The Macchi Group
  • Home
  • Extraordinary Marketing
    • Full Motion Videography
    • 3D Virtual Walk Thru
    • Aerial Photography
    • Property Websites
    • Interactive Floor Plans
  • Staging
  • Listing Portfolio
    • Listings - Trina Macchi
    • Listings - Norka Santos
    • Listings - Edith Paley
  • Price Analysis Request
  • Search for property
  • Our Sales History
  • Sale Statistics
    • 2023 Sales Statistics
    • 2022 Sales Statistics
    • 2021 Sales Statistics
    • 2020 Sale Statistics
    • 2019 Sale Statistics
  • Our Team
  • Testimonials
  • Newsletter
  • Blog
  • Register as buyer or seller
  • Trina Gives Back
  • Contact Us
  • Website Accessibility

Trina's Blog

Selling Your Home? Make Sure These Potential Deal Breakers Don't Happen to You!

3/18/2017

1 Comment

 
Picture
One in four real estate transactions fall through before they get to the closing table. It’s these odds that keep me up at night worrying about my clients who are in the process of selling their home.
​

There are multiple reasons why some deals fall apart, but many are completely avoidable. Here are some examples:

Buyers might not get their loan commitment because
  • The appraisal comes in below sale price
  • Buyer looses their job or they change jobs after they are pre-approved
  • Buyer makes a large purchase after they are pre-approved
  • Buyer opens up new credit after they are pre-approved
  • Title issues on the property
  • Discover home is in a flood zone
Buyers get cold feet because
  • They felt pressure from a multiple offer situation
  • They feel that they settled due to low inventory
  • They listen to everyone's advice and opinions
  • They are overwhelmed by the home inspection report
Home Inspection issues from
  • Deferred maintenance (gutters with trees growing in them, yard, exterior paint/wood rot, etc.)
  • Mold
  • Radon in air (basement) and/or in water well
  • Open or no permits for work done by sellers
  • Open conservation order of conditions
  • Wildlife such as bats or squirrels in attic
  • Water infiltration
  • Well quality (Including Radon)
  • Failed septic
  • Structural issues
  • Safety issues
  • Pest/Rodent infestation
And more…But, many of these potential deal breakers are completely avoidable if both the buyer and seller agents are paying attention and doing their jobs.

Find Out What Your Home is Worth
Start Your Pre-approval process

​Here Is How I Avoid These Deal Breakers

One of the first things I do with a client who is going to list their home with me is what I like to call…

EXPLORE & PREPARE
This takes place in a seller’s home before deciding on a list price, before photos, staging, internet marketing and sometimes even before I've run comparable home sales in the area. It’s just me and my client exploring their home. It’s time consuming, but fun and very informative. Clients are able to show off upgrades they’ve made and I am able to provide them with preparation, staging and damage control advice as we move room to room.

As we discuss ideas and possibilities, I use the time to explore and look for potential issues that could kill a deal that may be so far off in the distance, I am the only one thinking about it. I credit sheer experience to giving me the ability to spot issues that need to be addressed before I recommend putting a home on the market:
  • Mold
  • Pest Infestations
  • Foundation/Structural Issues
  • Roof Leaks or Water Damage Evidence
  • Exterior Wood Rot
  • Safety Issues that an Inspector or Appraiser Might Flag​
If any of these issues are discovered during this exploration meeting, I immediately help them prepare a strategy to:

OVERCOME POTENTIAL OBJECTIONS BEFORE THEY ARRIVE
It’s not always easy to tell a client they need to repair a deck I’ve discovered is not up to code and unsafe or to remedy a mold issue or a rodent problem I've discovered in their attic. When you are living in your home, issues like these are not always as obvious as a dirty kitchen or pile of laundry.

If you’re selling your home, it is sometimes advantages to consider having a pre-listing home inspection performed on your home.  Since home inspectors will find issues with every home, having a pre-listing home inspection will give you the opportunity to correct issues that you may not be aware of before they become an issue for a potential buyer.   

It's a good idea to have the septic inspected and the well water quality tested prior to listing.  The icing on the cake is to make sure you heating/cooling system maintenance is up to date, the gutters are clean, the chipping paint and rotted wood repaired and...I am a firm believer in the power of the subliminal message of a clean house - including windows! These tips will go a long way in keeping your deal pleasant and stress free.

ON THE BUYER'S SIDE
If you’re buying a home, having a home inspection is prudent. It’s important to remember that every home will have some issues and that the primary reason for a home inspection is to uncover any HIDDEN major defects, it is not meant to be a punch list.

A seasoned buyer agent will help keep their buyers in check even before the home inspection, pointing out the obvious such as the age of the systems, roof condition and age, visible cracks in driveway or basement walls, exterior wood rot. These items should be taken into consideration prior to making an offer. It is not fair to the seller to use a home inspection to get a lower price on the house if it is an issue that was clearly visible to the naked eye during the showings. Squeaky hinges, dirty carpet, visible cracks in the driveway are not considered hidden major structural defects. Take a close look and consider the obvious when making your offer!

Finally, a seasoned buyer agent should be conducting due diligence on properties their client is interested in - ideally, before making an offer. Making a trip to the town hall building department, board of health and conservation commission to make sure there are no outstanding issues concerning the property is a must in ensuring a smooth offer and closing.
​

Demand Due Diligence From Your Agent

When you start the process of buying or selling a home and are interviewing Real Estate Agents to represent you, please make sure they are willing to commit to you fully and will conduct the due diligence required to prevent avoidable deal breakers from happening to you.

Sign up for the New England Real Estate and Interior Design Newsletter for more practical and useful information about buying and selling your home
1 Comment

    Author

    Trina Macchi is a highly coveted Realtor with extensive Real Estate knowledge of the Metrowest Boston area

    Archives

    October 2018
    September 2018
    May 2017
    March 2017
    February 2017
    October 2016
    May 2016
    April 2016
    March 2016
    September 2014

    Categories

    All
    Home Sellers
    Marketing

    Call Trina

Follow us on Social Media

Picture
Picture
The Macchi Group is committed to providing an accessible website. If you have difficulty accessing content, have difficulty viewing a file on the website, or notice any accessibility problems, please call 508-435-8000  to specify the nature of the accessibility issue and any assistive technology you use. The Macchi Group will strive to provide the content you need in the format you require. We welcome your suggestions and comments about improving ongoing efforts to increase the accessibility of this website.

Trina Macchi
Trina@TrinaMacchi.com
508-625-0929
William Raveis Real Estate
35 Main Street
​Hopkinton, MA
75 Central Street
​Wellesley, MA


  • Home
  • Extraordinary Marketing
    • Full Motion Videography
    • 3D Virtual Walk Thru
    • Aerial Photography
    • Property Websites
    • Interactive Floor Plans
  • Staging
  • Listing Portfolio
    • Listings - Trina Macchi
    • Listings - Norka Santos
    • Listings - Edith Paley
  • Price Analysis Request
  • Search for property
  • Our Sales History
  • Sale Statistics
    • 2023 Sales Statistics
    • 2022 Sales Statistics
    • 2021 Sales Statistics
    • 2020 Sale Statistics
    • 2019 Sale Statistics
  • Our Team
  • Testimonials
  • Newsletter
  • Blog
  • Register as buyer or seller
  • Trina Gives Back
  • Contact Us
  • Website Accessibility