our Dealing with a termite infestation is never fun. It can be particularly frustrating when these tiny bugs infest a house that you want to sell. Just because they have invaded, doesn’t mean all hope is lost. In our latest post, we will give you pointers to sell a house with termite damage in Chicago.
Let’s face it, having bugs in your house is gross. Potential buyers can become very put-off by seeing any little creature running through your home. You should try to solve the problem at the first signs of infestation. This will save you money and frustration down the road.
Determine The Size of The Infestation
Determine if you are dealing with a full-blown infestation or just a few bugs. Hopefully, it is the latter and you have been able to catch them in time. Whether you have 1 or 1,000,000 don’t hesitate in handling the problem. A termite infestation can grow rapidly, so take action at the first signs of them in your home.
It is important that you tell all potential buyers about the infestation and what you have done to remedy it. They need to be aware of what has happened to the home and be on the lookout for any resulting damages. Not doing so is fraud and can cost you big-time. It is better to be upfront than to hide a problem. It might take longer to find a buyer, but at least you won’t be setting yourself up for a lawsuit.
Extermination Can Be Expensive
Depending on the size of the infestation, the extermination can cost thousands of dollars. This is why it is important to catch the invaders as quickly as possible. You don’t want to spend thousands on a problem that could have only cost a couple hundred. If left unattended, termites can cause major structural damage, and even destroy your entire home.
Buyers Might Get The Heebie Jeebies
People don’t typically like bugs, especially when they are in their house. Do everything you can to ensure potential buyers that the problem has been properly resolved. Consider having a preemptive inspection done, showing proof that there are no longer bugs living in your walls. Do other things during open houses and property showings to emphasize the cleanliness and quality of the home. Make sure the place is spotless, smells amazing and is decorated impeccably. Make the place look so great, potential buyers won’t even remember you had a problem with termites in the first place.
Buyers May Have Funding Difficulties
As you might imagine, lenders may not want to provide financing for a house that could potentially have a small army of intruders. Invasive termites and other pests can cause a wealth of problems. Termites can not only cause structural damage but electrical damage too. It might be more difficult for your potential buyers to get a loan once the bank learns about the infestation. Keep this in mind, and provide any and all clean up and repair verification the bank requires.
Consider Selling As-Is
There is a way you avoid the costs of fumigation, listing, and waiting for the right buyer, and that is to sell your house as-is. At Heartland Funding Inc., we buy all sorts of distressed Chicago houses. We will buy your house as it is right now, handling any of the problems that come along with it. A direct sale can help alleviate the costs and hassles of a burdensome Chicago home.