If your property needs to be brought up to code, you may have experienced that it is much harder to sell in this market. Sometimes it can even be impossible to find a buyer, because lenders will not approve a loan on a property that needs excessive repairs or is deemed unsafe by the city.
And more often than not, buyers are simply picky, because they have so many properties to choose from if they are qualified to buy.
Let's take a step back and discuss what are code violations. Code violations can span everything from not abiding by construction standards to having a faulty alarm system. Thought most building codes emphasize structural safety, there are municipalities who fine homeowners for not mowing their lawn, allowing garbage to collect in their yards, or not cleaning up their pools. The most serious code violation, however, comes from homeowners adding living space without the proper building permits. Due to the continuous updates made to building code regulations, it is very likely that your home has a few code violations at this moment--even if it appears to be in pristine condition. If you're looking to sell and haven't reviewed your city's building codes now is the time to familiarize yourself with the regulations.
Photo Credit: The Portland Press Herald
When you don’t have the means or the time to fix the property before putting it on the market, it can become unmarketable. With lending standards as tight as they are, if you have even so much as a broken door knob, you may be trying to market the unmarketable. Once somebody purchases a home, the new buyer inherits the violations that come with it and most buyers don't want the hassle. Very few will purchase a house with liens, fines, and open code violations against it.
If you are about to lose your home because of code violations! Every year, thousands of people try to sell a house with code violations and fail. Rocena can teach you how to beat the odds. Let your fixup be our burden. We are in a position to pay cash for your property and deal with any repairs after we close. You get your money fast, we get to fix up the property and help a family looking for a new home. Everybody wins! Why not get started today and see if your property can qualify for our buying criteria?
