Selling home, cash needed on hand?

Ok.. seems to be a 50/50 split on get it now or wait... DON'T DO IT!

If you're worried about the time to fix something down the line don't be. If a buyer truly wants your house something like a broken seal in a window isn't going to stop the purchase. Now if you obviously know the house needs a roof, has mold problems, leaky pipes, etc....well that goes without saying. Basically, you dont need someone to tell you those items are broken.

If you go and get an inspection now I can almost 100% guarantee you that any realtor worth their commission is going to require another inspection. On top of that some lenders are now requiring it for financing.

Just save your money and negotiate w/ a buyer.. I mean from what you're saying you are going to have some leverage.... you're offering to pay "some" of the buyer's closing expenses.... Paying $3000 of their closing costs negates the fact that one of the double hung windows doesnt stay open on it's own anymore.... atleast in my book.
 
Wow, thsi is not at all what I expected from this thread. Figured it'd be long done by now.

I won't get the inspection now, instead take soem helpful tips from "those in teh know" and just go over the one from when I bought it 6 years ago, check that all of that has ben fixed in the meantime. Thanks guys.
 
Brit-Bloke said:
You're living in fantasy land.......
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Made mine do it in Columbia in 1996. She recommend it. So I said fine you pay for it and take the responsibility. If you sell the house I will pay you back the fee at closing. She thought it would help her sell the house. I had my lawyer draw up the agreement. I paid her back at closing. BTW, I am a PE in civil and agricultural engineering and told her I didn't need an inspection.I also had a real estate license at the time.
 
Yea, I gotta say inspectorscan be a major PITA. I was in home repair just previous to going back to BMW and I delt with a ton of home inspectors, MOST of whom had no idea about anything. Saw a number of them freak out about the little bit of water that drips from the shower diverter when the shower is on. We installed 3-4 NEW ones that leaked just exactly the same. They have to find something wrong to justify the price so you get. Outlet plates that are loose and other things that if the new (or old) homeowner couldn't do, shouldn't own a home.

Our home will go on the market this coming sunday and as far as I'm concerned, it's the prospective buyers job to get the inspection. It's buyer beware, so do your research. When I buy another home I'll do the inspection myself unless required by the lender, then, I'll still do one myself to find out what the major issues are and not worry about the loose switch plates.
 
YellowjeepCj said:
Made mine do it in Columbia in 1996. She recommend it. So I said fine you pay for it and take the responsibility. If you sell the house I will pay you back the fee at closing. She thought it would help her sell the house. I had my lawyer draw up the agreement. I paid her back at closing. BTW, I am a PE in civil and agricultural engineering and told her I didn't need an inspection.I also had a real estate license at the time.
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Stupid is as stupid does I suppose.
I dare say you could find a hungry novice realtor around here who would do the same. However if there are checks and balances in place the company he or she belongs to would/should see this situation as a potential liability landmine and nix the idea.
I know I would if any of the 750 realtors who belong to my company ever suggested this kind of agreement to me. Errors and Omissions insurance? Not a chance in my opinion of coverage if anything went wrong and a claim was made....
 
After having purchased two homes and doing the inspections myself (shop for lenders that don't require tons of BS to do a loan...) I still think that it is a complete waste for some people. Same goes for Realtors. Waste. (Sure to offend at least a few here).

As for asking a realtor to pay for the inspections, I think that's a great idea. Might as well get something for the thousands of dollars paid out to them. Otherwise all they do is save you from a few phone calls...
 
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