• Roofing • Plumbing • Central heating and air-conditioning • Septic systems • Wells
If these components are outdated, not working correctly, or otherwise not in good condition, the home’s appeal and eventual sale price will be reduced. You may not have a well or septic system, but if you do and they aren't up to code, you might lose a sale or have to give a major financial concession to the buyer. Septic systems are often part of a buyer's Due Diligence Request for Repairs in the Sandhills region of North Carolina. Repairs start at about $1,800 and can top $10,000. Guess who the potential buyer expects to pay for that cost? You, the seller. Take the case of the sellers in one of my transactions. They were selling a home in Southern Pines after owning it for only two years. They hadn't ordered a septic inspection before buying the property. When the potential buyer had a septic inspection, the inspector found a major problem. The sellers ended up giving nearly a $10,000 price deduction to keep the buyer from walking away from the deal. It was an expensive lesson and added a lot of stress to the transaction. People want to purchase a home that reflects their aesthetic tastes and lifestyles, but also one that is safe and sound. Faulty electrical systems don't provide a feeling of safety. Leaky plumbing arouses concerns of mold infestation and sewage problems. These areas can require extensive work, and they are extremely important. Overlook them in the preparation stage, and you run the risk of trouble later with inspections and appraisals. According to the National Association of REALTORS®, heating and cooling costs were the most important environmental
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