If some part of your home doesn’t pass inspection, it could delay or even doom your sale. If you pony up the cash to get a pre- inspection done, you’ll have every opportunity to make repairs yourself, before the bank finds out about the problems. You could also choose to make allowances in your asking price for the repair of any faults discovered after the home is out of your hands. Another route you could take is selling the home “as is,” but that’s a whole other ballgame. It really can’t be emphasized enough that you need to check with a professional before assuming anything. The rules for these sorts of circumstances vary too widely from province to province, even city to city, for you to leave anything to chance. The last thing you want is to have legal repercussions from this sale hounding you years from now. A home warranty is a great idea. Note: Home warranties are not the same thing as home insurance. A home warranty is becoming a more important incentive to prospective home buyers. These warranties are purchased by you, the seller, at the close of your property. A basic package is usually below $500 and guarantees many of your home’s features for a year. These could include major appliances, electrical, plumbing, and heating and air systems, among other things. Make sure you research and understand what you’re paying for, because there are all sorts of home warranty packages available. Having the one you’ve chosen on hand while showing your property can put your potential buyers at ease.
STEP 2: MARKETING YOUR HOME
Marketing isn’t easy, and it isn’t necessarily cheap. You probably chose to sell FSBO to save yourself money, so you’re going to 76
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