Selling a home can be challenging. Though you might think that your home could sell right away, it doesn’t always work that way. Some sit on the market for months or even years before the right person comes along.
Unfortunately, a contract doesn’t necessarily mean that your home is going to sell. If there is a problem with the inspection, you are going to have to figure out what you are going to do. You might be willing to fix some problems but not all of them. You may not want to deal with any of it.
Here are some problems that can quickly stop your home from selling.
Most buyers will walk away from a home that has water problems. They don’t want to deal with flooding in the basement or a roof that is leaking.
Any water problem can lead to even more problems. You may have mold or rot in your home. Water can also destroy the materials that make up your home, leading to all sorts of problems.
Because water can cause damage in all areas of a home, most buyers will pull out on a deal really fast when they hear that you have water problems.
Most buyers won’t touch a house where there are structural issues. Structural issues include problems with the foundation, support system, walls, and other things that hold a home up.
Not only will your buyers worry that they won’t be safe in their home, but they may also worry about it lasting for a long time. They don’t want to struggle to pay a mortgage for the next thirty years when they aren’t sure if it is going to last that long!
The cost to fix structural issues really depends on what is going on with your home. If your foundation and support system aren’t holding your home up right, the cost to fix it could be more than you ever imagined.
Bad or failed septic system.
Septic systems are a necessary part of a home. You can’t sell a home with a septic system that fails inspection unless you sell it to someone who has cash. Nobody will be able to get a loan for a home that has a bad septic system.
Septic systems are very expensive to fix, often costing around twenty thousand dollars (or more) for a brand new one. However, if you don’t take care of the problem, you are going to struggle to sell your home.
Poor water source.
Buyers expect (as they should) to be able to get safe drinking water at all times. They also expect to get as much as they need.
If your home has a well, it is important that it is working properly. It is also necessary to make sure that the water that comes out of your well is safe to drink.
Though some water issues aren’t too expensive to fix, if you have to replace your well, it can be very costly. If you don’t, you will struggle to find a buyer. Most loan officers won’t finance a home without a working well.
Infestation of pests.
Though most homes have problems with ants and other rodents occasionally, people aren’t going to want to buy a home that has an infestation of them.
Termites can do a lot of damage to a home so most people will walk away quickly if they notice termite wings. They can do major damage to the structure of your home.
Rodents, including mice, rats, and bats will also push buyers away. Most people don’t want to buy a home that has critters living in them due to different health concerns.
If your house has a bad odor, you might push some buyers away. People don’t want to smell your dinner for last night so you should be careful what you cook prior to any visitations and open houses.
People also don’t like the smell of pets. If you have a smelly dog or cat, you might want to find somewhere else to keep him or her while you are trying to sell your home.
If you know that you are having an open house, you might want to bake some cookies or pies to give your home a nice smell. Some people try to use candles and air fresheners. However, this can also deter people who can’t handle smells. Others may wonder what you are trying to hide. They might pass just because they are afraid that you might be trying to hide mold or another stinky problem.
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