August 2010

Found 1 blog entry for August 2010.

When preparing to buy or sell a home it is important to distinguish between the big and little problems that exist.   A common misconception in many markets is that waterproofing a basement is considered a “money pit.” Barbara Corcoran, real estate expert on “The Today Show,” was recently asked about wet basements and its impact on the sale of a home.  She responded, “Oh, this one is a money pit big time. It takes a heck of a lot of money to repair.  Big money, $20,000.  You’ve got to excavate around the entire house to fix a leaky basement.  Not a good job.”  (Watch the video at this link: http://today.msnbc.msn.com/id/26184891/vp/37278452#38572676)

It is true that wet basements can be a big problem.  Due to the fact that most buyers view

1,387 Views, 0 Comments