Menu
If your home needs repairs, it can be extremely difficult to sell if you list it on the traditional real estate market. In most cases, your broker or agent would expect you to first repair the home before listing it. As an alternative, you could sell your property to a company that buys houses in any condition—whether it needs a new roof after a storm or is just old and in need of major renovations. Los Angeles Cash House Buyer, a home buying company of real estate investors, will buy your house As Is, fast, and for cash. For years we’ve provided the best home buying services to the residents of Los Angeles, CA.
When you go the traditional route, you can’t sell a house in less than several months, and sometimes it takes a year or more to complete a sale, especially if it’s a run down house with problems. In contrast, we close sales in 3 to 30 days, even for difficult houses.
Do you have a “fixer upper” house that needs a lot of work, while you have no time or money for repairs? We buy homes in any condition. That means we buy ugly houses that need all kinds of repairs, no matter how serious they are: from just a little updating to major renovations and restoration after a destruction.
In traditional home sales, it’s not unusual for the buyer and seller to have to wait for a mortgage company or bank to approve a loan before the sale can be completed. Especially if your house has problems, it can be really difficult for your buyer to get approved even if they agree to fix the property themselves. As a real estate investor, we need no loans, as we pay cash for your home. Closing the sale with us means you cash out really fast, as the sale doesn’t depend on a third party.
Our cash offer for your home is always transparent and above-board, so you won’t find any hidden fees, commissions for brokers or agents, added charges for completing routine paperwork, or any other surprise closing costs sprung on you – what we offer you for your home is what you get.
Even if the visible damage from a fire is minimal, it’s possible that the underlying structure is compromised. Depending on the cause of the fire, major work may need to be done to prevent another fire from occurring. Water or chemicals used to extinguish a fire may also cause additional damage to the house. If the home has significant damage, the residents may need to rent another place to live while repairs are being completed.
Theoretically, a house with foundation repairs is as good as new, assuming the repairs were completed properly. It should not affect the home’s resale value, but in reality buyers are often scared off by a house with a history of structural or foundation issues. A buyer may also find it harder to get financing to buy a house with foundation problems. Whether you choose to make the repairs or not, structural and foundation problems make it a more difficult house to sell.
When a house has been flooded, drying it out is just the beginning. Even if the water didn’t stand in the home for a long period of time, the water damage and mold are hard to avoid. Water damage is more than cosmetic, it can penetrate all the way to the structure, and mold can grow in any place water has been. Much of the damage is hidden, and putting it to rights requires expert handling, as well as likely being out of the house while remediation and repairs are finished.
A home with a termite history can leave a bad taste in the mouth of a potential buyer. The seller will be expected to pay for treatment and repairs – those are rarely covered in homeowners insurance policies, and often require vacating the home. If an inspection turns up evidence of termite activity or damage, it will be unquestionably harder to find someone who wants to buy your property.
Asbestos, valuable for its fire-retardant and insulating properties and widely used for decades, was later banned due to its less useful carcinogenic properties when broken, crumbling, or cut. Asbestos siding, ceiling and floor tiles, shingles, and a variety of other materials can still be found in many homes, and are harmless until disturbed. However, buyers avoid properties containing asbestos. Asbestos removal and replacement with safer materials needs to be handled by professionals and is never cheap.
Fixing up or updating a junk house is an option, especially if you have plenty of money and time to spend on it. It’s an investment that can help you sell your house much sooner than without repairing it, and get more money for your property.
If you can’t afford paying for repairs and waiting for a few months after all fixes for an interested buyer, and then until they get approved for a loan, you could sell your home in poor condition As Is to a real estate investor. You can get cash in just a few days while someone else takes on your fixer upper.
Unfortunately, you can, if you don’t disclose a problem with your property that could be found during a reasonable investigation. Otherwise, the seller has no real responsibility after closing: all disclosed issues with the house become the buyer’s problems as soon as the home is sold.
A home seller’s liability is limited to problems that were not disclosed before the sale was completed. In California a buyer has 3 years to file a suit after the sale if they discover a defect that was not disclosed in writing. If it was disclosed as required, any issues become the problem of the new owner after the closing. In California, it’s the seller’s responsibility to have the home thoroughly inspected and investigated before closing.
The “Transfer Disclosure Statement” required by California real estate law asks a seller to declare any known property defects or damages to prospective buyers. These include the presence of asbestos or other hazardous materials, as well as defects in structural components including the foundation. This form does not ask about past termite infestations, structural damage, or foundation repair, or other such issues that have been repaired or remedied, except for the ones that weren’t made in compliance with building codes. A lawsuit may be filed up to 3 years after relevant problems are discovered by the buyer, if the seller failed to properly disclose them.