Who can she sell to? Some kind of contractor company or something, who can fix it up? I think there is about 53k left on the mortgage due to a previous refinance in 2003ish (the mortgage was otherwise just shy of being paid off completely before the refinance to pay off some other bills).
Suggestions? Do we need a realtor? I'm not sure if we can get 53k from it. But we've gone around leisurely looking at houses in other areas. They wanted nearly that much for houses with busted windows, horrible trim, bad paint, etc. that looked horrible outwardly...and that was with a realtor.A question about selling a house that is not up to code?
look for investors in your area to flip it to,,,,
read your sunday paper classifieds looking for real estate wanted ads.
also look on craigs list for local investment clubs and see if someone there wants a rehab project...
also chat with your local buiding department, and see if they have a POS or point of sale inpection requirement.
It could be if the house has known code violations, the city can demand a POS inspection, and demand the violations be corrected as a requirement of sale.A question about selling a house that is not up to code?
Beware of the advise to sell as is. In some states you are required to tell what is wrong with a house. Also you need to know that some places have laws that state a house has to be code for when it was built but not necessarily updated to keep up with new code. You can disclose original wiring and plumbing and leave it at that. That tells the buyer to expect old stuff. When your mom is out and all her stuff is out, you will have to open everything including the attic and bomb the bejeezers out of it several times. Use different brands because roaches can get used to the same poison. Spray out side and especially around the base of the house and windows. If you can't sell it for enough $, you can see if the bank will accept less. If not, you will still owe the difference but get a professional to give advice on that. There are a lot of people that buy up older houses in need of repair at a good price and fix them up and sell them. . .even in these times. You have a good solid house so look around and you can go to wherever they have records and look up the worth of like houses in like neighborhoods. Don't under estimate the value of your house. $53k is not a lot for a house. Put some effort into making her house look better like landscaping and clean and paint and cheap fixable things so that it looks better. That is time and money well spent. Fix with the idea to sell. A cute clean well landscaped house makes a good first impression. And be sure it smells good too.
And, if you decide to paint, put a little hole in the wall and direct bug spray in between the walls, spacklle and repaint. That will really help because that's where they all are.A question about selling a house that is not up to code?
It should be listed as a "fixer upper" and sold in "as is" condition. The buyer purchases the house knowing he will have to make improvements.
Definitely obtain the services of a realtor. They can emphasize the good points while still letting the prospective buyer know about the defects.
And a good realtor will make sure the paper work says you are not responsible for fixing anything after the sale.
Around here we have companies that buy "ugly houses" for kinda cheap. You might try one of them. It would be worth the cost of an exterminator if your mother is still in the house. When we lived in NYC we had to do that. Even with an exterminator 3 times a month, we'd still get them. They're almost invincible when they get a foothold, and you need a pro to get rid of them.
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