Skip to main content

My home sale nightmare. Advice please!

I’m selling the home I grew up in because it’s too much just for me. It is an older home with a couple of minor issues and not much has been updated. I don’t have the time or money to address those things much less anything coming from an actual inspection. I thought shopping around for cash buyers and selling as-is would be the easy route to go instead of listing it.

It has been a nightmare! I’m on my 5th contract. Seems like these companies are either shady or incompetent. I know this will be a project with a lower profit margin but I thought there would be takers that buy in such bulk. Am I looking for a unicorn that doesn’t exist? Should I just go ahead and list it?

1st buyer - Claimed they were scared off by a water leak issue in a back storage room in the basement. I countered with an assessment and quote from an experienced foundation expert and then they claimed they didn’t have any investors interested in that area anymore.

2nd buyer - Claimed basement kitchen wasn’t to code and would cost too much to address.

3rd buyer - Investment partner denied the purchase and buyer has tried twice to get me to let her find other partners but I feel it will be more of the same.

4th buyer - Lender won’t approve that high of material costs. This buyer also wants me to let them find other contractors and lenders.

5th buyer - Waiting on this inspection period but not holding my breath.

submitted by /u/shaungilmer
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/w979l5/my_home_sale_nightmare_advice_please/
Labels:

Comments

Post a Comment

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...
Post a Comment
Read more

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/
Post a Comment
Read more

Making offers on houses not listed for sale.

I want to buy a home for retirement. I am looking at lots of options, mostly focusing on the locations that appeal to me. I see lots of Zillow estimates of homes that look like great deals to me. Are these estimates accurate, even though similar houses in the same area that are for sale are usually priced much higher? If so, is it realistic for me to try to make offers to owners that do not have their homes listed? Would a realtor even consider helping me do this? Or, do these values indicate that the houses listed for sale are overpriced, and I should just lowball until someone accepts? Are houses today tending to sell far below list prices, or ??? submitted by /u/chewybrian [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1o4mcon/making_offers_on_houses_not_listed_for_sale/
Post a Comment
Read more