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Top 5 Defects & Estimated Costs Your Clients Should Correct Before Listing Their Home

Undoubtedly, as a realtor, you are all too familiar with how frustrating it can be to have a contract fall through because of issues found during the buyer’s home inspection. Naturally, most buyers want a move-in ready home rather than incurring more upfront costs for home repairs. Conversely, most sellers want to list their home immediately and get the highest price possible. While we recognize that it’s not always possible to convince sellers to do vital repairs before listing their home, the following details and cost estimates may help you persuade them.

#1-What You Should Know About Federal Pacific and Zinsco Electrical Panels

Being familiar with these two types of electrical panels can save you and your client unexpected surprises. It doesn’t take an expert to realize that the electrical panel in a home is extremely important. As such you want to ensure it’s working properly before listing a home. Both the Federal Pacific and Zinsco electrical panels were routinely installed in older homes, causing red flags from home inspectors.

  • Federal Pacific Panels: This brand was quite common in homes built during the 1950s and 1980s. However, it wasn’t until the ‘80s era that this system was linked to thousands of fires. Homeowners with the FPE panels would often experience short circuiting and overload issues due to the system’s failure to automatically shut down. Even worse, when the breakers were manually shut off, electrical power flow would still continue coursing throughout the homes. These occurrences some times led to fires or other safety issues.