 Repair roof? (by Donns [IN]) Mar 15, 2016 3:59 PM
 Repair roof? (by Laura [VA]) Mar 15, 2016 4:04 PM
Repair roof? (by Donns [IN]) Mar 15, 2016 4:12 PM
Repair roof? (by Donns [IN]) Mar 15, 2016 4:12 PM
Repair roof? (by Donns [IN]) Mar 15, 2016 4:12 PM
Repair roof? (by Pattyk [MO]) Mar 15, 2016 4:58 PM
Repair roof? (by Richard [MI]) Mar 15, 2016 5:52 PM
Repair roof? (by John [IN]) Mar 16, 2016 5:30 AM
Repair roof? (by Donns [IN]) Mar 16, 2016 6:14 AM
Repair roof? (by Donns [IN]) Posted on: Mar 15, 2016 3:59 PM
Message:
State Specific Question About: INDIANA (IN)
I have an As Is fixer upper (left in this condition by an old RE partner who also left me with over 8k in liens) that I want to sell to a cash buyer. A contractor give me an estimate on total repairs, which is in the 35k - 40k range, of which a portion of that was to repair the roof. The overall budget is too much for me, but I could swing the roof alone, if I had to. Wondering folks thoughts on whether to proceed with the roof repair if I am looking to sell as is. Obviously it could make the house more appealing, but generally on an as is, is it worth it to spend the money? --104.148.xxx.xxx |
Repair roof? (by Laura [VA]) Posted on: Mar 15, 2016 4:04 PM
Message:
Once you label a piece of RE 'as-is', all bets are off and the price reflects that. I would not put a penny into it because you'll never get it back. How long has it been on the market? If it is completely unsellable, that might be a different matter... --76.123.x.xxx |
Repair roof? (by Donns [IN]) Posted on: Mar 15, 2016 4:12 PM
Message:
It's not on officially the market yet, but shortly. I had two ppl who were trying to work out deals and couldn't make them work. One said he couldn't get a mortgage because the roof needed to be repaired, thus the reason to want to sell to a cash buyer. But, if I don't want to Iimit to who I sell to I'm thinking I may need to redo the roof.
--104.148.xxx.xxx |
Repair roof? (by Donns [IN]) Posted on: Mar 15, 2016 4:12 PM
Message:
It's not on officially the market yet, but shortly. I had two ppl who were trying to work out deals and couldn't make them work. One said he couldn't get a mortgage because the roof needed to be repaired, thus the reason to want to sell to a cash buyer. But, if I don't want to Iimit to who I sell to I'm thinking I may need to redo the roof.
--104.148.xxx.xxx |
Repair roof? (by Donns [IN]) Posted on: Mar 15, 2016 4:12 PM
Message:
Sorry for the double entries. Operator error! --104.148.xxx.xxx |
Repair roof? (by Pattyk [MO]) Posted on: Mar 15, 2016 4:58 PM
Message:
Perhaps you do if buyer needs loan. Find a buyer and then you'll also find the answer to your question. ..repair roof or not.
For now NO. --66.87.xx.xx |
Repair roof? (by Richard [MI]) Posted on: Mar 15, 2016 5:52 PM
Message:
Why not sell with owner financing and then sell the note? --75.86.xxx.xxx |
Repair roof? (by John [IN]) Posted on: Mar 16, 2016 5:30 AM
Message:
If the buyer want's it they can apply for the Section 203(k) loan who allows borrowers to wrap the cost of repairs and improvements into a single mortgage. The buyer just need to inquire with their loan officer. Also they need to be first time buyers and go for FHA type loan.
--67.236.xxx.xx |
Repair roof? (by Donns [IN]) Posted on: Mar 16, 2016 6:14 AM
Message:
Thanks for these tips. If I still want to find a cash buyer do you have any suggestions on how best to do this? --104.148.xxx.xxx |
Reply:
|
|