PHOENIX - You may notice your money taking a hit if you’re trying to sell your home right now. Prices are down for the second month in a row, with a typical single-family home going for $195,000. That’s the lowest price since August.
Experts say demand is dramatically lower than this time last year. But that all could change with a new tool which claims to make the process easier for both home buyers and sellers.
They’re calling the “Certified Pre-Owned Home Program” the first of its kind for Arizona. Unlike traditional sales, a “certified” home has already been through the inspection process before it goes on the market. They’re hoping this will be an incentive for buyers who like to know what they’re dealing with upfront.
“It is a joint effort between the inspection industry and the home warranty industry,” said Platinum Home Warranty CEO Carol Perry, who says realtors have been asking for this for quite some time.
“It makes the house more marketable, because you’ve got a product on your home which is giving some assurance to the buyers.”
A “certified” home would get the seal of approval after all the items on the list have been fixed.
“It’s really a unique product, and I think it’s going to be really fantastic for the sellers and also for the buyers,” Perry said.