Pre-certified homes now offered in Arizona

PHOENIX - You may notice your money taking a hit if youre 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. Thats 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.

Theyre 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. Theyre hoping this will be an incentive for buyers who like to know what theyre 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 youve 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.

Its really a unique product, and I think its going to be really fantastic for the sellers and also for the buyers, Perry said.

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Pre-certified homes now offered in Arizona