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Why You Should Get a Home Inspection Before Listing Your Home

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Home maintenance isn’t always easy to keep up with. You live a busy life and have things to worry about. The last thing on your mind is if your home is in perfect condition all the time. It’s understandable, we all let things slide here and there but now you’re ready for a change and you want to put your home on the market. Which means some of those wall cracks or leaky pipes need to be fixed. Buyers are picky (rightly so) and they will hone in on all of those little and not so little problems to try to lower your asking price. Luckily hiring a home inspector will help you to keep your profits and fix those problems.

Hire a Home Inspector Before You List Your Home

Most people who are selling a home typically don’t think about hiring a home inspector before listing because why would you pay for something you don’t have to? Hiring a home inspector can help you to figure out exactly what needs to be fixed before you list your home.

Potential to Raise Your Profit

Buyers tend to pinpoint problems because they want a better deal but what if you took away any problems to pinpoint? Hiring a home inspector before listing will eliminate any chance of you being blindsided by massive problems in your house after the buyer’s inspector comes in.

A home inspection isn’t free but spending a little money to make more money makes sense in the long run. Having your own home inspection before listing your house justifies the cost that you list at and can give the buyer peace of mind.

You Can Make Repairs on your Own Watch

When the buyer does their home inspection and they find things that need to be fixed, typically you have to fix them or lower the price. Which leaves you stuck between a rock and a hard place deciding whether you should fix the issues within a short timeline or lower your profits.

Having your own inspection done before selling eliminates the chance that the buyer will be the one telling you what to fix and when. You get to fix your home at your own pace which will alleviate some of the stress that comes along with the already stressful process of selling a home.

Thank you for reading this month’s home selling tip! Check out Chuck’s Maintenance Tips for more helpful tips!

How to Reduce Mold in Your Washer and Dryer

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Chuck’s back with another home maintenance tip!

Before selling your home, your home will need to go through a home inspection. During this home inspection, the inspector will look closely at and test your washer and dryer. Over time, the gasket around your washer and dryer can build up with mold and mildew. Mold and mildew can be detrimental to your washer and dryer and keeping a close eye on it could save you a lot of money in the long run.

Reducing Mold in Your Washer and Dryer

After you finish with your laundry keep the washer and dryer door open to let air-flow in and out and prevent the moisture from building up.

We hope this months maintenance tip helps you keep mold out of your washer and dryer and in turn also helps you sell your house!

Thank you for reading this month’s maintenance tip! Check out Chuck’s Maintenance Tips for more helpful tips!

Rates decline, housing data reveals surprise upturn

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Good News in Consumer Confidence, Housing Market

Overview: Over the past week, investors grew more concerned that a trade deal between the U.S. and China may not be reached any time soon. There was little reaction to the economic data, and rates ended at the lowest levels in over a year. 

Following some optimistic comments from U.S. officials a few weeks ago, the trade talks with China seem to have stalled. The outlook for most investors now is for a lengthy period of uncertainty without a deal. Since tariffs and other restrictions on imports slow global economic activity, this lack of progress has been bad for the stock market but good for bonds, including mortgage rates. 

At first glance, the latest housing data appeared to be disappointing, but a closer look revealed the opposite. In April, sales of new homes fell 7% from March to an annual rate of 673,000 units, which was close to the consensus forecast. While this initially seemed like an unexpectedly large monthly decline, it took place because the March results were revised significantly higher to the best level since October 2007. 

Despite the trade tensions with China, workers in the U.S. remain extremely confident about the prospects for the economy and the labor market. The most recent Consumer Confidence report showed a much larger than expected increase to one of the highest readings in years. Notably, 47% of consumers polled thought that jobs are “plentiful,” which is the most since 2001. 

Week Ahead 
Looking ahead, the second estimate of first quarter gross domestic product (GDP) will be released on Thursday. The core Personal Consumption Expenditures (PCE) Price Index, the inflation indicator favored by the Federal Reserve, will come out on Friday. The Institute for Supply Management (ISM) Manufacturing Index will be released on Monday, followed by the ISM Services Index on Wednesday. The next Employment Report will come out on June 7. In addition, news about the trade negotiations could influence mortgage rates.