There may be a high possibility that you will have to sell your house in the winter climate due to the cold from the snow. Snow can arrive unexpectedly from the middle of October when the winter season begins unofficially. For many homeowners, the spring season is the most appropriate time to sell due to the market being the best in the real estate industry as far as seasons are concerned.
Many homebuyers in winter periods, though, may use FHA loan financing to finance their home purchases. Other loans available that an individual may consider in addition to FHA are USDA and VA financing in home buying. This article focuses on six repairs using the FHA financing option for the quick sale of a home during the winter.
Ensure the roof is in good condition. Missing or curling shingles should be fixed making sure that the home is appealing to buyers in the market. The roof is required to have at least three years expectancy in order to acquire it utilizing FHA and USDA loans. An appraisal is used by the financer to inspect the roof to identify the roof life expectancy before qualifying a buyer for the loan. It is essential to focus on hiring professionals in replacing and repairing the roof. A roof that is in good condition makes it possible to control the flashing, piping, among others in the home.
Inspect the downspouts and rain gutters. In the home, the rain gutters are used to direct rain and melting snow to the downspouts for proper functioning of the house. The rain gutters are required to be free from debris and leaves for an appropriate directing of water to the downspouts. Proper drainage must be used in ensuring that the basement of the building is not affected by the flowing water or melting snow. Buyers do not like basements that are damaged by water requiring the owner to fix the drainage system before looking for potential buyers.
Repair the home exterior and peeling paint. It is important to repair the exterior of a home to ensure it is more appealing to buyers. Windows and doors needing to be re-painted, though, negatively influence a buyer to obtain the house if they are left in need of repair. The application of a new coat is ideal. It may be necessary to remove and scrape the peeling paint in the home for increased curb appeal of the home. If your home was built before 1978, it is important to apply a new coat to assist in the selling of your home.
Covering wires and electric connections. A red flag is raised when there are exposed wires in the building as it is dangerous to individuals. Checking inside and outside for exposed wires is used in ensuring that there is no possibility of being electrocuted in the home.
Fencing should be tall and sturdy. Vinyl or chain links fences typically do not have many problems as they can last for long periods of time. However, wood fences can lean thus requiring continuous maintenance for the home to look more appealing to buyers. Appraisers find it a safety issue when there is leaning or broken fencing in the home. It becomes extremely hard for one to sell a home when the fence is leaning.
Replace broken and cracked windows. The homeowner may be required to repair windows even if an appraiser does not find an issue with broken and cracked windows.
Finally, it is essential to handle the above issues before snow arrives in the winter.
Winter Sale Bonus
BONUS – A warranty is aimed at providing homebuyers with the required information of the home. A home warranty can cost anywhere from $350 to $500 depending on the plan. The home warranty covers plumbing, cooling, and heating for proper purchase in the real estate market. In case of problems during the warranty period it is common to incur a service fee of $60 or so for fixing and replacing of the home item. This may be a nice option to offer the potential homebuyer to increase the ability to sell your home.
At P3 Homes Group, we tailor our services to suit your specific and unique different needs. We are a real estate investment company located in the Chicagoland area. We buy and redevelop single family homes and work to turn unappealing properties into beautiful move-in ready homes. We treat each of our clients professionally and with respect.
The owner, Christine Witek, buys property all over Chicago. She has specialized in buying homes being sold below their market value, renovates the homes, and then resells them. We do not charge realtor fees or any kind of commission fees. We are sure to work to put a smile on your face. Call us today if you have any questions or email us with your inquiries. We will respond to your questions within 24 hours. We hope to hear from you soon!
We service real estate sales in the following Chicagoland areas: Naperville, Winnetka, Saint Charles, Geneva, Batavia, Plainfield, Wheaton, Wilmette, Hinsdale, Northfield, Northbrook, Glencoe, Glen Ellyn, Glenview, Deerfield, Deer Park, Lake Zurich, Lake Forest, Lake In The Hills, Huntley, Algonquin, Buffalo Grove, Inverness, Palatine, Barrington, South Barrington, Wayne, Winfield, Warrenville, Aurora, North Aurora, Elburn, Kaneville, Maple Park, Hampshire, Sugar Grove, Lisle, Downers Grove, Park Ridge, Niles, Des Plaines, Norridge, Roselle, Morton Grove, Wheeling, Mundelein, Oakbrook Terrace, Lake In The Hills, Oswego, Carol Stream, Campton Hills, Bloomingdale, Elmhurst, Elgin, South Elgin, Hoffman Estates, Streamwood, Bartlett, West Chicago, Arlington Heights, Barrington Hills, North Barrington, Vernon Hills, Hawthorn Woods, Lincolnshire, Westmont, Kenilworth.