Older homes have charm, and that can be a great selling point. However, unless they have been updated, they also likely not up to current local building code. These code violations are usually discovered during the selling process when a prospective buyer request a home inspection. Often, the inspector will uncover a laundry list of significant repairs that need to be made to bring your home up to code.
Costs of Code Violations
Building codes change constantly and sellers are often surprised by just how many code violations they have. These violations will almost always result in extra costs to you. The buyer may ask that you lower the price in an amount comparable to the estimated cost of the repairs. This means less revenue for you. In some cases, a lot less.
Alternatively, you may be asked to make the repairs before the sale so that the buyer can have the home re-inspected. This is an expense you had not counted on, plus the extra headache of finding reputable contractors, supervising their work and waiting for another inspection. And to add insult to injury, if for some reason the inspector finds fault with the repairs you’ve made, you may still be asked to lower your selling price anyway. At this point, you may be so ready to get the house sold that you are willing to take the hit.
Fortunately, this entire process can be avoided through selling to a home investor.
Home Investors and Old Homes
Home investors such as SellMyHomeToday.com can make an attractive cash offer on your old home, even if it happens to be outdated and not up to code. This can be highly cost-effective in that there are no home inspections or repairs required prior to the sale. Just schedule an appointment by phone or online. We will come look at your home and make you a cash offer on the spot.
If you are trying to sell an older home with code violations, calling SellMyHomeToday.com can be a great way to make a sale quickly and without extra expenses. Just give us a call and we’ll schedule an appointment to come see your home and make you an offer.