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Home Selling in Worthington : Real Estate Advice

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  • Home Buying1
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Activity 3
Sat May 16, 2015
Abel Jones answered:
Hi Jeter,

If you would like a few referrals for agents in your area, I can refer 3 top producing agents (meaning that have many real estate transactions under their belt) and you can interview all 3 and select your favorite one. Let me know if you would like to learn more.

Kind regards,

Abel Jones
Keller Williams Realty
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0 votes 9 answers Share Flag
Sat May 16, 2015
John DeFourny & Megan DeFourny answered:
Interesting that this question is being asked by a REALTOR. It depends on the "need of a new roof". Is it leaking, stained or just old? Could it covered by homeowners insurance due to a covered event?

It also depends on the market, the house itself, the price and your selling strategy. If it is a pristine, move-in ready house, then it may make sense to spend the money you may not fully recoup.

If you have a fixer-upper that you are selling "as is", you may be ahead by not spending the money. If the roof is $ 6000 and you can only get $ 2000 additional in purchase price due to the new roof, it may be better to see what the Buyer asks for repairs-wise first. Not all buyers ask for the same repairs and it is sometimes better to negotiate.

Replacing everything you might think a buyer might ask for is often not the best strategy for the pocketbook of a seller.
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0 votes 14 answers Share Flag
Fri Dec 3, 2010
Edith Karoline Jasser answered:
We do not have enough information from you, to determine where in the process of buying and sales contract you are. Did you buy with the assistance of a Realtor? Then that Realtor should be making recommendations to you how to go about it. Did you have an inspection after signing the sales contract and during that inspection you found out that you need a new roof?

You see it all depends what your sales contract terms say, if you have any doubts contact a real estate attorney who will review the terms of your contract with you.... But without knowing, what you have done, what the terms are and where in the process you currently are, we cannot make any suggestions or recommendations other than discussing the issue with your Realtor if you worked with one, or better yet contact an experienced Real Estate attorney....

Make sure that legally you are protected whatever steps and decisions you are making next!
Edith YourRealtor4Life and Chicago / Northshore Connection
Working always in the very BEST interest of her clients
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