As home sales stall, sellers' fix-it punch list budget is 50% higher, data shows

According to new research, the fix-it budget for home sellers has experienced a price increase of more than 50% in the previous year as more houses for sale in the U.S. spend longer on the market.

According to PunchListUSA, a Charleston, South Carolina-based property-tech inspection and repair company that has operations in 14 major cities including Atlanta, Dallas, Denver, Phoenix, and Washington, D.C.

the average work order for repairs was about $3,831 in September as opposed to $2,537 at the same time last year.

The research conducted by PunchListUSA was based on work orders produced by its platform from more than 26,000 estimations. 

 Additionally, the company reported that compared to a year earlier, repair requests from property buyers are up more than 100%.

According to PunchListUSA Chief Financial Officer Mark Kearns, this is because many purchasers were previously ready to waive such contingencies.


Follow us on

Wealth Baba


US government says all Americans will pay much more for natural gas this winter