Properties tend to deteriorate over time, either due to use or inclement weather. This combined with the lack of maintenance makes the houses look deteriorated little by little. Is it possible to sell them in this state? Answering in a short and simple way, yes, it is possible to sell a deteriorated homes but only under certain conditions. Despite how damaged a property may be, it is possible to negotiate its sale. But for this we must take into account certain conditions that can avoid you upset.
Is it possible to sell deteriorated homes under what parameters?
If you want to sell a home that is already in deterioration due to use, you must take into account the following:
- Analyze the deterioration of the house, to determine if they are superficial, constructive or even structural damages. This is to get an idea of how safe the property is, its price in its current condition. And whether it is worth making repairs.
- Determine if the home is habitable, it may be the case that deterioration turns the home into a risk area for its inhabitants. It includes structural damage, poor sanitation, damage to electrical, water. Or cooking gas connections, and anything else that could be dangerous.
- In the event that the deterioration is great, the most viable thing is to pay a safety inspection with a professional. In order to locate any problem that may cause damage to those who intend to inhabit it.
- Give an adequate value to the property based on its deterioration (this to speed up the sale process)
- After locating the damage to the home, it is of great importance to let the buyer know of each one of them. This in order that whoever wants to buy the property has knowledge of its status, avoiding future claims and legal proceedings.
What does a security inspection entail?
If the process is based on the direct observation of the areas of the property, this is in order to identify causes of accidents. In more detail, what is sought in this process is to identify structural problems and other situations that may cause damage. Both the property itself and the neighbouring properties and those who inhabit them.
After the process of identification and analysis of deficiencies and deterioration. What is sought is to find solutions to all the problems found.
How to carry out the sale of the house?
- The first thing you should do is evaluating the deterioration of the house and hires an inspection if necessary. After this, you must make an appraisal of the home as it is to begin the sale process.
- After knowing how deteriorated the home is, you must let the seller know. So that it is in turn make the buyers aware of the damage to the property.
- In the event that someone shows interest in the property and wants to buy it. You must enter into a sale contract; where you specify the conditions of the house, its price. And the date on which said the contract was entered into, among other things.
- Finally and after closing the sale, pay the corresponding taxes and other legal occupations.
We hope the information is useful, do not forget to tell us your opinion about it.
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