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Seller Has Unanticipated High Costs for House Sale

Home sales can be a challenge for the seller, with a lot of unpredictability. Mark and Debbie found this out the hard way.

The couple had rented their former residence located in a desirable area of town. Mark and Debbie decided that they wanted quick cash, and priced the house at the realtor’s recommended competitive price. After making repairs to the house, like replacing a broken tile, the residence was placed on the market.

An offer came in quickly. The potential buyer backed out when the inspector noticed a water leak on the patio. The roof was replaced before the home was relisted. The new roof cost the couple $9,936. A leak was also found in the water heater, this was a repair of $450. After the residence was listed again, the next potential buyer backed out because the home had polyurethane plumbing. Determined that this would not deter the next potential buyer, the sellers replaced the plumbing at a cost of $3,967. While waiting for the third offer to close, a tree fell on the screened in patio. This was a repair of $2,400.

Mortgage payments, basic utilities, and landscaping continued to eat into their cash. With the third offer at $20,000 less than the asking price, the sellers made much less than they had expected.

Mark and Debbie wished that they could have had a better idea of the final number sooner. The sellers were grateful when the house finally sold after months of stress.

​If you want to sell your home quickly without expensive repairs, contact Seller’s Advantage online (https://www.sellersadvantage.com/contact/) or call us at 1-800-208-3243 to get a no-cost, no-obligation quote on your home. We purchase homes in AS-IS condition and can give you a cash offer in as little as 24 hours.

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