When you are selling your home, there are a lot of things to think about. You have to decide what route you want to take: selling through a real estate agent or going the traditional route and selling yourself. There are benefits and drawbacks to both methods, but in this article, we will focus on the traditional sale process and how home issues can impact it. Many homeowners don’t realize that they need to fix certain issues before they put their home on the market, or they may not know how much these fixes will cost. Here are some of the most common home issues and how they can impact your traditional sale.
Foundation Issues
A solid home foundation is essential to the structural integrity of your house. If you’re selling your home, any foundation issues will need to be addressed before putting your house on the market. Fortunately, there are a number of ways to fix common foundation problems. Cracks in the foundation can be repaired with concrete sealant or caulking. Shifting foundations can be stabilized by adding piers or helical anchors. And sinking foundations can be lifted with hydraulic jacks. When selling to a traditional buyer, you better be sure the foundation is solid before listing.
Major Repairs
When selling a home, it’s important to be aware of any major repairs that will need to be made before the sale is finalized. For example, a busted plumbing system or a damaged roof can be major turn-offs for buyers.
And if the repairs are more significant, they can actually deter buyers from making an offer. Major repairs can also impact the bottom line when it comes to negotiating the final sales price. So if you’re selling a home that needs some work, it’s important to factor that into your asking price if going the traditional route.
Cosmetic Damage
When selling a home, first impressions are key. Many buyers will make up their minds about a property within seconds of walking through the door – and if there’s any cosmetic damage, it could be a dealbreaker. From scuffed walls to stained carpets, even minor imperfections can give the impression that the home has been neglected. Of course, cosmetic damage is often much easier and less expensive to fix than more serious issues, such as structural damage or plumbing problems. But if potential buyers see cosmetic damage, they may lowball their offer or walk away from the deal entirely. Selling a damaged home of any sort is always easier when selling to a cash home buying company.
Selling a home can be an incredibly tricky process, especially if your home has some issues. Most traditional home buyers will want your home to be problem free, or at least expect a steep discount for taking on issues. If you need to sell a home with these issues, be sure to consider selling to a cash home buying company to make the process smoother.
Still not sure if selling your home for cash is the right move for you? Compare the differences between a traditional sale and a cash home sale at We Buy Houses Richmond!