Home Inspections Benefit Sellers

January 2, 2024 dennisjrathLeave a comment

The transparency offered by home inspections can contribute to transactions. Potentially result in higher sale prices.
Advantages of Home Inspections, for Sellers

Improved Transparency

By conducting home inspections sellers establish transparency that can build trust with buyers leading to confident and efficient purchasing decisions.

Enhanced Pricing Strategy

Having an understanding of the propertys condition enables sellers to accurately price their homes avoiding scenarios of overpricing or underpricing.

Mitigated Legal Risks

Inspections help identify issues, such as code violations allowing sellers to address them proactively and reducing the risk of future legal complications.

Understanding the Home Inspection Process

What Inspectors Assess

Home inspectors evaluate components like the roof, foundation, plumbing and electrical systems to ensure compliance with codes and proper functioning.

Preparing for the Inspection

Sellers should prepare by ensuring access to all areas of their homes and taking care of issues beforehand.

Leveraging Inspection Reports Effectively

Negotiating with Buyers

Inspection reports provide evidence for negotiating repairs or price adjustments with buyers.

Addressing Issues Prior, to Sale

Addressing any highlighted issues can enhance the appeal and value of a home often resulting in sales.

5.
Choosing the Right Home Inspector

Credentials and Experience

It’s essential to select an inspector who has the credentials and experience to ensure an assessment.

What to Expect from a Good Inspector

A inspector will provide you with reports and explain their findings in a way that is easy to understand.

Clearing Up Misconceptions about Home Inspections

Debunking Myths

In this section we will. Clarify misconceptions, about the home inspection process and its outcomes.

Impact on the Real Estate Market

Boosting Marketability

Homes that undergo pre sale inspections often attract buyers. Have a higher chance of selling quickly.

Influencing Buyer Decisions

Inspection reports play a role in influencing buyer decisions by giving them peace of mind about the condition of the property.

Financial Considerations

Cost Benefit Analysis

While there is a cost associated with inspections they can save you money in the run by preventing post sale disputes or price renegotiations.

Long Term Financial Benefits

Thorough inspections can lead to sale prices. Ensure a smoother sale process overall.

Legal Aspects to Consider

Disclosure Laws

Understanding and adhering to disclosure laws is crucial for sellers and inspections can be helpful in fulfilling this requirement.

Protection Against Future Claims

A comprehensive inspection can safeguard sellers against claims, from buyers regarding the condition of the property.

10.
Case Studies

Real Life Examples

In this section we will showcase instances where sellers have benefited from home inspections.

Insights, from Industry Experts

Perspectives from Real Estate Professionals

We will gather insights and opinions from real estate experts who will highlight the significance and advantages of home inspections for sellers.

The Evolving Landscape of Home Inspections

The Impact of Technological Advancements

We will delve into how advancements in technology’re shaping the future of home inspections.

Frequently Asked Questions (FAQs)

Addressing Common Queries about Home Inspections and Their Benefits for Sellers

Here we address five asked questions related to home inspections. Explain how they can be advantageous, for sellers.

Conclusion

Summarizing Key Points and Underscoring the Importance of Home Inspections in the Selling Process.

Ohio Real Estate Broker & Author Dennis Rath Celebrates Winning Prestigious Acknowledgment for his Work

July 10, 2019 dennisjrathLeave a comment

Dennis Rath a Real Estate Broker in Rocky River Ohio has been named for the second year in a row to the Cleveland Magazine Top Real Estate Agents list in the June 2019 issue.

July 9, 2019

Rocky River Ohio Real Estate broker Dennis Rath of Dennis Rath Home Sellers is well known for saving his clients’ money, without them sacrificing anything in service. In 2019 this averaged $2,895 a client, a number that is a few steps beyond remarkable in the opinion of most with experience in the real estate world. With over 25 years of experience, and handling each client individually rather than relying on a team, Rath has been able to maintain and replicate this high-level of success in a straight forward and transparent way. In exciting news, this excellence in his field has been recognized for the second year in a row, with Rath being featured on the Cleveland Magazine Top Real Estate Agents List, which was published in the June 2019 issue. He is also the author of two popular real estate related books, “Value-Driven Approach to Sell Real Estate: A Practical Guide to…” and “The Dennis Rath Home Sellers Professional Service Approach to Selling Real Estate”.

Rath commented, “I think my success has been my unique approach to selling real estate most agents are still using a one size fits all approach but charging a commission based on the sales price. So the marketing fee ends up totally disconnected from the actual work.”

“My clients have saved on average $2,895.00 and still received full service,” he continued clearly passionate about his work. “I use a sound approach developed over my 25 year career that’s straight forward and transparent. I don’t have a team so my clients never end up feeling like a hot potato, when a client calls I return the call. A number of my clients are not as comfortable with technology so I don’t force them into it. I still make house calls. I still believe in personal service.”

According to Rath, although technology has re-invented , transformed and revolutionized the selling of a home, the majority of real estate brokerages are still operating on a one size fits all commission-only business model, that has not changed since before the fax machine. The sales culture that is fostered in some of the biggest real estate offices hearkens back to boiler room style high-pressure sales tactics using bait and switch gimmicks like “I will sell your home in 61 days or buy it.” Things that are clearly trickery and not based on delivering value to clients or win-win situations, where all involved benefit.

Rath continued, pointing out while house values along with the average commission for Real estate agents have risen over the last 10 years recent market conditions and modern technology, has actually created a situation where it takes less work and outgoing costs, to sell a home. The industry in turn has not added more value to justify the increase in fees. Client property value has gone up because of economic factors and improvements they have done themselves, not because of the real estate industry. And recognizing that Rath works hard to keep his fees at a reasonable level that recognizes these realities rather than trying to act out of greed and selfishness.

With the real estate industry reaching what may be a pivotal point, pressure is beginning to mount from all sides. Several outsiders have picked up on the perceived vulnerabilities like the Class action lawsuit Moerhl v National Association of Real estate agents (NAR), and the Department of Justice investigating antitrust issues. Forced change may be coming to the industry and it looks like the “commission only model”brokers will be hurt first. Fortunately, this won’t negatively impact the few like Dennis Rath Home Sellers who already realize a new era for real estate demands new thinking, which is exactly what he is doing.

Rath’s reviews reflect his positive approach to realty.

Linked In Recommendation 07/04/2019

My family recently worked with Dennis Rath to buy a home and sell a home on the West side of Cleveland. The experience was fantastic! We were able to buy a home for my mother with the minimum of muss and fuss. Dennis managed all the details flawlessly. My mother’s home sold in less than a week at above the listing price and closed on time and as scheduled. All the advice Dennis Gave us from staging, to repairs to the appropriate list price to which buyer to pick turned out to be accurate and wise. Throughout the entire process he was diligent, organized, calm and just incredibly competent. We could not be more satisfied.

For more information be sure to visit https://dennisrath.blog.

Thinking of selling your home visit: https://www.dennisrath.com/sellmine

Email Dennis@Dennisrath.com Or just call (440) 600-9508

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Uncategorized

Why is the cost to market your home based on a percentage of the sales price?

January 4, 2019 dennisjrathLeave a comment

Why is the Cost to Market Your Home Based on a Percentage of the Sales Price?

Happy New Year! I hope everyone is refreshed and ready to start 2019 off on the right foot!

To start off the new year, I have a question for those of you who are struggling to price your home or wondering how pricing your home works.

Why is the cost to market your home based on a percentage of the sales price? Do you know?

Let’s look at an example to find out: if you sell a $150,000 home, the marketing commission would be roughly 4%, which is $4,200. If the exact same home sells for $300,000, that marketing fee goes up to $8,400.

Do you know what makes up that difference?

Is the paperwork different? No. The paperwork for selling the home for $300,000 is the same as selling the home for $150,000.

Is there more staff involved? No. The same amount of staff is involved in selling the $150,000 home as in selling the $300,000 home.

Does the copy machine run slower? Nope. The copy machine runs the same exact speed no matter what is put through it.

So, why do you get charged more for the exact same service?

I can’t think of a reason. Can you?

That’s my question of the day. You should ask your agent the same one.

I’d be interested in hearing your comments. Leave them down below or message me!

If you want to sell your home in a different way that will even save you some bucks, give me a call.

life and experience · Uncategorized

Selling for sale by owner? Here are the pitfalls to avoid!

July 6, 2017 dennisjrathLeave a comment

If you’re considering selling for sale by owner, you’re not alone as I can’t think of anyone who would be happy paying a broker $10,000+, even if they are a friend of yours.

I had a seller call me to discuss marketing for their home as they were on the market For Sale By Owner and she told me she had received at least 25 calls from different agents in attempts to list her home. They called and texted her cell phone, her daughters cell, and they were quite relentless, one agent even showed up at her door at 9am on a Saturday morning. I can’t believe how desperate some agents have become. If someone did that to me, I would have called the police. I think there is a fine line between being aggressive and being a pest, I am telling you this because if someone tells you that I engage in this behavior be rest assured its fake news.

I asked her what kind of marketing they were aiming to do. The vast majority had told her “don’t worry about that”; they would come up with a custom marketing program for her home. I am going out on a limb here but, I would guess it’s as custom-made as a vanilla ice cream cone and a word to the wise, if an agent tells you that they do not have a marketing plan at all then you better run as fast as your legs can allow

Selling For Sale by Owner

Rule number one- Have flyers that can be picked up off the yard sign. This is your best way to engage with a buyer directly. Tell them everything about your home and what you like best about the home and the street. Sell! Sell!! Sell!!! Send them to your website or video, better to have both though.

Next, statistically speaking, the buyer will have an agent with them because according to the last study I read, about 88% of home buyers use an agent or have access to one. So when an agent calls you, tell them that they can bring a buyer through (no preview without the buyer), you are willing to pay them something, but Do Not Agree on a certain percentage over the phone. When they come over, stay out of the way and when they finish touring the property tell them in front of the buyer that you are willing to pay 2% if the buyer buys the home. The buyers are in charge and if they love the home they will buy it, it’s quite unfortunate that the vast majority of agents are not sales people but rather ordinary tour guides.

Next, call around to title companies and negotiate for the best seller fees you can get and then include in your flyer the title company you have chosen to use. At the end of every tour, tell the agent what title company you want to use and if they want to use a different one then let them know that their company will bear the fees. This is crucial in order for you to avoid getting hooked with an expensive title company.

Last and most important, do not accept a contract without A Preapproval certificate for the purchase, Do not accept ”a Prequalification” and make sure you call the lender to check on the financing before signing the contract.