demand and multiple offers are prevalent while homeowners, concerned about the possibility of not finding another home to suit their needs, are sitting on the sidelines, not putting their home on the market when under different circumstances, they would.

I think it is important to remind my clients that your home isn’t just an investment. It is where you spend your days, your nights, where you celebrate, and make memories. It is so much more than numbers on a piece of paper. Your home needs change over time as the lifestyles of the people living there change. So instead of trying to time the market, maybe you should be asking yourself if your home is working for you the way it once did.

Here are some questions to ask yourself (and your family members if applicable):

  1. Do the number of bedrooms and the configuration of these rooms meet our current needs?
    Remember to also think about both your parents and children’s needs not just now, but a year or more down the road.
  2. Do the public areas of our home (such as the living room, dining room, kitchen, and powder rooms) work with how we live and prefer to use them?
    For example, if you often have several teenagers over and they always take over the living room, relegating you to your bedroom, then you may want to rethink your preferred public area setup.
  3. Does our home support the way we live?
    If you are an avid chef, does the kitchen meet your needs? If you have an active family with a lot of sports equipment, do you have room to store it all? If you are paying extra for a storage unit each month or have a completely crammed garage, give this question some thought.
  4. Is the location of our home ideal for work, play, and school?
    If you spend a lot of time in the car, it might be wise to take a closer look at this and determine if there is a more-optimal location to live.
  5. Can we do everything we want on our property?
    If you want to raise chickens, is your property zoned to do that? Is parking a challenge? If you want to work on your car in the driveway, are you allowed to do that?

If these questions have you wondering if your home is indeed still working for you, give me a call for a no-pressure consultation. I will show you the types of properties currently on the market with the amenities and location you are looking for along with the price so you can determine if a move could be worth it. Don’t feel like because the market isn’t optimal for buyers right now that a move isn’t possible. Let’s talk about your options.

Inspections – Yes? No? Pre? Post? Huh?

Your friends and family say that an offer stands a better chance at winning in a multiple offer situation if you waive an inspection.   But other friends and family (you have lots of friends and a big family) say you should never buy a house without an inspection.  What to do?

It’s great to have such friends and family that are trying to help you get the home you want.   The short answer is, I do not recommend waiving an inspection. I have seen too many issues hiding behind fresh paint to feel an inspection is superfluous – even with new construction.  But there are ways….keep reading, you house-buying warrior….

Having an inspection gives you the opportunity to get to know the bones of the home and discover the minor or major issues of the property – important information for any future homeowner.  Even if a home is being sold “as is”, it is worthwhile to have an inspection done so you can get an idea of what it would cost to do the needed renovations.

Ok, you’ve got the “why” for doing an inspection.  But in this hotter than hot market, how can you compete and still have an inspection?

One strategy that buyers can do is to get a pre-inspection. In this scenario, the buyer would pay to have an inspection done before making an offer on the property so they can know the possible fixes the property needs ahead of time and decide whether they want to move forward with an offer or not.

But (why is there always a “but”?)….

There are pros and cons to having a pre-inspection. First, not all sellers will agree to a pre-inspection (we’ll know because it will be in agent remarks or I’ll ask the Listing Broker). Second, the buyer pays for the inspection out-of-pocket and the seller may not even choose their offer to accept, causing the buyer to walk away empty-handed.   That’s not fun, and can get expensive.

However, a pro is that the inspection itself no longer is a contingency in the offer, making your offer more attractive to the Seller.   (Because after an offer is accepted, the inspection contingency is a way out of the deal for the Buyer and Sellers don’t want to have to sell their home again.)

Another situation is that Seller may have already had a professional inspection done of their property and therefore a buyer inspection is not necessary. It’s better than no inspection at all, however, I still advise buyers to have an independent inspection completed.  If something was missed on the inspection, the Buyer may have recourse with the Inspector if they paid for the inspection.

If you are thinking about buying and want to know more about inspections give me holler, as you can imagine, I love talking about real estate!   206-930-2922 (voice and text) – dales@windermere.com