Do you want to learn more about how to sell a house with code violations in South Texas area? We can help! Learn more in our latest post!
When you own a house that is in need of continual repairs, simply owning it can become tiresome and frustrating. It may seem like you are making one repair after another, never really being caught up and always thinking about the next thing you will need to fix. Owning a house like this is expensive and incredibly stressful! Not to mention it can be a pain to deal with those code violations. Plus costly.
Calculating Repair Costs
Do you know how much it will cost you to bring your house up to code? Even with your best estimates, and help from professional contractors, you are very likely to go over budget. It is always safe to pad your renovation and repair budget by at least 20-30%. When you own a house that requires many repairs to make it livable, the costs can tend to snowball. Replacing a carpet can lead to the need to replace the flooring, which can lead to fixing a leaky pipe under the house and so on, and so on. Getting an accurate estimate can be tough! Before you dive into your repairs, make sure the value of the end product will be worth it! Just be aware that as you do repairs more things that need to be repaired will present themselves.
Selling As-Is
If you decide not to make repairs t the house, you can try to sell it as-is. There are two ways of doing this. You can either list it on the MLS with a local South Texas area agent or you can sell it outright to an investment company without any additional costs or repairs. If you list on the MLS and the house is not in a condition that is considered livable based upon lender standards, the house cannot be financed. Loan guidelines are strict upon condition and many items can prevent a house from being financed. Most Realtors® can advise you if they feel the house will pass lending guidelines.
Rescue Real Estate Help is a team of homebuyers who will pay you an excellent price for your house no matter what condition it is in. Learn more before you decide what to do with your South Texas area house!
Listing
Listing your house when it needs major repairs will take time and patience. Many people looking for houses in South Texas area will be turned off by the amount of work that is needed to make the house ready to move-in. The thought of making repairs and spending even more money after buying a home simply doesn’t sound appealing to many people. You will need to market the property to the right audience and make sure you are capturing all of the home’s potential in your ads. It is wise to enlist the help of a professional photographer in order to make your pictures stand out. People are very visual, if they see your listing with photos of a dilapidated house, they are likely to skip over it. However, great photos will help peak their interest, which will allow them to dive in a little deeper to see the home’s potential. And depending upon the condition it could be likely that the only retail buyers will have to pay cash even when the home is listed with an agent. And with a retail MLS sale, the buyers can ask for repairs to be done before they buy.
A Direct Sale
A direct sale of your house when it is has a lot of repair needs is often the fastest and simplest way to to go. At Rescue Real Estate Help we purchase properties of all sizes, shapes, and conditions. We want to create a win-win situation so you can walk away from the property without facing any additional cost or stress. Keep in mind, not all buyers are the same. Some will ask for certain repairs be made or will make you wait while they find a buyer to assign the home to. This is not the case with us. We are ready to buy your house immediately and can typically close on the property in only a few short days. If you are looking for a fast and fair way to sell a house with code violations in South Texas area, get in touch with us today!