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I Want to Sell My House, But How Much Will Repairs Cost?

How much will it cost to make repairs before someone will buy your house? When you’re about to sell your home, it’s important to assess the condition of the property. Most homes need a few repairs here and there, but some need major repairs. It’s important to take these repairs into account before you put it on the market. 

If you go through the traditional process of hiring a realtor, posting the home on an MLS service, and putting a sign in the front yard, you’ll have to negotiate with buyers who will want to live in the home directly. Few homeowners want to inherit a bunch of problems from the get-go. Thus, these buyers will either use needed repairs to significantly lower the price of the home, or they will demand that you fix these items before they agree to make the purchase. 

Many sellers don’t even have cash on hand to make these repairs. But assuming you do, it’s still important to decide whether or not doing so makes good financial sense. 

Know The “Bank Breakers” 

One shorthand way to determine whether or not it’s going to be worth it to pay for repairs out of pocket is to note whether or not you are dealing with a major “bank breakers.” 

These include: 

  • Foundation issues 
  • Mold problems 
  • Roofing problems 
  • Termites 
  • HVAC failures 
  • Issues with outdoor plumbing or sewer lines 
  • Driveway damage 
  • Faulty fireplaces and chimneys 
  • Electrical repairs, especially if your home isn’t up to code. 

Any of these repairs could cost thousands of dollars. These are also the repairs that homeowner-buyers are guaranteed to want taken care of before they move into your home. 

Get a Home Inspection 

Before you ask who will “buy my house in Austin,” you also need to know about the issues that are lurking. You may have repairs you know nothing about… 

Buyers are going to hire a home inspector. You should do the same. That way you’ll get a comprehensive report of everything your buyer will see. 

Get Quotes 

It’s not a bad idea to work with hard numbers. Get estimates for every item on your inspection report that you’re not capable of taking care of yourself. 

Next, consider the average sales price on comparable homes in your neighborhood. You can use this tool from Trulia. 

Take the amount of the repairs and subtract it from that average sales price. 

For example, if the average list price is $162,540 and your home needs $18,750 in completed repairs then your maximum profit is only $143,790. 

This doesn’t even take other expenses into account, such as the taxes, upkeep, homeowner’s fees, insurance and utilities you’ll need to pay while you’re waiting for the home to sell. It also doesn’t touch closing costs, realtor commissions and other expenses which you may end up paying or sharing. You can get a nice, clear picture by adding in these various costs and fees. For the ones that are recurring, like homeowner’s insurance, you should assess how much you will end up paying if it takes 30, 60, 90, or 120 days for the home to sell. 

Sometimes what happens is your profit ends up being significantly lower than the outstanding balance on your mortgage. Sometimes, the amount of the continuing expenses will overextend your resources. At that point, you may begin to realize that selling your home the traditional way may not be the best solution for you. 

Reputable Home Investor To Buy A House 

If you have major repairs to make, a reputable home investor might be the way to go. You will get to keep your repair money in your pocket. You’ll get a fast cash offer that might be far more generous than the actual money you’d walk away with if you tried to handle the repairs and sell the home yourself. And you will be able to get on with finding and paying for your next home without dealing with all of the upkeep on your old one. 

Fortunately, contacting a home investor doesn’t incur any obligations. You can get a quote within 24 hours so that you can see how the investor’s offer stacks up against the numbers you’ve already generated. 

Now, when it comes to Lisa Buys Austin Houses in particular, we’ll also give you a spreadsheet with our own assessment of whether or not it’s going to be more profitable to sell your home to us than it would be to sell it to a homeowner. Thus, you will be armed with a great deal of information which will help you determine what your best option is going to be. 

Consider Hidden Costs 

While you’re making your decision, be sure to consider hidden costs, such as the opportunity costs that you’ll generate for yourself while you deal with the headaches associated with seeking out major home repairs. Consider the amount of time that it will take to sell the house. Consider whether or not you have the time and energy to make the home ready for multiple home showings. 

Once you consider the hidden costs of selling your home on the open market you’ll have a very clear picture of what your next move should be. Then, it’s simply a matter of making that move with a smile on your face, content that you’ve made the right decision. 

Got questions? Need help determining what your next steps should be? Call our offices. We’re happy to give you advice, even if you don’t sell us your home. 

Contact us for a free, no-risk quote within 24 hours. 

Get a Quick Cash Offer    |    Call 512-598-5418

How to Survive Inheriting a House Without a Will

Of the issues homeowners face when they sell an inherited house, inheriting a house without a will remains the most challenging. It’s important to examine some essential survival tips before deciding to sell that will make the process easier. 

The Estate 

The property is called your estate. When your loved one dies without a will, this estate is distributed according to rules determined by their home state. These are called rules of intestacy. Intestacy is the legal name for the condition of the estate when someone dies without a will. Rules of intestacy are determined by the Probate Code. In most states, this is the order in which an estate is distributed: 

  • If a single person dies with no children, it passes first to his parents. 
  • Next, if there are any siblings or nieces or nephews, then half would go to a surviving parent and the remaining half would be divided among the siblings and nephews. 
  • Then, if you have no surviving parents, all of your property is given to your siblings. 
  • If you’re unfortunate enough to die without any surviving descendants, parents, siblings, or nieces of nephews, then the estate is divided into two halves. One half is distributed to relatives on the mother’s side of the family and the other half goes to the father’s side. 

If the deceased had a spouse, their assets will be determined to be either Separate Property or Community Property: 

Separate Property 

Separate Property is any property owned by the deceased prior to being married. It also includes gifts the deceased received during the marriage, or acquired through inheritance. This is the order in which separate property is divided: 

  • If you are married and have no children, your spouse is entitled to the entirety of the separate personal property. When survived by your parents, the surviving spouse only receives half of the separate real property. The parents receive the other half.  
  • If you leave behind both a spouse and children, your spouse is entitled to only one third of your separate personal property, and are only entitled to a life estate. A life estate being the ownership of land for the duration of a person’s life. in one-third of your separate real property. 

Community Property 

Community property is simply property that was acquired during the course of the marriage and is therefore shared. Here’s how it breaks down: 

  • Your surviving spouse will inherit all your community property, as long as you do not have any children with any other partners. 
  • If you do have any children outside of your current marriage, your half interest in the community estate will be given to your children, and your spouse will be entitled to half.   

Now that we’ve explained the details of probate and made clear who is entitled to what, let us explain how to navigate the bureaucracy that comes with selling your house without a will. 

Prepare the Affidavit of Heirship 

An affidavit of heirship is just a testament that someone is the rightful heir to a property made by a close associate of the deceased. It contains one’s family history, genealogy, marital status and the identity of heirs of the deceased. Title companies will usually require an immediate family member and two disinterested parties/witnesses sign and notarize the affidavit. 

Preparation of the Deed 

The second step after the affidavit of heirship involves preparing the deed, and transferring title for the heirs. Once the deed is prepared, both the deed and the affidavit of heirship are filed in the county records, and you are free to sell your home. 

We hope this has been informative. This process may sound overwhelming, but it doesn’t have to be. At Lisa Buys Austin Houses, our in-house Title experts work directly with the Title Companies. We also interface with family members and make the selling process as simple as possible. Lastly, we prepare these documents at no cost to sellers. 

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Contact us for a free, no-risk quote within 24 hours. 

Get a Quick Cash Offer    |    Call 512-598-5418

How to Sell the Home of Your Aging Parents in Austin

One of the most difficult things for any person to undertake is the process of caring for the best interest of aging parents. Deciding how and when the process of moving aging parents begins is traditionally the first step. This involves an often emotional decision, especially if they plan on selling their home. And frankly, many people would rather sweep this problem under the rug and never deal with it… But that’s not an option in real life. 

Instead, sometimes the best thing you can do as your parents child is to openly discuss this issue and involve them in the process to ensure they live a higher-quality of life and don’t have to worry about the stress and hassles involved in most home sales. Forbes gives some great tips on when and how you know when it is time to think about moving your parents into another place. 

Steps to Ensuring Moving Aging Parents Goes Smoothly 

There are three basic steps that anybody can undertake when considering how to sell the Austin home and move your aging parents into a better household that can ensure they enjoy their golden years in comfort. 

Openly discuss the idea with your parents. 

Believe it or not, being open and honest is always the best course of action for a variety of life-altering decisions, especially when you’re worried about moving aging parents from their big homes to a more comfortable and easier lifestyle environment. It is very hard for parents as they age to accept the dangers of living on their own in a large home, but also the concerns you might have about other important daily life details including: 

  • Safety; living on their own in a large house can cause several accidents to occur. Safety should always be a primary reason for moving aging parents. 
  • Nutrition and Health concerns; living alone can also create several nutritional and health issues to occur for aging parents. As our parents age, their ability to cook normal meals on their own can be adversely affected due to common aging issues such as limited mobility and arthritis. 

Talk openly about the options available in moving aging parents. 

Like the step above, it is very important to openly discuss the options for moving your parents as well as selling their homes. Consider a few things when discussing this idea with your parents such as: 

  • Talk with your parents about where they’d feel comfortable living. The worst thing you can do is make every decision for them – they will not be very kind to that type of approach, but if you openly ask them for their opinions and actively inquire about options this will be much easier for them. 
  • Consider their friends and where they live. Another thing you should discuss with your parents is where their friends live and if it is a viable solution for them to find assisted living near their residence or even in the same location they live. 

Talk to them about their desires for possessions. 

Once you all decide on a plan of action for selling the home, discuss their belongings. Determine what material possessions they’d like to keep. Additionally, decide what items they’d consider either selling or giving to family members and friends. This can be emotional for some people. However, as long as there is constructive and open communication, the process can go smoothly. 

In Conclusion 

When you’re thinking about moving your aging parents, the best advice is to remember to keep the decision openly discussed. Talk about the benefits of living a higher quality of life. Remind them that finding a way to sell your house fast reduces the stress that comes with a home sale. This will ensure that they can move forward with enjoying their golden years. Call Lisa Buys Austin Houses for more information about the various ways they are able to work with sellers and how they can be that reliable source you are looking for. 

Contact us for a free, no-risk quote within 24 hours. 

Get a Quick Cash Offer    |    Call 512-598-5418

How To Sell an Inherited Home

Over the next 4 decades Baby Boomers will inherit $27 trillion (that’s trillion with a T) in wealth, with a big chunk of that trillion coming from family real estate. 

So it should come as no surprise that a lot of folks want to educate themselves on the sale of an inherited home. So how do you sell your inherited house? We’ll break it down. Here’s our 5-step guide to selling your newly inherited home: 

  1. Identify: Confirm who actually has claim to selling the inherited property right now.

First, you need to identify the heir of the property if you plan to sell an inherited house. This can be beyond tricky and believe us we have seen and heard it all. If Mom and Pop were prepared and wrote a will of inheritance, thank your lucky stars. However if Mom and Pop die without a valid will, and the deed to their property does not include joint tenancy with survivorship language, then issues may arise as to which persons have title to the inherited home. The property cannot be sold with clear title until the heirship issues are addressed and resolved. 

This process can be complicated when there are many heirs, multiple marriages or several generations of people who died without wills. It becomes increasingly more difficult if the heirs won’t work together towards completing the process. Essentially, the more complicated the family story, the more involved the process can be. 

At Lisa Buys Austin Houses, our in-house Title experts work directly with the Title Companies and communicate with family members to make the process as simple as possible. We prepare these documents at no cost to our sellers. 

Many have resolved title issues and settled estates in quick and efficient manners by selling to Lisa Buys Austin Houses. 

It is best not to attempt to resolve heirship and Title issues on your own, without an attorney. If your loved one dies without a will, Lisa Buys Austin Houses will work with the Title Company and a real estate attorney at no cost to you, ensuring title is clear before completing the sale and freeing you of any future liabilities. We pay cash and typically close on your home in 10 to 30 days depending on your situation. 

  1. Prepare: Make sure you have a vacant home insurance policy.

If all goes well a family member or presumed heir will take over maintenance of the property after the person passes. Maintenance may include obtaining a vacant home insurance policy to protect the estate from liabilities, keeping up with utilities, paying property taxes, maintaining lawn care and disposing of the contents of the house. Keeping up with the sale of an inherited home after someone dies can become an overwhelming task, but it’s critical to ensure a minimum of care is in place to protect the vacant home. 

  1. Get a fair price: Appraise your newly inherited home.

Sometimes the open market is the best answer but often times its best to sell to an investor. 

Here are our top 5 reasons why it may be best for you to sell to an investor: 

  1. Cash 
  2. Speed of sale 
  3. Sureness of sale closing 
  4. Sell as is 
  5. Convenience 
  1. Taxes: The man always collects.

The bad news: Unfortunately, home sale tax exclusions do NOT apply to inherited houses. Normally, if you own a house for two out of five previous years, you benefit from this tax exclusion. However, if you plan to live in the inherited house for two years, and then sell it, you can still benefit from this exclusion – but many people choose to sell their inherited house right away. 

The good news: Those who inherit a house and sell it DO benefit from the stepped-up tax basis. Normally, proceeds are calculated using the house’s purchase price + home improvements made to the house. When the house is inherited, however, the tax basis is the fair market value at the time of the owner’s death. If the house appreciated dramatically, this prevents those who inherited the house from owing substantial taxes. 

  1. What to expect during the sale of an inherited home- Siblings, Emotions and Lawyers – Oh My!

If you inherit a house, hopefully the process of selling the inherited property will be simple and straightforward; however, as we mentioned above, oftentimes it isn’t. For example, title problems are a common issue that people need assistance with when they sell their house to a company such as Lisa Buys Austin Houses. Some common title problems include: 

  • Unknown liens 
  • Illegal deeds 
  • Missing heirs 
  • Undiscovered will 
  • Errors in public record 

Not only are family members coping with the loss of a loved one, but even in best case scenarios, dealing with the estate left behind only adds to the stress. While family members are usually well-intentioned, they may not be as organized as you thought. When a house is inherited, sometimes unknown marriages and children are discovered, which can complicate title resolution. 

If you inherit a house, ask yourself three questions. 1) Is there a will? 2) Do you have a family tree? and 3) Are there tax issues? 

Remember: We are here to help. If you inherited a house and plan to sell, or are simply researching your options, call us now for a no-obligation offer on your house in 24 hours or less. We will work with you regarding your options and your situation. 

Contact us for a free, no-risk quote within 24 hours. 

Get a Quick Cash Offer    |    Call 512-598-5418

How to Prepare to Sell an Older Home

Are you currently preparing an older home for sale? With newer homes on the market, some older home owners are out-gunned. If this is the case, there are a few things you can do in order to prepare an older home for sale. These tips put you on level ground with more attractive newer homes for sale. 

#1: Create a Detailed Checklist of Repair Items 

The first step in preparing any older home for resale is to make a detailed checklist of items and areas that need to be repaired or upgraded in order to entice any home buyer. A smart idea is to visit a newer home for sale that is available for an open house to see what features and quality of interior items they have in each room. Once you compare the two, make a list of items that you should repair and upgrade. 

Some of these items include: 

  • Repainting the walls in each room to match decor 
  • Installing new carpet that will create a homey look and feel 
  • Refinishing cabinets so they are fresh and look appealing 

These three main repair items are critical when you’re trying to compare your older home to a newer property. 

#2: Improving the Landscaping 

Another common area where older homes have to compete against newer properties is with the landscaping in both front and back yards. They say that first impressions are vitally important to the sale of any property. And the first area to make an impression on any new home buyer is the condition of the landscaping outside. Here are a few items you should consider fixing in regards to the condition of your yard: 

  • Replant grass seed or have new sod installed. Nothing looks better to a new home buyer than brand new, freshly cut grass in the front yard. 
  • Plant some colorful flowers and plants. 
  • Repaint any fences or exterior features that are not in perfect condition. 

#3: Clean Up the Garage 

The next important step for improving an older home includes cleaning up and organizing garage and storage areas. Many people would rather have their teeth pulled than spend time organizing their storage areas. But most agents claim that a clean and organized garage tells the buyers that you take pride in your home. This indicates a property most likely in great condition. 

As you can see, quite a few things help older homes competing for sale with newer homes on the market. However, for those who are not interested in spending this much effort to potentially attract older home buyers, a smart alternative is to seek out home investment companies who pay top dollar for all types of properties – regardless of age or condition. This process offers you fast, legal, affordable and easy sales of homes and takes out the middleman or stress involved with traditional home sales. 

Contact us for a free, no-risk quote within 24 hours. 

Get a Quick Cash Offer    |    Call 512-598-5418

How to Avoid Losing Your House in Foreclosure

  1. Don’t let yourself procrastinate 
  2. Respond to your lender immediately 
  3. Be informed about your rights 
  4. Make a budget and stick to it 
  5. Can you liquidate other assets? 
  6. Watch out for foreclosure prevention companies 
  7. Seek unbiased advice from multiple parties 
  8. Contact your lender as soon as you realize you’re behind on payments 

Looking for ways to avoid foreclosure? The financial pressure of owning a home may feel stressful. Take control over your house and security by following a few simple tips to proactively avoid a home foreclosure. 

  1. Don’t procrastinate.

The further you fall behind, the harder it will be to reinstate your loan and the more likely that you will lose your house. 

  1. Don’t ignore your lender, respond to their notices.

It may forestall having to make tough decisions, but don’t put your head in the sand. The notices you receive will contain important notices of pending legal action. 

  1. Stay informed of your rights.

Read your loan documents so that you know the consequences of not making payment. 

  1. Make a careful budget.

It’s easier said than done, but the most straightforward way to prevent foreclosure is to restructure your spending to stay current on your payments. See if you can cut things like  TV, memberships, eating out, or entertainment. Hold off on paying down credit cards and other debt until you have paid your mortgage. 

  1. Consider liquidating and making use of extra assets.

If you have extra assets such as a second car, jewelry, or a life insurance policy, you can sell these for cash to help reinstate your loan. 

It may not get you out of the red, but at least it will show your lender that you are acting in good faith. 

  1. Avoid foreclosure prevention companies.

Don’t pay unnecessary fees for foreclosure prevention assistance–use that money to pay off your mortgage. There’s a million for-profit companies that will contact you promising to negotiate with your lender. If this is the only service the company offers, then it isn’t worth it. 

A company like Lisa Buys Austin Homes performs this service for free. 

  1. Work with someone you can trust.

Housing counselors can help you understand the law and your options, organize your finances and represent you in negotiations with your lender. There is a lot of good advice out there, you just have to take it. 

  1. As soon as you realize you’re behind on payments, contact your lender.

Lenders want cash, they don’t want to get stuck with your property. 

They will bend over backwards to get you back on track, it’s better for their bottom line. 

Contact us for a free, no-risk quote within 24 hours. 

Get a Quick Cash Offer    |    Call 512-598-5418

 

How to Avoid “Guru” and Real Estate Investor Scams in Austin

It’s no secret real estate markets are turning over and have become quite lucrative. For many, the opportunity to invest is difficult to pass up. However, this can lead to difficult real estate investing and “guru” scams in Austin and throughout the United States. We want to make sure you sell your house fast and with minimal risk. 

Because the real estate market is so good, a lot of new investors are trying to get into real estate investing. Unfortunately, these conditions often lead to real estate investing and guru scams. Many self-proclaimed “real estate investing gurus” have learned what they know from reading books rather than from experience. It is possible, however, to identify legitimate home buyers that can help you. Work with someone that has experience in both good and bad markets, and that knows how to help people in lots of different situations. 

Look at the quality of their advertising and consistency of message. Do they have customer testimonials? Do they have any reviews online? If they have negative reviews, do they have satisfactory responses or explanations to these reviews? Read on to learn how you can avoid real estate investing and guru scams in Austin. 

Questions to Ask 

Ask the potential investor what percentage of properties did not close and why. Ask them questions about the area where your house is and see how educated they are about your market. Ask for referrals from their previous clients. Check the BBB. 

Be sure the real estate investor is closing at a title company and make sure they use a legitimate title company and research the title company. If you need more information, ask the title company for their previous dealings’ info. 

 

Make sure they are using standard legal contracts. All professional real estate agents and brokers use standard contracts. A good indicator of a real estate investing scam could be the use of a contract that deviates from standard state real estate board documents. 

Read the Contract 

Read the contract and look for these key items: 

  1. How much earnest money are they willing to deposit in escrow at the title company? The more money they can put down, the more serious they are about the offer 
  1. Check for an option period. All real estate contracts have termination options. Know whether or not it’s a part of the deal. Make sure it doesn’t exceed 5-10 days. 
  1. Are they buying the house for themselves or remarketing it to other clients? If they are selling to others, how successful are they in dealing with other investors? 
  1. Make sure there is not a financing contingency.  Lisa Buys Austin Houses always pays cash for homes in Austin. The benefit to selling to investors at a discount is that they pay cash for the house, so make sure they are actually paying cash and taking the property as-is. 
  1. Who is paying for the title policy, survey and other closing costs? 

About the Discount 

Legitimate Investment companies all operate using the same or similar discounts on your house. The discount is fairly standard. So if you call several, the range should be within a couple thousand dollars depending on the investor’s motivation. If you receive one offer that is substantially more or even less, you might be dealing with an investor that isn’t familiar with the value of your property or cost of repairs. He may be likely to ask for price reduction before closing, or not close at all if he realizes he offered too much. 

Is the offer too good to be true? 

Closing Costs 

A lot of times, an investor could offer to pay “all your closing costs”. Make sure to ask questions. Are they paying title premiums and escrow fees? Are they also offering to pay your homeowner’s association transfer? Are they clear that the seller is paying any taxes owed? 

It’s important to be specific about what “pay for all closing costs” means, because investors have different ideas on what those are. 

We liken this to a blank check: offering to pay all your closing costs without being specific about what that includes is like an investor offering a blank check. There is often no way to know what outstanding liens may show up on the title. An educated investor wouldn’t offer to pay all closing costs without knowing up front what it entails. 

Estate Issues 

If you have estate issues (for example, no will for an inherited property,) ask the investor specifically what they are going to do to put the title in your name and what it will cost. An experienced investor will have a lot of education in accomplishing this for closing. 

Get More Information 

If you are thinking about selling your house and contacting a real estate investor, give Lisa Buys Austin Houses a call. We offer free assessments and quotes on your property. 

Contact us for a free, no-risk quote within 24 hours. 

Get a Quick Cash Offer    |    Call 512-598-5418

Things About Your House to Think About During A Divorce

One of the most difficult parts of filing for divorce in any state is the process of dividing property and assets. And among the most expensive and valuable assets is the home that both parties helped to build and create equity. It is also common in most divorce cases that the decision of what to do with this property is the most contested and heated discussions. It is for this reason that when people have filed for divorce, there are a few important things to consider when it comes to what to do with the home. 

Considerations For Divorce and Selling My Home 

  1. Do We Sell the House and Split Profits?

When you’ve filed for divorce, the court of any state will demand that an action plan be submitted as to how the property will be divided. One ‘easy’ option involves selling the home and splitting the profits between parties. However, with this decision come many potential arguments including: 

  • What percentage does each party receive? 
  • Are profits to be split after taxes and which party is responsible for paying taxes? 
  • Where will each party live after the house sells? 

As you can see, this option is a difficult one, however it is critical to ensure the divorce is handled legally in any state. 

  1. Do you Purchase the House from Your Spouse?

The second thing many people who file for divorce consider is buying the house from their soon to be former spouse. This provides them with sole ownership and provides the other party with some equity to purchase another property. However, this decision is often complicated when there are children involved. And in order for this to be an alternative, the court must approve this decision to be mutually beneficial for all parties. 

  1. Do you Maintain Joint Ownership?

This option; believe it or not is often the most realistic financially speaking. Although the thought of sharing a home with someone you divorce seems unacceptable, many people feel they need this option. 

Two reasons make selling difficult during a divorce: 

  • Neither party can afford to sell the home or, 
  • The market isn’t doing well for selling. 

There are many potential personal issues with this option as well that might lead to more stress, potential struggles and a poor environment for any children involved. 

  1. Do you Sell Your Home Quickly to a Home Investor?

A final option that has become much easier for many people who have filed for divorce is to sell the property to a home investor who provides great marketplace value for the home with very little hassle, no closing or realtor fees or home improvement projects to be completed to sell your home to private buyers. This option also allows both parties to find a new place to live sooner. It also allows divorcing couples to schedule a closing date that works well for everybody. 

The decision to file for divorce is a difficult one indeed. However, when filing for divorce and selling my home, many options are available. Divorcing couples should ensure the sale of the home is legal, quick, easy and painless as possible. 

Contact us for a free, no-risk quote within 24 hours. 

Get a Quick Cash Offer    |    Call 512-598-5418

how to sell a house with code violations

Cracking the Code on How to Sell a House With Code Violations

It can be daunting to find out that your home isn’t up to code, especially if you are trying to sell it.

Fortunately enough, you will still be able to sell your house after overcoming some obstacles.

In this article, we will go over what it means to have a house not up to code, and how you can mediate the problem.

Keep reading to learn how to sell a house with code violations.

What Is a House With Code Violations?

Each municipality possesses a set of building codes, which protect the health of the public, extend general welfare, and assure safety in terms of construction and occupancy. But, these rules change often.

Your local Regulation and Licensing Department is responsible for overseeing the codes for historic, residential, commercial, and manufactured buildings. The department is also responsible for the codes relating to solar energy, electrical safety, boilers, plumbing, etc.

Nationwide codes also exist, such as the National Electric Code, which proposes the designs, inspection approaches, and installation methods for safe electrical equipment. This list has been revised many a time, so what has been considered safe 15 years ago might not be so today.

Because of this, a homeowner can quickly start to gather violations, fines, and citations for simple things like not cleaning the pool, not mowing, and not maintaining the property in adherence to the rule of code.

City fines are not a joke and are quick to start gathering interest on a daily basis.

Let’s take a look at some common code violations:

As mentioned, housing code violations range from simple issues to major repairs.

  • Dysfunctional or incorrectly placed smoke detectors/alarms
  • Handrails end into a wall and don’t turn
  • Bathroom exhaust fans vent into the home, instead of the outside
  • Deck flashing is missing between the house and ledger board
  • Defective ground circuit interrupters on electrical appliances

These are just some examples, but the list extends far beyond these five. Keep reading to learn how to sell the home, even if you have some sort of code violation.

How to Sell a House With Code Violations

You can sell a house with code violations with one of these three options:

  1. Fixing the problem
  2. Lowering the price
  3. Selling ‘As Is’

Let’s take an in-depth look at these options.

1. Fix the Problem

If you are aware of the code violations, the best way to sell your house is not to have them in the first place. This means you need to determine if the scope of the problem and the current housing market is pertinent to you fixing it or not.

For instance, if you simply need to relocate the smoke alarms, even by a slight margin, that’s a 20-minute fix you can easily do.

If you need to test your ground interrupted, you buy a GFCI tester for $15 and replace outlets that don’t work for about $15 each.

If the problem is a little more difficult, you can hire an electrician. They wouldn’t charge more than $10 for reversing polarising or rewiring an outlet, or $40 to replace an old one with a GFCI-enabled one.

However, if you were in need of a new electrical panel, you would be in for a solid $2,000. These problems vary in scope, so it’s important to decide when the benefits outweigh the costs.

On the example of plumbing piping, you would need to consider where it runs in the house, and how much it would cost for you to replace on the reference of a potential buyer repairing it. If the piping is obstructed and hard to repair, it might just be better to replace it.

Replumbing a house can cost anywhere from $3,000 to $20,000, depending on materials and size.

The buyer is always looking for the best house in the best condition for the best price. So if you want to get that sale, you might as well fix the problem. It might increase the sales price, and help you rest assured that a buyer won’t come looking for you after a couple of weeks.

2. Lower the Price

Not everyone has the cash to make these repairs, so it’s best to offer credit at closing or decrease the sales price.

However, this is only a viable option if the violations are not from the harmful or threatful category to a buyer. Not to mention, you have to have the entire house inspected and share the results in full transparency with the potential resident.

Not fixing the issues serves for many a new issue. Most buyers want to buy a clean title with no violations, so it might be difficult for you to find buyers who are willing to assume the responsibility for these issues.

What you can do is sell the house for cash to a direct buyer, although for a lower price.

3. Sell ‘As Is’

Almost all homeowners place the priority of selling a home with the hight possible price, and this can certainly be achieved on the open market. Granted you have a proactive real estate agent.

But not everybody has the cash or time to overcome the code violations that stand in the way of securing a sale in a traditional way. That’s why selling the house ‘As Is’ off the market to an instant home buyer is the best option.

These people are investors, house flippers, startups that purchase these types of homes at scale for lower prices. In most cases, there are several such buyers at any one time on the market—all of which would be willing to throw their chips to purchase the home on applicable terms.

Your Home for Sale

Now that you know how to sell a house with code violations, you are well on your way to saving time, and finally getting it off your hands.

If you are wondering how much one would offer for your house with code violations in the Austin area? We have a solution.

At Lisa Buys Austin Houses, we will gladly take a look at it, and provide you with a competitive cash offer.

All you have to do is fill in your name, email, and location and we will present you with the best possible results. After this, you will get to decide if the price is right for you.

Good luck!

sell your house

7 Ways Social Media Can Help Sell Your House in Austin, TX

Whether you’re a first-time homeowner or a skilled agent, selling a house in Austin, Texas can be a long and involved process. Thankfully we have the power of social media.

With over 69 % of American adults on social media (more than 95% of millennials) starting their home search online, the importance of using social networks to sell your house can’t be overstated. This coupled with the many stories of people selling their homes on social platforms, there’s no doubt the tool is impacting the industry.

So you want to sell your house fast? Here are 7 ways social media can help you do it.

1. Share Powerful Visuals

Whether you’re advertising traditional or on social platforms, you need fantastic photos for your house. Professional photos can help sell your Austin house faster than low-quality images and videos. To capture the best shot, take photos on a bright day and always remember to edit photos afterward to remove shadows and unwanted reflections.

Social media for home selling is greatly visual in terms of content. Instagram, for example, is very popular with many agents for its flexibility. The platform allows you to share images and videos of your property. Don’t forget to attach hashtags to attract potential buyers looking for a house in your neighborhood, such as #austinhomesforsale.

You may hire a photographer to create optimized videos that fit on Instagram stories. Professional photos encourage shares and “likes” and compel potential buyers to contact you.

If you’re on a budget you can do it yourself. Use your phone to capture videos and share them on the platform to give people a preview of the house you’re selling. You can establish an edge on social media by including video tours of the areas surrounding your Austin property—especially if it’s located in a less-known neighborhood.

2. Use Facebook to Sell Your House

Facebook is amongst the top social platforms to get the word out when you want to sell your house. One of the reasons for this is because Facebook allows you to target specific demographics, which is good for the real estate business.

For example, the platform lets you target your audience by age and income. You can run inexpensive ads and target people within a certain radius of the house in Austin on sale. Facebook ads not only attract leads but also help create interest in the house.

Also, Facebook allows you to communicate with prospects, go live, publish listing-related content and updates and curate reviews. The Facebook Live feature lets you stream a property from your device, which is great for showing off your house. There is also the Facebook Marketplace that lets you connect with potential buyers.

3. Pinterest Marketing

Pinterest provides a big marketing opportunity for Austin realtors to sell homes. You can use this network to drive traffic and visitors to your real estate website.

Also {interest lets you build targeted ad campaigns that are linked to your listing. The ads tend to be more affordable compared to other platforms, so you can always try your hands at it.

Creating local boards on Pinterest is one of the best ways to market your house on Pinterest. After creating a board, you may want to invite people to collaborate on it. This way, you’ll attract many users to follow the board and add pins to it.

You can even create a board that comprises a digital community of Austin locals who you’d ultimately like to sell your house to. On your board, pin beautiful photos that are linked to the listing to attract visitors.

4. Fire up Your Snapchat

Snapchat has millions of daily users in the U.S. alone, with billions of video views every day. Snapchatters mostly use the platform to share fun videos and photos. Why not use it to share the remarkable features of your house for sale.

Telling your property’s story in an entertaining video is a thoughtful way of marketing. Show off breathtaking views and unique features of the home. Remember to use geofilters─ the fun graphic icons that allow viewers to see where you’re Snapping.

Snapchat also offers a platform for you to network with other agents in Austin. Connecting with realtors from around your area can have a huge upside. Property owners connecting with agents within Texas.

5. Sell Through Groups

There are social media platforms that offer communities around a variety of things, including selling homes. Check out groups on Facebook or LinkedIn to come across some good leads.

You’re typically able to freely post and advertise in these communities, as long as you follow the established rules. Take advantage of the fact that your target audience is already all in one spot.

6. Use the Right Keywords

Figure out and use the most common search words used by people looking for a house in Austin. Examples of keywords for selling houses might include “buy a house in Austin, “for sale by owner”, etc.

Use such search phrases throughout your posts and with the consumer in mind. Note that almost all pages that rank highly on search engines are complemented with copy that “sells”.

7. LinkedIn for Realtors

LinkedIn isn’t necessarily the place you’ll find most home buyers. But, it’s one of the top platforms (if not the top) to connect with agents and share your industry experience.

The platform lets you create a resume, which allows potential Austin home buyers to learn more about you.

Get Your House Sold With Social Media

Selling your house can be stressful and takes a lot of effort to see through. However, with so many residents online, social channels offer some of the best ways to attract interest and sell your house. Plus, using social networks is a simple process and sharing is free!

So share interesting parts of your house. You never know who could be waiting to see and buy it.

If you’re looking to sell your Austin home, get a cash offer today.

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