6 Reasons Why Homeowners Don’t Sell and Why They Should Part 2
In this two-part article, the professional homebuyers at Real Estate Solution Providers are discussing some of the excuses homeowners make for not selling their home. Unfortunately, if you sit on an outdated home for too long, the home’s foundation and value will only continue to deteriorate. If in the back of your mind you are considering whether or not you should sell your home, it’s time to move on to a better living situation. If this sounds like your dilemma, speak to the company that proudly proclaims, “we buy homes for cash in Raleigh, NC.”
In part one, we discussed situations where homeowners expect too high of a price for their home, want to gift their home to a loved one, or fear the moving process. Here are three more reasons that homeowners refuse to sell.
4) They Want to Fix the Home
Many homeowners that have a house that is either outdated or has serious flaws elect to fix up the home. After repairs or a full-blown renovation process, the homeowner can either enjoy the upgrades or sell the home for a higher asking price. Homeowners that elect to take on a renovation should closely consider the budget they are willing to invest into these upgrades and whether or not they will get a valuable return on these additions. As the expenses associated with a renovation can sneak up on you, it may be best to partner with a reputable homebuyer that will invest 100 percent of their own capital into repairs after they purchase the home so that you can walk away without paying for any repairs.
5) They are Too Sentimental
Naturally, when you’ve owned a home for many years, the amazing memories you made in your home will hold substantial value. Whether it was the first home you owned, the place you raised your children, or you inherited the home from a loved one, there can be some emotional attachment to the house that motivates you to keep it for longer than you should. Although it’s understandable to be in this situation, in many cases, the foundation of the home has become compromised or it’s simply not feasible to live in a home that no longer suits your living needs. When you work with a reputable real estate investor, they will be respectful of you during the emotionally trying time of selling your home.
6) Not Thinking Outside of the Box
Many homeowners don’t sell their home simply because they can’t. Perhaps they put their trust in an unreliable real estate agent that failed to find a fair offer or maybe they have outdated photos of the home and poor marketing materials. If the traditional real estate market has failed you, you should consider your other options. When you work with a professional homebuyer, you get a free evaluation of the value of your home and the final decision to sell is up to you. No closing fees or hidden costs, you receive an all-cash offer in a week or less.
Disclaimer: This website is not a substitute for legal advice. If you have a serious legal, tax, or other issue requiring professional advice, please consult with an attorney or CPA.