Today, most property buyers want to perform a home inspection before they buy. This is a good idea because as a buyer, you want to have a clear idea of any costs involved for repairing a property before you make an offer. Unfortunately, this gives buyers a very strong position for negotiating your sale price down too!
In fact, if you have a home with code violations or is in a distressed or derelict state, most buyers are put off the property – and even if a buyer still wants to make an offer, they can lowball you far beyond the actual repair costs.
So, it’s important to do your research on who to sell it to so that you can still get the best price and sell your home fast – even without having to do the repairs yourself.
Yes, it is legal to sell your home if it has code violations. In Texas, sellers need to provide a Seller’s Disclosure Notice (TXR 1418) under the Texas Property Code. Here, you have to disclose “a significant defect, including a latent structural defect, known to the license holder that would be a significant factor to a reasonable and prudent buyer in making a decision to purchase real property”. This includes termites, plumbing problems, electrical problems, water leaks, roof damage, structural problems or damage, litigation, boundary disputes.
This is designed to give the buyer necessary information to make an informed decision. If issues are not disclosed, the buyer can rescind the agreement, or the seller can be held responsible even after the sale has gone through. This can mean hefty fines, lawsuits, and repair bills!
However, you do not have to disclose any issues if you are selling a newly constructed home, selling through an “as-is” agreement, or if the buyer is purchasing a lender property in a foreclosure sale.
A home with code violations will sell for less money than one that’s in perfect condition, and it will take much longer to sell too – but that doesn’t mean it isn’t worth selling!
After all, if you leave it in that condition it will continue to lose value the longer you wait. If you decide to rent it, you will need to correct any code violations before you can rent to tenants, and these repairs can be very costly – with no guarantee that your tenants will care for the home.
If you’re on the fence about what to do, the best option is to get a home inspection done yourself and bring in reputable contractors to quote you on the repairs you need.
If selling your home is still the best option, then you need to try sell it fast. And that’s not easy when the code violations and repairs are likely to put off a buyer!
When you want to sell your home and get a good price without spending more money on repairs, fixing code violations, or paying real estate agent fees, there’s no one better than us! Our Dallas cash property buyers purchase homes in any condition, at any time of year, from well-kept family homes and inherited homes to teardowns and everything in between. We’re a family owned and operated business, we live in the area, and we pride ourselves on non-pushy, expert, yet compassionate service.
And if you want to sell your home fast, we can do it in 24 hours.
If you want to sell your home as is without having to look for a buyer, deal with a real estate agent and pay their commission, or even empty the home, then the best option is to sell directly to our cash for homes agency. We price your home according to the market, so you get a fair deal in record time, and we can even help you get out of foreclosure quickly!
When you want to sell your home with code violations, it’s an inherited home, in foreclosure or because you simply want to sell without paying for repairs, we will buy your home fast, putting a lump sum into your account in a matter of days.
That’s all there is to it!
Our team at Shiny Keys Property is compassionate and highly motivated to offer you the best possible market-related price for your home, so you can sell your home with code violations fast. Not only does this cash go straight into your bank account as soon as the sale goes through, but you also pay no real estate agent fees or commission. It’s the best way to sell your home as is, and it makes us a great buyer for your property.