You don't have to drive very far, these days, to come across a home that is in a veritable state of disrepair. Unfortunately, this is part of the sad new reality in housing. There are quite a few home owners who, for one reason or another, have fallen behind on regular maintenance and upgrades, and the result is that if you look around, you'll see what appear to be quite a few ugly houses.
Some home owners, given the current economy (and the number of folks behind on their mortgages), simply do not have the resources to keep up with regular home maintenance. Others are too busy scurrying in search of work, and maybe are working two or more jobs and simply do not have the time. While others might be, sadly, depressed about being trapped in a current catch-22; unable to afford the current monthly mortgage payment, but unwilling to sell a home that is worth (in some cases) up to 40% less than it was worth at the time of purchase. Depression in such a case sometimes empties home owners of energy and positivity, and results in an unkempt, distressed property.
An eyesore still has value…
If you fall into one of these categories, the fact is that your difficulties can be compounded by owning what is considered an 'ugly house.' But, nevertheless, an eyesore of a house still has real value in the eyes of an all-cash house buyer. If you are out of work and you own an ugly house, and you spend a good part of your day with the words "CASH FOR HOME" beseeching your subconscious, then you know how much stress can result from assuming that 'cash for home' is beyond your reach.
However, you should know that being the owner of an ugly home does not automatically exclude you from being able to procure cash for home. There is, in fact, many an all-cash house buyer out there who understands that, in most cases, an ugly house is simply the result of a collection of cosmetic deficiencies. Maybe the paint is old, faded and chipping. Maybe a window or two is in disrepair. Maybe it has been a few months since the lawn was mowed…No matter what it is that makes your house ugly, the fact is that it likely still would be an appealing property to an all-cash house buyer who understands that 'ugly houses' can be fairly easily and cost-effectively transformed into something entirely else.
Bigger issues should not dissuade you from getting cash for home
Let's say that there is a more substantial repair job required to give your house more value. Maybe there is a structural problem, or something that is a bit weightier than chipping paint and ugly window frames. If this is the case with your house, you still should not feel discouraged. The opportunity exists, right now, with everyone and their mother looking to break in and bet basement real estate deals, to get what you can and silent the 'cash for home' voice in your head, for once and for all.
You definitely want to consider selling your house if you are struggling with your mortgage and the house is in need of major repairs. Some will say that you should not try to sell right now, no matter what. But, if you are struggling, and your house is in major disrepair, then the writing is on the wall. Because of all the folks looking for deals right now, you actually do have some leverage. And you'll be better off selling to an all-cash house buyer, and getting cash-for-home/cash-in-hand, than you would be if you tried holding on.
To try and hold onto a home you cannot afford, that is in need of major repairs, is akin to being in a deep state of denial. That will get you nowhere. At least, with cash-for-home/cash-in-hand, you'll be able to get out from underneath the stress of the burden and start fresh!
