This is the third of five blogs from The Lanham Group on preparing and showing your Fort Lauderdale home to win over a prospective buyer. In this post, Gary Lanham addresses why a pre-inspection is so important. See below for the video and read on for details!
The home your real estate agent is listing for you in Fort Lauderdale, Lighthouse Point, Wilton Manors, or Victoria Park is a beautiful property you’re convinced will fetch top dollar. A key selling point: the timeless charm it holds because it was built in the 1950s or 1960s.
Yet, whether an historic beauty or a modern marvel, residences often have hidden “surprises” that may foul up negotiations – and affect your eventual sale price.
A Pre-Inspection Helps Avoid "Surprises"
We’ve all devised simple work-arounds to make the alarm system, electrical outlets, or other non- or malfunctioning systems work a little better. But if one of several big-ticket components fail inspection prior to closing, you could face costly credits to the buyer.
A pre-inspection by a certified home inspector that your real estate agent works with can help avoid any surprises, ease negotiations, and ensure you get top dollar. Consider these potential issues:
This is especially important in older homes with circuit breakers or fuse boxes. For homes built pre-1960s, these can include Zinsco, Sylvania, or Federal Pacific boxes. It can also include boxes not properly grounded or homes with older wiring. The buyer could try to get a $1,000 or more in credit at closing to bring the system up to code or levels insurance companies will cover.
Do you know what “galvanized” pipes are? I bet your buyer’s inspector does. These steel pipes were zinc coated to prevent corrosion and rust. Common in homes built before the 1960s, they’re now prone to corrosion and leaking. Using a camera snaked down drains, an inspector can tell whether yours are in need of repair or replacement.
Roof, AC, and termites.
Older roofs and air conditioners considered within two years of their life-span are prime for negotiation. Home insurance companies especially balk at covering an aging roof. While many South Florida homes are built with concrete block and stucco (CBS), the dampness created a breeding ground for termites. A pest inspection can alert you to their presence.
Homebuyers are sophisticated. Don’t get caught off guard. The more you discover through your own pre-inspection, the more you can remedy – and avoid – costly credits at closing.
Gary Lanham Group at Coldwell Banker Residential Real Estate is a boutique real estate organization offering sales, leasing, and brokerage services to the Greater Fort Lauderdale area. A listings agent matches home sellers with buyers and tenants with landlords. While Broward County is our universe, we focus on Coral Ridge Country Club, Imperial Point, Oakland Park, Wilton Manors, Pompano Beach and the surrounding areas. Call us today at (954) 695-6518 or visit www.GaryLanhamGroup.com.