So you need to sell a 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 Reno.
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 Reno and the surrounding areas. Remember, the county’s or city’s code enforcement may also charge fees or fines 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 should you choose to sell. 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 Envy Property Solutions, LLC because the closing could happen in a matter of days or weeks rather than in a few months or longer with an agent.
Because it may require a tremendous amount of cash out of your pockets, another option is to consider selling as-is to sell a house with unpermitted work in the Reno area. 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 Envy Property Solutions, LLC.
Envy Property Solutions, LLC
A direct sale to Envy Property Solutions, LLC might be your best option for you to sell a house with unpermitted work in Reno. At Envy Property Solutions, LLC, we work with simple, straightforward contracts and take the time to listen to the problems you face and offer solutions to help. Then, with the power of cash backing Envy Property Solutions, LLC, you can close in a matter of days or delay the closing if you need a few more weeks to for your plans. The direct buyers at Envy Property Solutions, LLC will explain every step of the process. Envy Property Solutions, LLC will even explain how much you would realize from the sale if you were to list with a traditional real estate agent or work with us. When you work with a direct buyer from Envy Property Solutions, LLC, our goal is that you agree that our offer is fair for your home as-is. Call Envy Property Solutions, LLC at (775) 391-5236 or send us a message today!