Take The Stress Out Of Selling! 
 

CPO or Certified Pre-Owned

 

Three stage process:

 

  1. Appraisal

  2. Inspection

  3. Home Warranty

 

Buyer's agents prefer to show CPO homes. It saves them time, and gives them peace of mind that the home is more likely to be a good fit for their clients and close.

 

Buyers prefer a CPO home, with all of the issues dealt with upfront.

 

Car companies do it all the time for $20,000 cars. Why do we think that it's 'normal' to market a $100,000 or more home without offering a pre-inspection, or using an agent to price a home? Or pricing a home by 'what we have in it'?  And then there's the issue with the contract process, when you have packed boxes and planned the move.

 

In old-fashioned real estate, homes go under contract, then most often a re-negotiation happens at the time of inspection, and often again when the home is appraised by the purchaser.  CPO puts sellers back in the driver's seat with full knowledge of the property they are selling, and in a better place to make more money and sell faster. 

 

The Inspection

The average inspection turns up 15+ items that need repair. At this point, you have to renegotiate the terms of your offer.  

  • Most buyer's agents will request a licensed contractor to make any repairs.

  • OR they will choose to leave the deal.  

  • OR they will choose to ask for an average of $2,000 - $2,500 as a credit for the buyer to make the repairs.

  • Our sellers spend an average of $500 fixing upfront, or they are handy and make minor repairs themselves.

 

The Marketing Appraisal 

Imagine the peace of mind you are offering the buyer, purchasing a home that has an appraisal in place.  

 

Home Warranty

Home ownership can feel like a stretch - particulary in the first year. 

A home warranty, or a home protection plan, is a one-year service contract that covers the repair or replacement of home system components and appliances that typically break down over time. A Home Warranty can:

  • Protect your budget from unexpected, covered breakdowns

  • Give access to a network of qualified contractors

  • Make requesting service easy either online or over the phone—24 hours a day, 365 days a year 

  • The Home Warranty generally covers the seller for many items that fail during the life of the listing

 

Pricing - All Pricing Is Approximate 

 

  1. Appraisal $350-$500 - depends on size of home / property

  2. Inspection $300-$500 - depends on size of home

  3. Home Warranty - depends on level - $500 and up

 

When do we pay as a seller?

Appraisal and Inspection fees are paid directly to the provider when they are conducted at the commencement of the listing. The home warranty is paid for at closing on behalf of the buyers. The home warrantly generally covers the seller - with a call out fee - for many items that fail during the life of the listing. 

 

And you can always Find your next home here!

 

 

 
 

Ready to get started and learn what it takes to be a Certified Pre-Owned Home?

Limited time offer! Save up to $500 at closing.


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Keller Williams Realty

930 S White Station Rd

Memphis, TN 38117

901.261.7900

Licensed in TN 294656