Selling a Lebanon Home That Needs Roof Repair
If you’re considering selling a home in Lebanon and it needs a roof repair you may be wondering if you need to repair the roof before you list your home for sale. The answer to this depends on the method of selling you want to take for your Lebanon home and the condition your roof is in.
Reasons it Could be Beneficial to Replace the Roof
- Replacing the roof before selling the home makes sense if you have a roof in the following conditions:
- The roof was recently damaged in the storm and the repairs to the roof will be completely covered under homeowner’s insurance
- You’re hoping to sell for the highest possible price to obtain a target profit on your home sale.
- Minor repairs will not solve the issue of the home and you are concerned that the roof condition could jeopardize the ability to sell in a reasonable timeframe
Why You Might Reconsider Repairing the Roof Before Selling
If your roof is in pretty good condition but could probably use a couple of spot repairs it is probably best to leave the repairs undone and list the home for sale. This is because making repairs to a roof does not add much value to the home. A homeowner can expect to only see about 60% of the money they spent on roof repairs to come back in the offer on their home.
For example, if you put $30,000 into the roof of your home you might only expect to see an increase in your sales price of around $18,000.
“It’s hard to pin down exactly how much a new roof will increase your home value. You’ll need to weigh factors, like roof condition, real estate market conditions and buyer desires.”- blog post from Knieper Team real estate in Granbury Texas
If Selling your Lebanon Home as Quickly as Possible is Your Main Focus There is Another Method
If you are concerned about spending a large amount of money to get your roof in peak condition so that your home sells as quickly as possible there is a way you can sell your home quickly without needing to worry about making any repairs to your home.
The option is to sell your Lebanon home to a cash home buyer. A cash buyer will consider the purchase of your home in any condition. A cash homebuyer will come out and look at your home to ensure that it fits within their buying parameters and will make an all-cash offer. This means that a Lebanon home buyer needs to do nothing to get their home ready to impress the buyer. All they need to do is contact a cash homebuyer and wait for an offer.
A cash home buyer will not expect you to make repairs to your roof and pay a large sum of money to get it in top condition. They expect to see a home that needs a little bit of work and will not be thrown off by a roof that needs some repairs. You may receive a lower offer than selling traditionally when your home is in top condition but when calculating out all the math it could be just as cost-effective and much less of a time requirement and hassle.
When you receive your cash offer in writing you will be able to look it over carefully and ask any questions. There will be no pressure to take the offer and there will be no waiting around for a due diligence period of the home buyer securing their funds and going through the inspection and appraisal process. You will not pay any extra real estate fees and you could get your home sold in as little as seven day
If you have a Lebanon home in need of roof repair but do not have the time, energy, or money to make the repairs contacting a cash homebuyer can be a promising way to get your home sold.
