So you need to sell your house, and you’re aware of unpermitted work on your home. If you find yourself in this situation and are unsure what step to take to get started, you’re among many homeowners in the same spot. In any real estate transaction, disclosure is a serious legal matter, and you could find yourself in legal hot water should the work be discovered after the sale.
Stop worrying! We will explore how to sell a house with unpermitted work in Phoenix.
Retroactive Permitting
Unpermitted work should be inspected and brought up to code. These codes exist for the safety of the home’s occupants and surrounding properties. However, homeowners are often overwhelmed by the cost of having the previous work removed and the project completed under a retroactive permit when they want to sell a house with unpermitted work in Phoenix. Remember, the county may also charge fees for the unpermitted work, and you could face problems with your insurance company as well. You’ll need to consider the time it will take for the job and the expense of the work itself. In addition, when you’re adding up the costs to fix the problems, when you’re holding property, time is money. Any mortgage, taxes, insurance, utilities, and maintenance charges will continue to pour in month after month, not to mention the commissions, fees, and marketing expenses you’ll face. If you select this route, seek guidance through the complex process of retroactive permitting. Another question to consider is how long the home may be on the market when it is ready to sell. If time is of the essence, consider a direct sale to Valley Home Buyer because the closing could happen in a matter of days.
As-Is
Because it may require a tremendous outlay of cash, another option to consider selling as-is to sell a house with unpermitted work in Phoenix. When you go about pricing your home, consider valuing the home as if the addition doesn’t exist. For instance, if you find an unpermitted additional office space was added to the house, deduct the value from comparable homes with a private office space. Unfortunately, a great deal of time with the home on the market may have already passed if an inspector discovered the unpermitted work during the inspection phase of a sale. When a buyer seeks financing, and an examination reveals the issue, the lender will deny the loan. Contacting a trusted professional to help you assess how much to discount for the buyer’s problems might help you set an asking price that won’t turn the select pool of buyers you want away. Because direct buyers have the power of cash, the closing is guaranteed when you work with professional investors like those at Valley Home Buyer.
Valley Home Buyer
A direct sale to Valley Home Buyer is the best option for you to sell a house with unpermitted work in Phoenix. At Valley Home Buyer, we work with simple, straightforward contracts and take the time to listen to the problems you face and offer solutions to help. The direct buyers at Valley Home Buyer will explain every step of the process. When you work with a direct buyer from Valley Home Buyer, our goal is that you agree that our offer is fair for your home as-is. Call Valley Home Buyer at 602-734-3662 or send us a message today!