Reply to Any downside to having realtor assess property for future sale?

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[quote=AroundTheBlock][quote=Anonymous][quote] What you fail to understand is the downside affects of this. From a novice perspective this may seem like a logical move, but in the end it makes selling your house more difficult. Let me explain.

When a buyer is interested in a house they will hire their own home inspector. That inspector will find all the issues (if any) and report it. These issues come into play during the price negotiation. If you need a new (repairs to) roof, repairs to the HVAC system, etc...those are all items that add up to the buyer having reason to lower their buying price. Now, if a homeowner does the inspection first and repairs the items prior to selling it always cost less and leads to less hassle. Also, if the buyer gets a reports of certain issues they are not comfortable with they may back out of the deal completely. If a buyer sees mold and freaks out they may back out, without even realizing that treating mold costs only a few thousand.

Therefore, as a property owner it is best practice to repair the needed items before placing it on the market so the buyer has more peace of mind. Also, the property owner is not "obligated" to transfer any information about the house regarding repairs. This is why buyers hire a home inspector. [/quote]

Disagree.  It depends very much on the market.  It is a seller's market right now.  Things are going fast, at full price, with multiple offers, and inventory is limited.  When we sold our pre-war home in the District several years ago in the same kind of market (an old home and there definitely were repairs needed), we would not allow an inspection before offers, much less pay for our own inspection.  We put it on the market on Friday.  Someone requested in inspection before writing an offer; we said no way.  Open house was Sunday, we had eleven offers that we went through on Monday night and chose the highest one, significantly over our listing price.  If they had raised a stink about the HVAC being ready to die or something, we would have maybe negotiated a few hundred dollars on the price and then let them back out while we moved on to the next offer.  Why would I want to pay for an inspection myself and then take on the hassle and cost of repairs in an environment where people are fighting to get their offers accepted, using escalation clauses, and willing to accept flaws and repair costs because they really want the house?  [/quote]

I respect your disagreement.  But, in the Washington DC area there are different markets in a variety of areas.  Fairfax, Arlington and Alexandria are very different from Fort Washington, PG County, Charles County, etc.  My opinion is based on the overall real estate market in DC.  I work in the industry daily and all over the DC area including Metro DC and as far down as Charles County.  You are correct some properties don't need repairs.  But, again that all depends on where the property is.  Fort Washington is not North Arlington and North Arlington is not NW DC.

Also, you are a homeowner selling your home to move.  My company sells homes and properties for profit.  We look at real estate a bit differently.  Your previous house was in a highly sought after market.  But, there is more to the DC metro real estate market than your area.[/quote]

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