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Real Estate Tips
Remodeling and Renovations >Water Problems

Sometimes there are defects in a house that the homeowners no longer notice, such as small leaks in the roof or a basement that only gets damp when it rains. When the house is on the market, they don't have a real sense of urgency about having such defects repaired. The real estate agent feels quite differently, however.

When buyers are deciding which houses deserve serious consideration, any kind of water problem may appear to be much more detrimental than it really is. The sellers may regard a damp basement as simply a sign that it's time to clean the gutters or check the soil buildup around the house or a leaking roof as a call for new flashing. But to someone who has never owned a home, these defects can be taken as signs that the house may not fulfill their primary need for shelter from "the elements." Renters may be perfectly willing to live in a home with minor water problems, but buyers are likely to pass up the same house if they think it won't keep them perfectly dry.

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Real Estate Trivia
Q 
What are considered the ideal conditions for a buyer's market?

A 
In a buyer's market, there are more houses for sale than buyers, homes take longer to sell, and sellers may have to cut prices.
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Tim Rowe, REALTOR®, real estate agent and broker for Mathews, Gloucester and Chesapeake Bay, Virginia home listings, property and land for sale - NUMBER1EXPERT

Tim Rowe
RE/MAX Bay Country

P.O. Box 1188
Gloucester, VA 23061
804-725-6099
Fax: 804-693-0580
timrowe@NUMBER1EXPERT.com

Tim Rowe has been selling Real Estate for 20 Years. He is an Accredited Buyer Representative, a Certified Residential Specialist and a member of the RE/MAX 100% Club and Executive Club.


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