Watch Out For These Deal Breakers When Selling A Home
If you have listed your home for sale or plan to do so, then you should be aware of the things your potential buyers may consider as deal breakers. Here are a few examples of common deal breakers.
Hazards
Most people will balk at buying a home with an obvious or dangerous natural hazard. Examples of natural hazards buyers watch out for include the presence of radon gas, the presence of mold, and the use of dangerous or poisonous materials (such as asbestos) in the construction.
You are required to disclose such risks, and your buyers will unearth them during property inspection even if you don't. This means it's in your best interest to mitigate the hazards in your home before putting it on the market.
Illegal Upgrades
Renovating or remodeling a home may make it more attractive to potential buyers, but only if you carry out the renovations legally. This may mean getting the required permits and/or using professional contractors for the job.
Most buyers will shy away from your listing or offer ridiculously low prices for it once they learn it has illegal upgrades. This makes sense since the buyers will be expected to bring the illegal upgrades to code. It would be better for you to correct the illegalities before selling the house.
Presence of Sex Offender in the Area
The presence of a sex offender in your area may also thwart your attempts to get the best price for your home. People consider sexual offenses as some of the most heinous ones in the society, and most people will go to great lengths to avoid living near sex offenders.
Unfortunately, there isn't much you can do here because you can't get the sex offender evicted. You just have to strengthen your listing in other ways. Just know that although you aren't required to volunteer the information to potential buyers, you should also not lie about it if a customer asks you a direct question.
Pest Infestation
Lastly, the issue of pest infestation can also complicate your attempts to sell your home. No one likes to live with rats, roaches, or termites in their home. Pests carry diseases, are an eyesore, and can also damage the house.
Pest infestation is also likely to be discovered during the inspection process. Fortunately, an exterminator can help you get rid of the pests and allow you to sell the house at a good price.
You don't have to worry about deal breakers if you are represented by a real estate agent. The agent will help you get rid of the deal breakers or deal with them so that they don't actually break your upcoming sale.
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