A Seller's Necessary Repairs

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Why You Should Use a Realtor (R)

A Seller's Necessary Repairs

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What repairs should a seller make?

If you want to get top dollar for your Katy-West Houston property, you probably need to make all minor repairs and selected major repairs before going on the market. Nearly all purchase contracts include an inspection clause, a buyer contingency that allows a buyer to back out if numerous defects are found or negotiate their repair.
The trick is not to overspend on pre-sale repairs, especially if there are few houses on the market but many buyers willing to buy at almost any price. On the other hand, making such repairs may be the only way to sell your house in a down market.

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Last Updated ( Tuesday, 16 March 2010 )

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How bad is a previous foreclosure on credit?

A property foreclosure is one of the most damaging events in a borrower's credit history. In terms of the effect on credit history, a deed in lieu of foreclosure or a short sale is not as adverse an event as is a forced foreclosure.