Trouble with Selling a Fixer Upper

(October 24, 2016)

Selling a home in today’s market is tough enough, but if you’ve got a home that’s run-down, in bad need of major repairs, and perhaps isn’t even in live-in condition, you’re going to have a much harder go of fixerupper.pngthings. Buyers looking for fixer upper houses for sale are likely to be savvy and know exactly what to look for when it comes to choosing a project home. Here we’ll take a look at some of the biggest problems for fixer upper sellers:

Hazardous materials: things such as asbestos and lead paint are a big red flag. They require expensive and time-consuming remediation and many buyers will shy away because of this.

Structural damage: this could be a crack in the foundation or unstable load-bearing beams. These are serious problems that most people aren’t willing to mess with.

Electrical problems: replacing outdated and/or dangerously impaired wiring is a large undertaking that goes far beyond quick cosmetic repair.

Outdated/damaged windows: replacing windows is a significant renovation cost and will sometimes deter even the most experienced of buyers looking at fixer upper houses for sale.

Serious roof damage: new shingles are one thing, Damage that extends into the attic walls and insulation is quite another.

If you have a home with these kinds of severe issues, you could put it on the market and hope for the right buyer looking for fixer upper houses for sale – or you could sell it to us and get cash for your home without the stress of finding the perfect buyer.

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Jennifer Shenbaum

Written by Jennifer Shenbaum

Jennifer Shenbaum is a real estate investor based in Southern California. She is a veteran of the housing market crash of 2007. Best of all, she offers free remodeling ideas to all who ask.

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