Have you ever factored in all the costs of keeping a property in tip-top shape?
Talking about repairs and maintenance is always a delicate subject. A decent portion of homeowners in the United States does not realize what it takes to properly maintain a house in order to make sure it is up to the minimum insurable required standards. If you are considering selling your home in Florida, having a property that qualifies for insurance as well as lender’s inspections is a must to avoid hitting road bumps when trying to find a retail buyer.
Since buying a house is a huge commitment – and many times the realization of a buyer’s lifetime dream – buyers look for properties that have been well kept over the years. Data has proven that, in the past 5 years, the average sale timeframe on a Single-Family Home in the US can range anywhere from 45 days up to 180 days, depending on how well the property is presented, kept, and up to date. Those are all factors that will attract buyers’ attention and increase your chances of having your property under contract
Then, once that celebrated offer turns into an executed contract, a period of inspections will start, and if the requirements of the insurance company and/or the lender are not complied with, the property might not appraise or the loan might not be obtained, meaning the sale will not go through.
What to keep an eye on when looking to sell your home
Here are the top 10 most important things that might get you stuck with your house if not repaired prior to listing/selling:
- Appliances not working and/or in bad condition
- Broken locks
- Clogged drains
- Dripping faucets
- Garbage disposals not working
- Dated or not working HVAC system
- No hot water
- Pest control problems
- Leaky ceilings
- Old or damaged roof (most insurers will refuse to cover homes with roofs over 10 years old)
The costs can vary depending on the size of the property and the condition of each one of the items above, which can go from a couple of thousand to more than a hundred thousand dollars. It’s also important to keep in mind the time spent on the repairs, as well as permit fees and other unexpected events that may occur.
How can I avoid the hassle of having to do the repairs and still be able to sell my property?
If you want to avoid the hassle of dealing with costly repairs – or even of having to go through a full-gut rehab! – one of the best options would be selling your property for cash, as-is. This process is the fastest and most convenient way to sell your home, in which you will be able to skip not only the renovations but also the endless showings, insurers/lenders inspections, commissions, and other fees common to the usual sale process. Not to mention the timeframe: a cash sale will save you months – or sometimes even years!
Where can I get a cash offer?
Here at Homeinc we provide the best evaluation for your property and will give you a real-time cash offer, either over the phone or through our website. We pride ourselves in working only with highly qualified licensed real estate professionals, who will walk you over the entire process, making everything simple and hassle-free. We will give a free cash offer!
Please give us a call today at 1-888-850-2636 and talk to one of our acquisition specialists!
Author: Felipe Giustina