Your house is for sale. Here’s a question I’ll bet you’ve never been asked before. Get ready because here it comes!
What Is Your Risk Reduction Policy?
“huh” you say. What in the Sam Hill is a risk reduction policy?
When you sell your home, it usually goes relatively smoothly. BUT – sometimes it doesn’t.
Sometimes something comes out of the blue, something you never expected. And sometimes this something can stop your sale dead in it’s tracks. Here are two of the unexpected events that can give you troubles, and how to solve them before they become an issue.
Sometimes, when the buyer does their home inspection, something serious can arise. Other times, a series of small matters of concern can scare away a nervous buyer. And other times, some new inspectors go totally overboard and actually scare the buyers away.
So how can you defuse this situation? This is what we suggest to all of our sellers. Make a small investment in the process. Hire a licensed home inspector yourself. Get a professional inspection. Invest $300 – $500 into making sure you don’t get blindsided by an inspection issue. A good inspection will let you know if, and what, issues will arise. And then take care of those issues. You’ll take care of them anyway if they’re serious issues. It will be less aggrevating and less costly to take care of them beforehand.
Next – the buyer will perform a title search. This is required by their lender. Rarely does an issue come up. But if there is an issue, it can be time consuming to correct the issue. We recommend that our sellers invest in a simple title search at the time we list the property for sale. The cost is usually under $250. We feel it’s better to know and be able to correct the problems before going to contract.