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And more bad news on the housing market today the number of people signing contracts to buy previously owned homes.
Kelly took a nosedive last month plunging 26%.
To a seven month low so.
If you're thinking about putting your house on the market anytime soon it's easy to see how you might feel discouraged.
Our next -- -- having your home professionally inspected before it you put it on the market could make.
All the different that with this now -- Kathleen Kuhn house master home inspections CEO and that -- -- is president.
Of Long Island house -- welcome to both of you.
Who have so Kathleen first begin by -- -- what exactly pre inspection is all about.
It's moving the home inspection and to the point transaction that's an advantage for the home seller.
So the seller gets a house inspected there.
Educate on the conditions of the home and then they have some options they can make the necessary pairs.
Which is the ideal situation in today's market this is gonna follow up with that why is that a good ID in this market when it takes so long.
To turn -- house over to sell your house.
-- so many ways you can go about selling announced today and you have homebuyers coming into -- home this many neglected homes.
And the seller can take advantage of that by inspecting their house they can repair any condition that is -- defects.
Get more for the house they could -- repairs right then there.
They can prepare a report before the hallmark comes in because most homebuyers negotiate two to three times as what the actual cost it's.
Can you say when where the other how much this might expedite the home selling process.
Well we do -- that one out of every ten deals is is falling apart right now so.
Condition is never really played a bigger role and we know White House -- we're seeing an uptick in the number of realtors -- that are promoting.
To their sellers to get the house inspected and sellers taking advantage of that so made it it also addresses some of the lower appraisal issues so then what would you say then.
-- how does it help that -- the seller.
Set the sale pricing can you actually get more for your house -- getting these issues done and resolved ahead of time -- absolutely the condition of the home is a very big factor in the whole value equation.
And when when the real estate market is tight like that and house that's really been in business for -- -- year so we've seen this before.
The conditions -- a player bigger -- so it being the if there is a newer roof if there's -- heating system cooling system things like that those are all positive so a positive to the buyer and also positive when the -- the house's -- why wouldn't the buyer just wanna depend on that the sellers -- -- the sellers inspection -- inspector seasoning just kind of hope.
Perhaps that may be that.
Hi -- is inspector misses something then a kind of off the -- to make the put -- the money for those those necessary repairs.
When -- talking about the seller hiring -- inspector now and then when the -- hires there inspector.
As two different things -- right hopefully.
When we perform a home inspection for the -- of the -- comes in and sees that house master which is a national company.
Is doing legitimate report because you have started -- because as a buyer I don't know I'm necessarily and a trusted by sellers report.
Yes well read this to different -- -- seller reports you can have a checklist in which is very it just like a twenty minute inspection would be just to quick.
Run for the home we need a full blown report showing defects and depositors and it is the -- So any -- are concede that this is a professional report and they can -- that.
Home inspector who -- ready just to the -- inspection to to use them for the buyer walk through inspection.
OK so what Kathleen and she needs a home seller a seller -- -- to that person go through and what are the things to consider when choosing a home inspector.
Well that's a great question because even more importantly.
When a -- choosing a home inspection.
They're gonna want to make sure they get a qualified company -- -- and qualified report because satisfaction.
And that report will come under scrutiny so first what you wanna ask what kind of training has a -- -- -- has unfortunately many trade associations don't require any initial training.
Also -- -- tested annually because things changed so you wanna make sure that they are kept up to date.
Also asked -- they look covered porch and they deliver isn't a checklist report is that is a professional computerize report with pictures that really clearly.
Demonstrates and documents the condition of the home.
And then does the company offer guarantee will they stand behind their findings all right so you guys have a -- proceeds of the housing market in all of its woes -- -- pushed back a bottom for prices until next year now.
What are -- -- is it really as bad out there as we're hearing.
Well there is activity.
I mean there's there's many foreclosures short sell homes of vacant properties but there is I I think the economy's turning around.
For the most part do we sit -- seeing a little bit of an increase in sales.
In certain areas there are some other areas that are moving as quickly but this is a type of program -- inspection which will help move the house quickly.
And and then therefore you have a bar that -- that the house -- inspect making.
They can put -- -- in front one prospective home and advertise the home as a pre inspected products and therefore you can stand out from the competition.
All right we'll have to leave it there thank you both very much.
Kathleen Kuhn is the CEO of house -- Matt Caplan is the Long Island house master president thanks again.