Your house in Central Florida has been on the market for a while, but, finally, there’s someone interested in buying it. Unfortunately, in the process of due diligence of purchasing a home, the home inspection goes poorly. There might be findings like termite damage, outdated electrical wiring, or even problems with the foundation. As a result, you find yourself at a decisive juncture: do you pay for the costly fixes or are you stuck with the house you want to leave behind?
Negotiate with the Buyer
If you have room in your selling price, it’s possible to negotiate with the buyer. Some problems with houses can be made less objectionable by lowering the price of the house or offering to pay to fix them. Fixing the problem may lead to discovering other issues with the house.
If the sticking point is the roof, you could offer to replace an aging roof to keep the buyer interested. According to Home Advisor, the average cost of installing a new asphalt shingle roof on a house costs $7,280. If the roofers discover the roof joists are damaged and need to be replaced, the job becomes considerably more expensive and time consuming.
Update Your Home Based on the Inspection
If the buyer won’t bargain with you and pulls out of the deal, you can use the home inspection report as a guide to update the house. Although the report won’t tell you everything that is wrong (e.g., the inspector doesn’t take apart your walls to look for water damage), it is a good starting point to update the house.
The report may seem like a laundry list of things to fix. It could detail repairs to termite damage, water leaks, or structural risks. If the fixes on the house are overwhelming, there are other options to sell your house.
We Buy Houses for Cash
If you don’t want to go through all the trouble of hiring contractors to bring things up to code or think it’s too expensive to fix, contact LEDGE. We will buy your house for cash. Our real estate investors purchase homes in any condition.
For more information on how to sell your house, please submit our contact request form.
Disclaimer: This website is not a substitute for legal advice. If you have a serious legal, tax, or other issue requiring professional advice, please consult with an attorney or CPA.