When you consider selling your house in a seller’s real estate market, you may encounter buyers offering way over asking price and getting into bidding wars.
While that might be the case in some locations and with some properties, that’s not generally the case if you have a hard to sell home for one reason or another.
Increasingly, buyers are looking for houses that are move-in ready and that aren’t in need of much TLC before they unload the moving truck.
There are a number of different factors that can make a house hard to sell. Are you wondering what types of homes are hard to sell and what you should do if your property falls into one of those categories?
If so, stick with us and we’ll take a look at everything you need to know.
Has a government body placed a tax lien on your home? Your city or county government, in addition to the federal government, can place a lien on your property if you haven’t paid taxes. A lien is a legal claim placed against your home.
Even if there is a tax lien on your home, you can still sell it. You might even be able to pay off the taxes you owe by selling your place if you’re able to sell it for enough money.
However, selling your home with a tax lien on it isn’t the easiest process. It can be best to pay off your tax debt or try to convince a government body to discharge it before you list your house on the market.
One of the simpler ways to deal with this circumstance is to sell your home to a “We Buy Houses For Cash” type of company, such as First Choice Home Buyers.
These companies are willing to purchase properties as-is even if they have tax liens or other types of liens on them.
Does your house have major issues and it needs repairs in order to be habitable? Even if someone could still inhabit the house, are the necessary repairs keeping the house from a buyer being able to find financing from a lender?
For many typical homebuyers, a house that requires significant repairs will be out of reach. They are usually putting most of their available cash towards a down payment.
Homebuyers might not mind if a property needs smaller, more superficial repairs, such as a new coat of paint, updating the lighting, or fixing a leaky faucet. On the other hand, big-ticket items can turn up as safety issues either in the eys of buyers, inspectors, or both. Some of these bigger repairs might include:
If your home is in need of some of these major repairs, selling your house as-is to a cash buyer might be a good option. You can learn more about how the process works if you’re thinking about selling your house for cash.
Maybe your home isn’t totally falling down, but it’s in need of some serious TLC. It isn’t the same process to sell this type of house as a more mint-condition property, but it won’t by default cause issues in the mortgaging process. That has to do with the any issues the house has, the lender’s qualifications, and what the inspector uncovers during the inspection.
Whether you inherited an old and worn down house or are just finding yourself googling phrases like “sell my house as is for cash,” selling to a cash buyer is a good way of avoiding the repairs, upgrades, and general spiffing up that is usually required when putting a house on the market.
Maybe your house is in fine shape, but the local market isn’t quite as hot as you want it to be. This can be a frustrating situation, because while you can repair damaged aspects of your home or slap a fresh coat of paint on it, you can’t really physically move your home to a hotter seller’s market.
Does the idea of having your home sitting on the market for months or even years give you nightmares? If so, there’s any easier, faster way. Selling your house for cash means that the home selling process can be over and done with before you would have even gotten it listed on the traditional market.
If you have a hard to sell home, there’s no need to worry. Just because your house might not do well on the traditional market doesn’t mean that there aren’t buyers out there that want to purchase your home.
While one option is to fix up your home first before listing it or deal with any outstanding liens, this can be costly, time-consuming, and super stressful. Instead of dealing with all of that headache, you could sell it to a cash buyer who will buy it in as-is condition.
At First Choice Home Buyers, we take care of the repairs so you don’t have to. Plus, if there’s anything you don’t want to take with you, you can leave it behind and we’ll handle it. If you simply want to sell your house and be done with it without dealing with repairs, upgrades, and cleaning, you can request a no-obligation cash offer today.