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Inspection Reveals The Roof Is Bad

by The Colorado Springs Group™

While it's more common to happen in the Colorado Springs area than in other areas, it's not the end of the line and can often just be a small bump in the road.

Emotions can run high with any type of negotiations in the buying/selling a home. While it's important to try to keep emotions in check, your realtor should not have any emotional involvement at all. They should be representing you and your best interests, and be ready to handle these types of things.

First, be thankful. Fixing or addressing a roof is much easier than dealing with structural issues, non-permitted work done to the home, and legitimate safety hazards. Here are just a few options moving forward: 

1. Lower the price of the home by a certain amount, not necessarily the price of the roof

2. Get a 2nd opinion from a licensed roofer

3. File an insurance claim

4. Set money aside at closing (escrow)

5. Consider allowing the buyer to pick the new roof color

6. What else did the inspection reveal, maybe the new roof is a generous request?

7. Is this an opportunity to get a 50 year roof instead of a 30 year roof?

These are just some options people often don't think of because emotions are running high. The truth is they shouldn't have to think of them, the Realtors involved should have options like these in mind. If the current roof wasn't permitted, the Realtor should know before making an offer at the beginning. If the roof was permitted, the Realtor should know how old it is before making an offer at the beginning. These things can help prevent surprises with the roof at inspection. It's easy to find information. If the roof is the only bad thing in inpections read about Bad Inspections to understand it can get a lot worse. 

2012 Third Quarter Sales Activity

by The Colorado Springs Group™

Broken down by area to give a better prospective on the results from the third quarter. Single Family & Patio Homes

Black Forest: 47 Sales for a total dollar volume of $18,739,274

Briargate: 196 Sales for a total dollar volume of $60,441,072

Central: 199 Sales for a total dollar volume of $35,550,713

East: 162 Sales for a total dollar volume of $27,732,349

Fountain Valley: 325 Sales for a total dollar volume of $59,623,825

Falcon - Peyton: 131 Sales for a total dollar volume of $30,685,448

Marksheffel: 35 Sales for a total dollar volume of $7,518,031

Northeast: 249 Sales for a total dollar volume of $56,626,671

Northwest: 95 Sales for a total dollar volume of $29,998,337

Northgate: 92 Sales for a total dollar volume of $33,591,886

Old Colorado City: 60 Sales for a total dollar volume of $11,254,616

Powers: 266 Sales for a total dollar volume of $54,045,588

Southeast: 135 Sales for a total dollar volume of $16,622,972

Southwest: 131 Sales for a total dollar volume of $40,258,745

Tri-Lakes: 132 Sales for a total dollar volume of $50,337,267

West: 47 Sales for a total dollar volume of $13,247,100

"Based on information from the Pikes Peak REALTOR Services Corp. ("RSC"), for the period 7/1/2012 through 9/30/2012.  RSC does not guarantee or is in any way responsible for its accuracy.  Data maintained by RSC may not reflect all real estate activity in the market."

 

2012 September Sales Activity

by The Colorado Springs Group™

Broken down by area to give a better prospective on the results from September. Single Family & Patio Homes

Black Forest: 16 Sales for a total dollar volume of $6,028,362

Briargate: 59 Sales for a total dollar volume of $17,312,851

Central: 60 Sales for a total dollar volume of $9,103,575

East: 51 Sales for a total dollar volume of $8,239,799

Fountain Valley: 88 Sales for a total dollar volume of $16,375,719

Falcon - Peyton: 25 Sales for a total dollar volume of $5,764,900

Marksheffel: 13 Sales for a total dollar volume of $2,701,243

Northeast: 69 Sales for a total dollar volume of $16,504,787

Northwest: 27 Sales for a total dollar volume of $8,806,275

Northgate: 31 Sales for a total dollar volume of $11,000,755

Old Colorado City: 26 Sales for a total dollar volume of $4,736,183

Powers: 71 Sales for a total dollar volume of $14,431,610

Southeast: 38 Sales for a total dollar volume of $4,649,997

Southwest: 33 Sales for a total dollar volume of $9,364,664

Tri-Lakes: 34 Sales for a total dollar volume of $12,926,630

West: 16 Sales for a total dollar volume of $2,926,550

"Based on information from the Pikes Peak REALTOR Services Corp. ("RSC"), for the period 9/1/2012 through 9/30/2012.  RSC does not guarantee or is in any way responsible for its accuracy.  Data maintained by RSC may not reflect all real estate activity in the market."

 

Displaying blog entries 1-3 of 3

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The Colorado Springs Group™
6665 Wild Indigo Drive
Colorado Springs CO 80923
(719) 799-3686

Kevin & Jessica
The Colorado Springs Group
6665 Wild Indigo Drive
Colorado Springs, CO 80923
(719) 799-3686