Buying or Selling a Home With Pest Issues Buying a Home With Pest Issues Purchasing a home with pest issues can be a major concern, as pests can cause damage to the structure of the home and create health problems for the occupants. It is important to have a professional pest inspection completed before purchasing a home to identify any existing or potential pest issues. Pest infestations can have serious consequences for the integrity of a home and the health of its occupants. Termites, for example, can cause significant damage to the structural wood of a home if left unchecked. Other pests, such as mice and rats, can damage wiring and insulation, posing a fire hazard. They can also carry diseases, which can be transmitted to humans through bites or contact with contaminated surfaces. It is important to have a professional pest inspection completed before purchasing a home to identify any existing or potential pest issues. A pest inspector will look for signs of infestations, such as droppings, nests, and damage to wood and other building materials. They will also look for potential entry points and conditions that may attract pests, such as excess moisture or standing water. If the inspection reveals the presence of pests, you should consider negotiating with the seller to have the pests treated or for a credit towards the cost of treatment. You may also want to consult with a real estate lawyer to determine your rights and options as a buyer. In addition, you should consider the long-term cost of pest control and make sure it is factored into your budget for maintaining the home. Pest control can be expensive, and it is important to have a plan in place to address any future pest issues. Selling a Home With Pest Issues If you are selling a home that has pest issues, it is important to be proactive in addressing the problem and transparent with potential buyers. Pest infestations can be a major concern for buyers, as pests can cause damage to the structure of the home and create health problems for the occupants. The first step in selling a home with pest issues is to have the pests professionally treated. A pest control company can figure out how bad the problem is and suggest a plan for treatment. Make sure to do what they tell you to do and give the treatment enough time to work. It is also a good idea to have the home re-inspected  to ensure that the pests have been effectively eliminated. Next, it is important to disclose the pest issue to potential buyers. Most states require sellers to tell buyers about any major problems, like pest infestations, that they are aware of. This can be done through a property disclosure statement, which should be provided to potential buyers as part of the home sale process. It’s important to be honest and clear in your disclosure, because not telling the truth about known major flaws can cause legal problems in the future. It is also a good idea to provide documentation of the pest treatment, such as receipts or a certificate of treatment. This will show that you have taken steps to deal with the pest problem, which can help buyers feel less worried. Lastly, you might want to think about giving the buyer a credit toward the cost of future pest control. This can help ease their concerns and make the home more attractive to potential buyers. If you can’t offer credit, you might have to lower the price of the home to make up for the cost of pest control. It is important to be flexible and open to negotiation in order to make the sale. Final Thoughts In the end, whether or not you buy a home with pest problems will depend on your personal situation and how willing you are to take risks. If you are okay with how much it will cost and how much work it will take to get rid of the pests and are sure that the problem can be solved, you might want to think about making the purchase. However, if the pest issue is significant or the cost of treatment is prohibitive, it may be best to look for a home without pest issues.
Can I Sell my House During Foreclosure Introduction For someone who is unable to keep up with mortgage payments or other liens on the home, the foreclosure process is frequently drawn out and difficult. For those who are currently going through this process, there may be ways to continue without losing everything. Because of this, the people who live in the house can stay there until the dispute is completely settled. The homeowner should stay in their home, talk to a real estate lawyer, and do research to avoid a situation in which debts may still be owed for different reasons. This might result in a better outcome. The house can still be sold for a profit while the foreclosure process is ongoing. The current owner may sell the property for more than what is owed in mortgage payments if the property has not yet been sold through an auction. This would then generate enough income to pay off the mortgage debt and leave money on the table to buy a new home or rent or lease an existing one. This has to be completed, though, before the property is sold at auction to fund the foreclosure process. This calls for prompt action and proper documentation Aspects to Consider with Foreclosure A bank agent who starts the foreclosure process may be contacted by someone who is unable to make the required mortgage or loan payments to keep the account open. The homeowner may have other options, though, as these processes can take months or even years, depending on a number of factors. In some circumstances, the financial lending company may look for an alternative to foreclosure. It’s possible that a payment extension will be given. It might be possible to refinance or make a new payment plan by adding to the original agreement. Before leaving the property to foreclosure, it is best to get in touch and talk with the company to discuss any potential alternate routes. Others look at the contract for the lending facility to see what might be possible based on the fine print. To make sure that the payments are made at a lower interest rate or payment amount, another company may be contacted, or there may be a grace period to get the needed funds. Before taking any other action, it is best to seek the advice of a real estate attorney if this is not possible. He or she might explain that the best course of action might be to sell the property. However, the homeowner might only have a limited amount of time to do so. This means that before continuing with a sale before an auction, he or she should make sure that all of that information is known. Hiring a Real Estate Lawyer or Agent While the home is going through the foreclosure process, a seasoned and knowledgeable real estate agent might be able to get in touch with the lending institution and try to negotiate so that the property has time to sell. This may be a good way for the agent in charge of the case to make sure the homeowner gets their money, even if the bank or another institution won’t work with them. Before the sale can happen, a realtor might need to conduct a market analysis on the property to determine its true value. Then, to bargain with the bank, third-party authorization forms are typically required. In general, it is preferable to sell the house for a profit as opposed to a short sale or auction, where the owner receives nothing after the house is bought by the buyer. Due to the foreclosure process costing the company money and not always recovering all of the money owed, lending institutions believe working with the sale is a better alternative than going through with the foreclosure. It might take 90 to 120 days to complete a short sale in which the owner receives no money. During this time, the homeowner may still be making mortgage payments. Depending on the state in which the house is located, the foreclosure process can take weeks or months to complete. The completion of all paperwork can occasionally take up to or even longer than a year. Depending on the state, the owner usually has up to 90 days to fix a late payment so that the problem can be fixed and business can go on as usual. A realtor or real estate agent should be hired to help sell the house if this is not possible. A real estate lawyer should be hired to handle these things from start to finish to make sure that everything is valid, legal, and done the right way.
Closing Costs – What to Expect When you sell your house, there are many hidden closing costs that can eat into your profits. This article highlights what those common closing costs are. From agent commissions to transfer taxes, it’s important to be aware of all the potential expenses. One of the biggest costs you can expect is the real estate commission. This is a fee paid to the agent who represents the buyer. The commission is typically a percentage of the sale price, so it can add up to a significant amount of money. Fortunately, many closing costs are tax-deductible, and they can be offset against the proceeds of the sale. However, it’s important to be aware of all the potential costs involved so you can budget accordingly. Below are some of the most common closing costs and how you can budget accordingly: Agent commissions: Realtor commissions are the fees real estate agents charge for their services. The fee is typically a percentage of the total sale price of the home, and it is paid at closing. While realtor commissions can vary depending on the agent and the market, they are typically around 5-6% of the sale price. For example, on a $200,000 home, the realtor commission would be $10,000-$12,000. Realtor commissions are negotiable, and some sellers may negotiate a lower rate. However, it is important to remember that the real estate agent is providing a valuable service and is entitled to fair compensation. It is important to understand realtor commissions so you can factor it into your budget. Appraisal fee:  A home appraisal is an important part of the closing process on your home purchase. The appraiser will visit the property and assess the value of the home, taking into account factors such as the location, condition of the property, and recent comparable sales in the area. This appraisal will be used to determine the amount of closing costs that the buyer will need to pay. In some cases, the appraised value of the home may be lower than the purchase price, in which case the buyer may need to negotiate with the seller to bring the price down to match the appraisal. In other cases, the appraised value may be higher than the asking price, giving the buyer some negotiating power when it comes to closing costs. Either way, it is important to have a clear understanding of your home’s value before heading into closing. Legal fees: You may need to hire a lawyer to handle the legal aspects of your sale, or if you are selling directly to a buyer.. Their fees will vary depending on the complexity of the transaction and the location of the property. In some cases, the seller is responsible for paying all the legal fees associated with the sale, this includes any fees associated with the transfer of ownership of the property. Title insurance: This is a type of insurance that protects the seller against any claims made on the title to your property. It is typically required by the lender if you have a mortgage. The exact amount you will pay as a seller will depend on the specifics of your title insurance policy. However, knowing the typical closing costs can help make sure you’re not caught off guard. Mortgage discharge fee: If you have a mortgage on the property, you will need to pay a fee to have it discharged. This fee is typically around $200-$300. These fees are a common closing cost associated with refinancing your home. Discharge fees are paid to the lender to cancel an existing mortgage and create a new one. The fee is typically a percentage of the total loan amount but can vary depending on the lender. Be sure to ask about the fee and get an estimate from your lender before making any decisions about refinancing. Property taxes: One often forgotten potential closing cost is property taxes. Depending on the location of the property and the value of the home, property taxes can be quite expensive. In some cases, they can even exceed the mortgage payments! As a result, it’s important to be aware of the property tax situation before you purchase a property because they must be paid in full before the sale can be completed. Credit report: One cost that is often overlooked is the cost of ordering a credit report. A credit report is necessary because lenders use credit report scores to determine if buyers qualify for a loan and what interest rate they receive. While the cost of ordering a credit report may seem insignificant, it can add up – especially if you’re closing on multiple properties. For example, if you’re closing on a home and an investment property, you’ll need to order two credit reports. The cost of ordering two credit reports can range from $30-$50, depending on the provider. Pest inspection: A pest inspection can help identify any potential problem areas like termites and dry rot from pests, which could lead to costly repairs down the road. This will help uncover any hidden issues and help you with negotiating repairs or treatment prior to closing. Recording fees: To finalize the sale, you will need to pay recording fees. This amount is charged by your local government for registering the deed to your new home. Utility bills: Any outstanding utility bills will need to be paid before the property changes hands. These are the fees associated with finalizing the purchase, and they can add up quickly. utility bills are one of the most common closing costs. If you’re buying a home that is already occupied, you’ll need to pay for the utilities that have been used, through the date of closing. This can include things like electricity, gas, water, and trash service. In some cases, you may also be responsible for paying the seller’s utility bills if they haven’t been paid up to date to ensure you can have services turned on in your name. As you can see, there are a number of different closing costs that can add up when selling your house. It’s important to be aware of all of them so that you can budget accordingly and avoid any nasty surprises at the end of the process.

Selling Your House Fast. What Are Your Options?


Selling a house can be nerve-wracking, but if you have a limited timeframe, it might be even more stressful. There are a few strategies you may want to use to enhance your home’s marketability, shorten the amount of time it spends on the market, and generate competitive bids. Whether you need to sell quickly due to a new job, financial constraints, or a personal circumstance. Here are some quick house-selling tips and the options you have.

Pick Your Selling Strategy

When it comes to listing your home, you have two traditional options: 

for sale by the seller (FSBO) or through a real estate agent, as well as a few alternatives.

Sell your home as FSBO:

One of the most significant advantages of selling on your own is that you save money on commission. You’ll save the 3% you’d pay your own agent, but you’ll still have to pay 3% to the buyer’s agent. Yet, if you want to sell quickly on your own, you must be prepared to negotiate like a pro.

Prepare to negotiate payment deadlines, micromanage contract paperwork, and consider consulting an attorney to ensure all forms are filled out. Be aware that knowing the ins and outs of the selling process is of crucial importance if you want to sell your property as quickly as possible.

Hire a real estate agent:

The advantage of hiring a professional real estate agent is that they understand what it takes to sell a house quickly in your area. They will streamline contract preparation, negotiations, signing, and closing. Of course, you must pay them a  commission for their services.

Other alternatives:

Consider the following alternatives if you want to completely avoid the preparation required to sell your house fast:

Sell to an investor. There are numerous reasons why selling to an investor may be a good fit, but there are some considerations.

Offer it to a developer. This is a good option if your house is in need of repair and you don’t have the time or money to invest in getting it market ready based on your need to sell.

Set Your Selling Price

Once you have picked up your selling strategy it is important to price your property accordingly.

If you overprice your property, you will turn off prospective buyers as well as potential bidders. Furthermore, if prospective buyers want you to lower your price, the negotiation process may take longer.

To determine a reasonable price, your real estate agent will conduct research on comparable homes in your area. If you need to sell your home quickly, consider pricing it slightly lower to attract interest and maybe even spark a bidding war. If you haven’t received any offers by a certain date, you might reduce your asking price even further.

It’s also a good idea to consider the price points that buyers in your area are looking for and be strategic with it. If you list your home for $402,000, for example, you will miss out on all potential buyers looking for homes under $400,000. If asking for an extra $2,000 means fewer buyers will see the home, it’s probably not worth it.

Declutter, Clean, Stage

Buyers must be able to envision themselves in the space, which they will be unable to do if your home is messy. Clean your house from top to bottom, get rid of clutter, and hide family photos and other personal items. It’s common industry practice to hire outside cleaners, especially before you begin with the showings.

Rearrange the furniture so that your home looks inviting and buyers can move through it without hitting anything. Put large items in storage if necessary. A crowded room appears to be a small room.

Consider hiring a stager to assist you in highlighting your home’s best features.

Although staging isn’t cheap, the National Association of Realtors (NAR) estimates that staged homes sell 88% faster and for 20% more than non-staged homes.

Focus on Curb Appeal

Making a good first impression is critical if you want to sell quickly. The exterior of a home and how it fits into the surrounding neighbourhood are the first things a buyer notices. Pay attention to both the house and its surroundings to improve the curb appeal of your home.

It may be too late to make major changes. If you need to sell your house quickly, consider minor exterior repairs and maintenance. Such as touch-up painting, window washing, and fixing anything broken. If repainting your entire house is out of the question, paint just your front door. You can also replace your address numbers and door handles with newer, more appealing replacements.

Make sure that the path from the curb to your porch is clean and safe to walk on. This includes mending any crooked paths and trimming overgrown bushes.

Pay attention to your home’s surroundings. Plant flowers or scatter bark wood chips to give your yard a new look. Consider a welcome mat and keep your mailbox clean. Remove spiderwebs and other debris from windows, eaves, and porches.

A pleasant curb appeal not only welcomes prospective buyers, but also signals to the market that you’ve cared for the home, and they can assume the rest of the house has been well-cared for as well.

Be Flexible With Showing

Buyers prefer to visit homes on their own schedule, which is frequently in the evenings and on weekends. Furthermore, they want to be able to tour a home as soon as they find it online, especially if they are competing with other buyers in a hot market. More prospective buyers will see your home if it can be shown with little or no notice. If you require 24 hours notice, they may decide to avoid your home entirely. 

Oftentimes last-minute showings can cause a scheduling snag, but no one is going to buy your house if they can’t see it for themselves! If you are unwilling to accommodate buyers’ schedules, your home may sit on the market for an extended period of time.

Create an Excellent Listing Description

Once you’ve decided on a listing price and your home is in good condition, you’ll want to write a listing description that will help you sell your home . This is especially true if you sell on your own. If you use an agent, they will most likely write the description for you. However, it is still important to understand what makes up a good listing description.

In the listing description, highlight your home’s best features by using effective keywords that will attract buyers.

Include anything that makes your neighborhood appealing, such as the school district, proximity to public transportation, and nearby restaurants and parks.

Include a sense of urgency, and make use of your professional photographs.

Optimise the Offer

Offering something to sweeten the pot is another way to make the home and deal more appealing. Buyers love financial incentives, so if you’re short on time, think about how you can make your offer more appealing. Here are some examples:

  • covering all closing expenses
  • accommodating the buyer’s preferred move-out/move-in schedules
  • accepting all inspections
  • providing a transferable home warranty with reduced repair and replacement services for household appliances and systems

How a Cash Buyer Can Help Sell your House

There are many benefits of using a cash home buyer when selling your house. The most obvious benefit is that you will receive cash for your house. This can be helpful if you need to move quickly or if you are behind on payments and need to catch up. Another benefit is that you will not have to go through the hassle of showings and open houses. This can be a time-consuming process, especially if you have already moved out of your house. Finally, cash home buyers typically do not require repairs or renovations before they purchase your house. This means that you can sell your house as-is, which can save you time and money.

Cash home buyers like Fair Property Buyers buy homes directly from sellers, which saves time. This option can be a good choice if you need to sell your home quickly.  Although the amount of time it takes to sell your home on your own may vary, working with a cash buyer is a fast process. You can close and have cash in hand from Fair Property Buyers in as little as 3 days, depending on the situation. This allows you to move on from your old house and start fresh without having to wait for months or even years to find a qualified buyer. If you are looking for a fast and easy way to sell your house, then selling to a cash home buyer may be the best option for you.

In conclusion

Selling a home can be stressful, especially if you’re on a tight timeline. Luckily, whether you need to sell quickly due to a new job, a life event, or financial considerations, there are ways to speed up the process.

If you don’t have a large budget to prepare your home for sale, concentrate on the first impression that buyers will have when they see it for the first time. Buyers can make a decision in a matter of seconds—a few from the curb, and a few more when they walk through the front door. Make those seconds count by using a great agent, a well-kept home, and a strong financial offer.

Greg Bilbro

Greg Bilbro

Greg Bilbro is the CEO and co-founder of GeoFlip. After a decade of successfully flipping hundreds of distressed residential properties himself, Bilbro founded GeoFlip. His single focus is to deliver in-bound leads and build 7-figure results for REI's nationwide. His history of 20+ years as principal buyer, 10+ years generating leads and 2,600 Conversion Coaching hours makes him an authority in the lead gen space. Prior to entering the real estate space, Bilbro was a Series 7 and 63 securities and registered investment advisor with New York Life and NYLife Securities. Soon after being named “Rookie of the Year”, he was promoted to become the youngest Partner nationwide at New York Life at just 25 years old. Bilbro is a native of Texas and holds a Bachelor of Science degree in Biochemistry from the University of New Mexico. He currently hangs his hat in Scottsdale, Arizona with his sidekick Frenchie, “Bity.”

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