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Sleepover Before Buying Your Home
Dated: January 17 2016
Making the decision to purchase a new home is a huge investment, and although it’s a lot of fun looking room prospective properties and imagining how your life could be if you purchased one, would you ever think about asking for a sleepover? According to an article in aol.com some people do just that, and when you think about it, this makes perfect sense as after all it’s the most expensive purchase most of us will ever make.
The article points out that a recent HDTV show called “Sleep On It” looked at this option in more depth, following buyers who had been able to sleep in two different homes before deciding which one to purchase. This gave them a valuable opportunity to test drive certain aspects of each home, and ultimately they did decide to purchase one of them. In spite of this it’s not likely to become a trend, but it’s something that real estate agents see every so often.
The question is would you allow someone to test drive your home? Apparently one real estate agent in New York City had a client who was looking for a new apartment with good water pressure and asked to take a shower in an apartment he was thinking about buying. Even though the seller allowed this and the buyer ultimately wanted to purchase the home the sale didn’t go through due to financial issues.
For those prepared to allow potential purchases to sleepover in the home or to test out some particular feature then the benefits can be pretty clear to see that it could lead to a faster sale due to the buyers being better able to visualize living in the property. Apparently it’s more common practice amongst retirement home sales and vacation home sales. Real estate agents point out that buyers shouldn’t be put off by minor problems that can easily be remedied, but should be on the lookout for more significant issues such as noisy neighbors or unexpected noise from nearby roads or railway stations.
Some sellers who do agree to this practice ask for a nightly fee as well as a security deposit which seems perfectly reasonable if they have to go and spend the night in a hotel, and even if this isn’t required then agents point out that a contract might be a good idea for both the seller and the potential buyer as this can address any liability issues.
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