Selling a home can be an involved process, especially if there are maintenance issues that haven’t been addressed over time. Sadly, these maintenance issues can often pile up, making the process of selling a home with deferred maintenance even more difficult. Deferred maintenance can look different for each property. At its core, it is when maintenance issues and repairs are pushed back, potentially causing the property to fall into disrepair and lose value. Deferred maintenance is usually done to avoid making large investments or because the homeowner doesn’t have the funds to complete these repairs. It can be one large project, a few small projects, or a combination of both. Buyers will always expect to know what maintenance projects will be required for the property before buying, and will often expect the seller to take care of these issues prior to the contract being finalized. An experienced buyer will typically complete an inspection of the property as a part of their offer terms because no one likes to be surprised by mold or broken appliances once they’ve moved in. Hiding any deferred maintenance is unethical and can lead to negative legal consequences down the line.
Does your home need a lot of work?
Would you rather not have the whole neighborhood walk through your property?
Do you want to sell your house and move on without doing any work on it?
If your home has deferred maintenance, Amari Homes can pay cash for your house. You’ll be dealing directly with the buyer so you save the money you would have spent on a realtor!
While some maintenance issues might be immediately apparent, it’s also possible for the homeowner to not even know of certain maintenance problems without an updated appraisal or inspection. Luckily, Amari Homes can help! You might be dealing with an issue of deferred maintenance if you or someone you know owns a property affected by the following common maintenance and repair issues:
Selling a home with deferred maintenance can be very difficult, and potential buyers will likely prefer to move into a property that is move-in ready. If there is an excessive amount of deferred maintenance it’s also possible that the buyer will expect a severe discount for the home’s value to cover some of the deferred maintenance and repair expenses. Keep in mind that it’s also possible for buyers to be unable to move forward on a “fixer-upper” home if their loan provider doesn’t allow it due to the home being unqualified. While a buyer might not be completely deterred by a home with deferred maintenance, it’s important for sellers to understand that their buyer pool might be limited or restricted due to certain loan providers’ qualification standards. This tends to be an issue for homes with larger deferred maintenance issues, like roof repair, rather than smaller more manageable issues, like peeled paint.
Without being proactive, selling a home with deferred maintenance can get pretty complicated. Luckily, Amari Homes has extensive knowledge about how to expedite the sale of property, regardless if the property is in pristine condition or has numerous deferred maintenance issues. With our real estate experience, you can have your property’s repairs and maintenance taken off your hands while we handle them. Contact Amari Homes today to learn about our As-Is offers and finally take that deferred maintenance off your plate.
Agent Commissions 5-6% of sale price
New Roof $15,000
New Flooring $10,000- $15,000
New Paint $5,000
New Kitchen $15,000
New Appliances $5,000
New Bathroom $10,000
New Internal Plumbing $8,000
New Electrical $7,000
Permits for Renovation $450- $2,000
Staging $750- $3,000
New Water Heater $600
New Furnace $2,000
Landscaping $2,000
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