What a Hole in the Wall

How many nail holes are acceptable when you move into a house?  There is not a stock answer to this.
Unless you are buying new construction, you should expect the home at closing to have some small nail holes here and there.  The more conscientious sellers will remove wall hangings well before closing, patch and touch up with matching paint every single hole – but that is the exception.  I have found that the vast majority of buyers will accept some small holes at the final walk-through, and the vast majority of sellers will balk at any demands that every single hole be filled and touched up.  Our contract states: “seller warrants that the property will be….delivered to buyer in its same condition…as it was on the date of this contract.”  When you go thru the home as a buyer about to make an offer, pay attention to how many items are on the walls.  Expect that many holes, as my interpretation of the above contract line says as much.  Of course there is room for disagreement in what that line means, but my experience with hundreds of walk-throughs is if they are hardly noticeable, they are acceptable.  Once they are readily noticeable (if you can see them across the room at a glance), they are no longer acceptable.  Most sellers realize this and make corrections accordingly, by fixing the more noticeable ones.
I have had buyers insert a clause into the contract stating that seller will patch and paint all nail/wall holes, which addresses the issue upfront.  However, that tends to make the seller less willing to negotiate with that buyer as they fear a difficult inspection process, especially if there is competition.  Other factors to consider:  How hard will it be to match the paint color and sheen if none exists; is the hole in wallboard or wallpaper; are you going to paint walls or strip paper anyway; how bad do you want the house; is it a seller’s or buyer’s market?  It is similar to addressing how clean the home will be left, it can be difficult to quantify and you risk goodwill by addressing the issue.  Not having matching paint and time to do it seem to be common reasons for sellers not to take care of them.  But with paint centers having the ability to closely match a sample you take in (quarter size taken from inconspicuous spot), and a little planning ahead, that can avoid the pain of a loud complaint the day before closing, when timing is much more critical.
In the end, as with so many things in selling homes, it pays to follow the spirit of the agreement, treating the other party as you would like to be treated.  Leave the home in the best condition you possibly can – it pays off immensely in buyer satisfaction, and ultimately the sellers too.
Happy Patching!

Home Listing Surprises

Don’t wait until you are listing your home for sale to go through all the dark areas of your home.  Take 2 weekends a year to tackle these types of projects:
  • clean out the garage
  • clean and organize your closets
  • empty out under the sinks and the pantry
  • inspect far corners of the basement
  • any other areas of your home and grounds that do not get regular attention and things tend to gather.
It is too easy for problems to fester in places that do not have routine activity and inspection, especially areas that have turned into an accumulation.  Now some people, I’m sure, routinely clean and organize all recesses of their home, but most of us let them go longer than we should.  Something starts to smell, drips turn into messes, messes into major problems with rotten wood and mold.  Insects and rodents can multiply unabated.  Termites can be happily munching on subfloors for years if unnoticed.  Water tends to be the worst offender with plumbing, roof and basement leaks.  Unless it’s gushing, it can be a silent menace that causes much heartache at selling time.  Lets face it – we get busy and things pile up.  Poke around and look for dampness, odors, staining, sawdust or small mud tunnels (termites), anything unusual.  Then take corrective action or call in a professional, don’t just cover it up – it will get worse.
Staying on top of every aspect of your home pays off in the long run as it costs less, eases your mind that you have a clean and maintained home, and is more useable while you are living there.  Every time a person cleans out a neglected area, they will think “I should have done this a long time ago!”  Especially if they take the opportunity to update and organize it better.  It leads to a happier and healthier lifestyle.
So go ahead and put this on the calendar for your next open weekend, or create an opening if you must.  It truly makes you feel better about your home and yourself.