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