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Mark and Theresa Thoburn is one of The Top Selling Real Estate Experts Find Out More >
Most houses have a few "little" problems, like leaking faucets, a stove burner that won't light, or electrical outlets with too much "spark". These defects may not seem very important--unless your house is about to go on the market.
We rarely have difficulty getting sellers to agree to paint, replace worn carpets or plant a few flowers in the front yard. These kinds of repairs obviously increase the overall appeal of the property. However, if any of the major systems in your home need maintenance, it is also prudent to have the necessary repairs made. Have your furnace, central air-conditioning system, plumbing and wiring checked as part of your pre-marketing efforts. The best rule is--if it's broken, fix it!
The purchase agreement requires that a house be conveyed with all the systems in working order, and most buyers will bring in a home inspector to identify any potential problems. During the period of time between the "meeting of the minds" and the removal of the inspection contingencies, the buyers are the most vulnerable to an attack of buyer's remorse. This is also the time when anything that hasn't been repaired could become a major issue.
The term "jumbo mortgage" currently refers to a mortgage loan in excess of $359,650, although the threshold amount may change as the market fluctuates.
Mark and Theresa Thoburn Harcourts Laguna Niguel Phone: 949-378-7222 Fax: 949-282-0099 Email: MarkThoburn@cox.net
Unprecedented service with agents that you can trust to be there for you every step of the way. Whether it's the sale of your home or the purchase of your next, we are always looking out for your best interest.
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is brought to you by Mark and Theresa Thoburn, real estate for
Mission Viejo, Irvine and Laguna Niguel, California