The real estate market is shifting fast, more inventory is coming on the market daily, mortgage interest rates are skyrocketing, causing it to take longer to sell your home on the open market. The shift from a sellers market to a balanced market is happening and quickly.
What do you do if you have a home that’s very dated or needs extensive work and you need to sell fast? If you put it on the market it could sit for months with out offers. After you get an offer, the buyer will likely have an inspection and may pick your home apart and have more negotiating, or worse yet…cancel and you have to start over again and maybe wait a lot longer to find a new buyer. These are valid concerns for sellers who have a home they need to sell fast.
When you own a problematic home, they come with a lot of stress and it costs a lot of money every month to own. The city might be fining you for repairs, with inflation sky-high and contractor charging very high labor rates, it cost a lot of money to make home repairs. Then picking the right contractors is a whole stress in itself. These are many of the reasons Sellers have been turning to Henryhomebuyer.com for an easy low stress sale of their home and avoid the traditional way using a realtor.
We recently had a seller who needed to seller this home, it was in very poor condition, had a ton of mandatory city repair items that had to be fix before anyone could occupy the home.
Crumbling foundation
The sewer system was shot and needed to be replaced.
The interior needed a complete renovation
We understand these circumstances, the home needs serious work and needs to be sold fast and a cash home buyer is the best option for homes like this. Henryhomebuyer.com buys these type of homes and can close fast.
What you need to know when selling your St. Paul home
The city of Saint Paul requires every home must have a Truth-in-sale of housing inspection, also known as “TISH” prior to deed transfer.
You can read about this here. Truth-In-Sale of Housing
The city has a list of approved TISH inspectors. They come out and write an inspection report. They typically charge between $200-$250 for this service. Any items they issue as hazardous will need to be either:
- Fixed and reinspected prior to closing, or
- The buyer can assume the repairs and sign an agreement.
In most cases we assume the repairs, so the Seller doesn’t have anything to worry about. The problems of the home, become our problem and no yours anymore.
From here closing can be scheduled it’s that easy!
What to expect from Henryhomebuyer.com
When a Seller contacts us, typically Troy Molde, the owner takes the call or email and will ask about the property condition and try to get a better understanding of what’s going on with the home, the type of repairs that will be needed and what the sellers goals are. If looks like Henryhomebuyer.com is a good fit for the Sellers needs, we will schedule a time to come look at your home St Paul home.
After seeing your home Henryhomebuyer.com will come back to the office, estimate costs to repair your home and make an all cash offer.
From there the inspection is scheduled, often if Henryhomebuyer.com and the Seller agree on a price and sign a purchase agreement, Henryhomebuyer.com will pay for the TISH inspection.
After inspection, as long as there are not extraordinary repairs that were not unaccounted for, this rarely happens, then we sign the form assuming responsibility for the required repairs.
We have title cleared with the title company and close. Working with Henryhomebuyer.com, a cash home buyer, simplifies home sale when there are problematic homes.
Reach out to us today to see if were a fit for you.
Thanks for reading
Troy Molde
