Seller Beware: Common Obstacles for Home Sellers Part 1
When you decide to part ways with your home, you might be surprised by the lack of prospective buyers reaching out to purchase it. The housing market is stocked with unique homes competing for new buyers, so if you want to sell a house with issues or a need for repairs, it might sit for a long time before a prospective buyer makes a move.
As a seller, you will face many obstacles when trying to sell your home. The traditional real estate market isn’t always kind to homes that are ugly, damaged, or old, but we buy houses for cash in Clarksville, TN. In this two-part series, we will discuss common obstacles for home sellers. If you are wondering “who will buy my home in Clarksville, TN?” contact Gateway House Buyers.
Bad Roofs Repel Buyers
Prospective home buyers are always on high alert when viewing a home they suspect has a damaged or poorly installed roof. Inferior roofs can compromise a sale because the cost of a new roof can be as much as $30,000 or more. Even minor repairs, like missing or cracked shingles, can nullify a buyer’s interest in purchasing your home.
In the traditional market, buyers will inquire about the age and state of your home’s roof. It’s common knowledge that high-quality, well-maintained roofs can last anywhere from 20 to 30 years or more, so if your roof doesn’t meet this piece of vital criteria your sale could be compromised. On the other hand, our home investors will buy any home for cash.
Flood Zones Affect Value
In the last couple of decades, the United States has witnessed firsthand how powerful storms and resulting floods can demolish homes and terrorize lives. Hurricanes Katrina, Irma, Charley, Harvey, and Sandy all resulted in devastating floods. In many cases, the damage from flooding was more costly than direct damage from the hurricane itself.
As a result, prospective buyers are more wary of flood zones than in the past. Nobody wants to wake up to ankle-high water and a waterlogged engine, so if your home is located in a notoriously bad flood zone, you could discover that selling your home on the traditional market is simply not an option for you.
Upgrades Can Become Downgrades
Before you decided to sell your home, you upgraded it with an additional bedroom and an attached garage to facilitate your personal needs. Unfortunately, prospective buyers aren’t especially fond of your improvements, so now these costly upgrades are resulting in a diminished price tag. Although you might look at your home and see added value, buyers might only be able to envision the exorbitant costs associated with starting over from scratch.
In part two, we will continue to discuss common obstacles for home sellers. If your home is sitting on the traditional market collecting dust, contact Gateway House Buyers to get an instant cash offer.