Selling a home in Reading, PA can be stressful, especially if your property has problems. This can make it more difficult to sell and increase your stress levels. Financial issues, such as an outstanding mortgage, unpaid bills, or a pending foreclosure can further add to your difficulties.
Big Reasons Your House in Reading May Not Sell Quickly
Although the current inventory of houses in Reading is low, there could be several factors that hinder the quick sale of a house in the area. According to Bankrate’s projection for 2023, the inventory of homes is expected to increase due to rising interest rates and an unstable economy. As a result, homes with problems similar to the ones we have discussed will likely have a lower chance of selling through traditional means such as an agent or FSBO.
General Disrepair or Bad Foundation
The house is in bad shape both inside and out. The exterior has peeling paint, broken windows, and other problems which make it look uninviting. However, the foundation is the biggest concern as there are cracks throughout the entire building. These cracks not only look bad but also pose a safety risk. Additionally, the repair work that was started was never finished, so the house is currently considered unpermitted. The house cannot be sold or leased until the foundation is restored and the required permits are obtained. The alternatives are to repair the foundation and sell the house or sell it in its current state to a suitable buyer. Fixing the foundation will necessitate both money and time, and the house will continue to degrade until it is repaired.
Mounds of Clutter
As time goes by, people tend to gather a lot of personal belongings which can make their house feel crowded and congested. This includes old furniture, sentimental items, and even junk. This accumulation of clutter can become overwhelming, especially in homes that have been occupied for a long time, particularly by older people. Ultimately, selling such a house with excessive clutter can be extremely difficult. The presence of clutter in the house may cause buyers to question whether they can actually buy it and also obstruct their ability to envision the available space.
Musty or Moldy Odor
Selling a house with a mold or mildew smell can be very difficult, as buyers may be deterred by the odor and may even want a lower price. While there are some things you can try to improve the situation, such as getting rid of the musty smell, a more comprehensive renovation may be necessary to make the house more appealing to potential buyers. The smell has spread all over, even into the carpet and walls, which could be a sign of a bigger problem like mold. Cleaning it might be expensive, and it could affect the buyer’s health. To prevent the smell from coming back, you should find and clean the source, and ensure good ventilation or use a dehumidifier to keep the air dry inside the house. It is important to clean your house regularly, especially areas where mold and mildew tend to grow. By doing so, you can eliminate the musty odor caused by mold and mildew and increase the value of your home.
High Utility Bills Due to Poor Insulation
Drafty windows are a significant cause of poor energy efficiency. According to the U.S. Department of Energy, they can account for up to 30% of your home’s heating and cooling expenses. Furthermore, drafty windows can make your heating and cooling systems work harder to sustain a comfortable indoor temperature by allowing cold air in during the winter and hot air in the summer. If you want to save on energy costs, consider replacing your old windows with more energy-efficient ones. New windows are better insulated and sealed, meaning they won’t let out as much heat or cool air. Upgrading from single-pane windows to double- or triple-pane windows can also significantly decrease your energy consumption. Be prepared to show your utility bills to a savvy home buyer who can quickly identify any issues with your home.
Other Important Factors That Can Affect Your Reading, Pennsylvania Home To not Sell
LoveProperty.com has identified a list of 35 reasons why selling a house can be challenging. Aside from the top reasons already mentioned, the list is quite extensive and includes the following:
- Worn and Stained Carpets
- Cramped, dark interior spaces
- Small or ugly bathrooms
- Small kitchen
- Low ceilings
- Crazy layouts
- Overgrown landscape
Awakened Homebuyers Is an Answer for Reading, Pennsylvania’s Difficult-to-Sell Homes.
If you have a home in Reading that matches these descriptions and you need to sell it, there’s no need to make expensive updates and repairs while still paying for insurance and taxes. Instead, get in touch with the friendly professionals at Awakened Homebuyers in Reading, Pennsylvania. We’re an experienced home buying business that can quickly provide cash for your house. Therefore, you won’t need to be concerned with maintaining it or dealing with any of the other aforementioned issues. Thanks to the simplicity and transparency of our system, you can expect complete clarity at every stage. Our 5-star reputation reflects our dedication to professionalism, fairness, and kindness. To reach us in Reading, Pennsylvania, give us a call at 717-690-1055 or fill out the short form on our website.