It's time for The Savvy Realtor Podcast. I'm Walter Storholt alongside Angie Cole the owner and broker in charge of A Cole Realty serving you throughout the Triangle teaching you about the ins and outs when it comes to buying or selling a home. You can find the team online by going to A Cole Realty dot com that's A C-O-L-E Realty dot com or by calling 9 1 9 5 7 8 3 1 2 8 that's 9 1 9 5 7 8 3 1 2 8. And now it's time for one of the top realtors in the Triangle. Angie Cole and The Savvy Realtor Podcast.
Now if you're going to sell your house if you're getting ready to sell it you might see some home repairs going on around the house trying to get it ready to put it on the market and even if you're just a homeowner maybe you're not at that point yet you probably still hate doing home repairs. I personally have a busted dishwasher this week that I'm having to deal with and so it's really frustrating thing. We found a list of some of the most expensive home repairs and let's just talk about some of those things on the list. One so that you know what you're getting into and then too if you're getting ready to purchase a home. You can avoid that major headache and not sign up for that. So let's just go through our list here then we'll come back and talk about some of these repairs number one a foundation repair that sounds a lot more serious than the dishwasher repair. I'm doing this week a furnace or central AC repair or replacement I saw actually where my townhouse is listed is projected to go through that this year so I've got that kind on the back burner come out. Water damage. Never want to have to go through that one replacing the lawn converting to sod. Wouldn't have guessed that would be on the list right. No one's interesting. I can see that's a problem trim removal. I know that's a thing especially after the storms come through some of the hurricanes last year. Sure. Pest problems and then septic repair. Yeah. I don't even want to know. I don't want to get into that one. That's a massive problem. It is a messy problem to have actually unfortunately. I have a buddy of mine who's going through that right now. Just had it explode for lack of a better word and I've got to deal with that clean up no good. How often do buyers run into these issues. I mean some sad repairs. I mean the lawn replacement.
Yeah. The lawn replacement to me that one's a silly one. Just because to me that's a little bit more cosmetic. That would never come up on a so-called inspection report. So you know replacing the lawn and converting to sod you know if that's something that's important to the buyer that should be made part of the offer upfront. That's not something that you start to negotiate. Once we're under contract and it's not something that would ever come up on an inspection report. So you know if that's important to you keep that in mind as far as other expenses though I have definitely run into issues like need an AC replacement there's you know some unknown water damage maybe in the crawl space we've had termites you know tree removal and once in a blue moon that might pop up. But you know remember that when we are during our due diligence period that is a time that we get to negotiate with the seller. And so if some of those major items come up for example like foundation repair that's a material fact. So the seller if they're not willing to do it for you they will need to do it from the next buyer or they have to disclose it. So luckily there's a lot of protection kind of behind some of these major items same thing with like termites. If you have active termites you have to disclose that. So if you come upon it don't freak out. You know it actually termites are really prevalent and well-known unfortunately in our area area. Yeah. And so if we have you know maybe that pest problem of maybe termites you know as long as the termites haven't done too much damage on the home I wouldn't freak out a simple spot treatment could be done to take care of that. So we do have where a buyers you know run into these type of expenses but hopefully they're found during due diligence we're under contract so we can get those negotiated and taken care of. Right.
It sounds like the big things just to get some of those things out in the open and start that conversation take care of it up front so that you're not dealing with it later. Exactly. So that you don't lose a house over that as well you don't lose a sale over there will come back to that. Yes. Do you have a guide for sellers you know who are going through fixing some of these issues. What are some of the alternatives that you can do especially some of these bigger problems. I mean some of them.
Sure you know. So if we know for sure that there is some type of foundation repair that needs to be made. You know we suggest that they go ahead and make that repair upfront because that's again a material fact that we would have to disclose when we're listing the home so let's go and take care of that. As far as like a furnace or a central AC replacement if it's completely gone Ker plunk. And we need a replacement. Yes we need to do that up front. You know if it's something that maybe our AC is just older you know I always say if it's not broke don't fix it. We can put a warranty in place so I wouldn't you know highly suggest that we get that taking care of before we even hit the market any of the other items like yes if we need any type of scepter repaired there's no termites. Let's take care of all of those before we even hit the market. And the reason being is if the buyers find one issue especially a major issue they start looking for others and issues. It really could break a deal or scare a potential buyer away because they think that. OK the seller did maintain their home which that could be a concern.
Well and that was going to be my next question is how often do these things tend to sink deals I mean again the replacing the lawn tree or move. I don't really see that being a national foundation repair or even maybe they see replacement water damage I could see where yeah if unaddressed that could sink a deal.
Sure. Definitely have unaddressed up probably you know 80 percent of time is going to sink the deal if you don't address the items you know as far as the seller if they're willing to address the items typically a replacement of the AC buyers are fine with it as long as they take care of it. I have seen is still buyers decide to back out when there is a major foundation issue even though the seller say I'll get a structural engineer out there will take care of the issue that can really scare a buyer off. I have had before where there was just very minor termite damage or just termites found not even any major damage that was completed. But a buyer that was a buyer for one of our listings they decided to back out. I think it was a situation it was a first time home buyer. They totally freaked. And unfortunately I don't know if they just weren't educated on this. Honestly it's kind of the norm in North Carolina. You know we have termites all the time. So just be you know be cautious of these things but don't completely freak out and sink a deal because you find one of these issues. If the seller is willing to work with you is what I would suggest.
Yeah. It just shows the importance of working with your you know with your agent with your buyer and kind of identifying some of these issues early getting them out there and then not freaking out but figuring out options for there fixing them or negotiating what it's going to look like to handle that in the process of getting your home on the mall.
Yeah. I have an example we actually have a client who is I think they're about to close any day now. But part of the offer it was suggested that a AC replacement is completed and you know the buyers were made well aware that hey we have issues with the AC and they just made it part of their offer. You know so suggestion those items up front and so we're all on the same page instead of like I mentioned waiting until we get into our due diligence period to negotiate big ticket items like those you know that's not the best route. Go ahead negotiate those things upfront make them part of your offer. And so there's no surprises along the way no surprises.
Identify the problems get them out there and then get them handled upfront. Don't let a deal sink simply because you haven't you're afraid to approach some of these issues sure early.
So if you are thinking about buying a home or selling a home we have a great piece of information we love to share with you and it's called our home buying guide. And so it's the steps from start to finish it walks you through the process just said there's no you know unknown situations throughout the process or any hiccups like we just mentioned hiccups that could happen that could so-called sink a deal but understanding the process from start to finish is very important to make sure that you are educated and it's a smooth and seamless process. So if you would like to receive a copy of our home buying guide you can text the word contract to the phone number 5 5 5 8 8 8. So once again to get the steps from start to finish when it comes to purchasing a home. Also very useful when it comes to selling a home as well. Just text the word contract to the phone number Bye bye 5 8 8 8. To receive a copy of our home buyers guide.
Again that's the word contract to the phone number 5 5 5 8 8 8. Just text the word contract to the number 5 5 5 8 8 8 get a copy of that buying guide if you're getting ready to start the home buying process this is a great way to get some resources to help you along the way.
Just text the word contract to the number 5 5 5 8 8 8. You'll get a link from the team. You can put in your information pack and then get access to that buying guide. All you have to do now is text the word contract to the number 5 5 5 8 8 8. Want to come here on the savvy realtor Angie call
Let's shine a little light on some of the Triangle's best areas right here on the neighborhood spotlight.
Time now for the neighborhood spotlight here on the savvy realtor let's adventure to another part of the triangle and discover another great neighborhood. This might be a hidden gem or who knows this might be right around the corner from where you already are. Angie where are we going this week.
Yeah so we're headed over to Apex and our neighborhood spotlight is peak five a two at Beaver Creek. Now this is located right off of Kelly road and then Beaver Creek Commons drive. So just spectacular location is close to Beaver Creek crossings. Olive Chapel elementary Kelly Road Park and also public so spectacular location. This is a brand new neighborhood. They are still actively building in this neighborhood. It's a good mix of products. So we have both townhomes and we have single family homes. The really neat thing about this neighborhood though is we first of all we have a mentees with a pool. But it is also a low maintenance neighborhood meaning both townhomes and single family lawn maintenance is covered by the way. So low maintenance neighborhood as far as price point. We start off in the two 80s and we go up into like the mid for hundreds for a single family product. The square footage. They range anywhere from about eighteen hundred square foot for our townhomes and they go up to around 30 200 square feet for the single family. So once again a brand new neighborhood built by bees homes they are still actively building in this neighborhood. And our team we actually have a listing that is active and on the market in this neighborhood. So if you would like to get more information about peak of five or two at Beaver Creek you can give me a call directly my number is 9 1 9 5 3 8 6 4 7 7. Once again 9 1 9 5 3 8 6 4 7 7.
Again the number to call and find out more about this neighborhood is 9 1 9 5 3 8 6 4 7 7 you can call or text that number. It's 9 1 9 5 3 8 6 4 7 7 and it's just fascinating to see how quickly this area the triangle has blown up there's so much to do around there these days my aunt actually lived out there about 20 years ago and I remember going to visit her back then there were neighborhoods of course but they were older neighborhoods Oh yeah it was kind of detached from the rest of the triangle and now it's just everything is right there boom and it really is. So take advantage of it check out this new neighborhood call or text Angie call at 9 1 9 5 3 8 6 4 7 7 that's 9 1 9 5 3 8 6 4 7 7 more to come here on the savvy realtor with Angie call. It's time for the mailbag we want to hear from you
Let's take a question now from Skyler in Apex who says Angie. How do you think the market will do for sellers this spring. Would it be okay to wait until the summer to sell my home or should I go ahead and get it ready now in a few weeks.
Yeah great question Skyler so run with it and let's get it on the market.
We have already entered I would say into the so-called spring market and it is crazy out there. I was just telling you Haywood that we just put a home on the market and where he had around five to six offers first day of being on the market so crazy busy market right now. It's a known fact that when you list your home in the spring market you typically get. Just add tad bit higher of a value and I would say the reason being is because there's a lot more buyers that enter into the spring market. And so if we have more buyers there's more competition it creates urgency. And so then we get a higher sales price so. Skyler I would not waste your time with getting your home on the market also in certain areas. I know depending on the person that's looking in that area school systems might be important to them. And so oftentimes waited too long into the summer months they wouldn't have the option to go to the school because the schools maybe are then maxed out of where they'd want to send their kids to. So most families I tend to find they try to get into a home before summer approaches just so they know where their kids will be placed so go ahead Skyler let's get your home on the market sooner than later.
You've been listening to the savvy real tour podcast. I'm Walter store Holt alongside Angie Cole. She's the owner and broker in charge of ACO realty here in the Triangle and if you have questions for Angie we invite you to go online to a call real team dot com. Listen to past podcast episodes on the Web site read the blog and all the great information including the option to find a home right there on the website. That's a cool realty dot com and you can also call answer with your questions. 9 1 9 5 7 8 31 28.
The above audio transcript of "PODCAST 039 - MOST EXPENSIVE REPAIRS - ANGIE COLE.mp3" was transcribed by the best audio transcription service called Sonix. If you have to convert audio to text in 2019, then you should try Sonix. Transcribing audio files is painful. Sonix makes it fast, easy, and affordable. I love using Sonix to transcribe my audio files.
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