Your Home's Fall Checklist - It's time to prepare your home to withstand winter's frosty bite.
September 09, 2019
Take a moment a take a look at these helpful tips to give your home and it's components a seasonal check up. Great tips provided by Better Homes & Gardens online site.
It is so much more cost effective to keep ahead of a major problem coming up from neglect. Protect your investment with small routine and small seasonal projects.
As a Real Estate Broker for 32 years, I have found this to be true. I do a walk though and around the exterior, when I meet with homeowners to prepare to sell their real estate. If they have been neglectful of these routine things, I ask them what do you have available to budget for repairs and improvements. I put together a list of things for the homeowner to do, within the budget.
My job is to help them sell their property at the highest and best price. Any neglect can make a big difference in a buyer's perceived value and length of time on the market. Unless someone is purchasing at 'bargain' price, they want the house in move in condition.
Best example I can give them, is that many people do not want to mow and trim their yard or deep clean their house - so they surely are not interested in bigger projects than those. The neglected things can bring to the surface deeper problems, when the home inspector does his thorough review - this can quickly take the joy away from the homeowner when the buyer turns done the purchase based on the inspection . Or the owner may be handed a lengthty list of repairs to be done, for them to continue with the purchase.
A simple thing, if there is pealing paint on hand rails and around windows, it will not meet the minimum standard for many loans - certainly will not for VA or FHA financing or a USDA Rural Development Loan. These loans are 0% down payment or 3.5% down payment, the buyer does not have the 20% down payment invested as a conventional loan. The lender wants the VA, FHA, USDA to meet those minimum requirements, so the home is in a high standard of condition.
HEH - a side note - did you know if you purchase a HUD Owned Property - and it is insurable for an FHA loan - You will only need $100.00 - THAT IS RIGHT ONE HUNDRED DOLLARs - for your down payment. HUD will pay up to 3% of eligible closing costs for the buyer also. If the HUD owned home does not meet the minimum requirements at purchase time - the property could qualify for an FHA 203B with repair escrow or an FHA 203K - easiest to say - these are 'rehab' loans - the repairs and/or improvements are added to the loan and completed after closing.
- Would you like to know the current HUD inventory for any area?
- Go to KMMRealty.com and click on HUD inventory or go to www.HUDHomeStore.com.
- Or contact me
- Janice K Moores, Broker, GRI, TN 236740
- First Realty Co - Cookeville, TN 38501
- 931-260-2605 or 931-528-1573
- HAPPY FALL, Y'ALL