If you are trying to decide whether to replace your roof before selling your home ask yourself these two questions.
- Will the roof prevent you from selling your home?
- Are you willing to lower the price of the home to compensate a buyer for the roof replacement?
When to Sell As-Is
If you are uncertain whether your existing roof will cause a problem for buyers, have a professional roofing contractor do a detailed inspection and estimate for needed repairs. A reliable estimate will help you determine if you can afford the repairs. If repairs are not needed, a professional opinion may calm the buyers’ fears.
If you simply can’t afford to pay for needed repairs to your roof or you do not want to delay listing your home for sale, be aware that this could result in offers being lower than expected since sellers will want to pay less due to a roof that needs to be repaired. Enlist the assistance of an experienced local real estate agent to help you price the home to attract the right buyers. If you’re lucky, selling as-is and pricing competitively to compensate for the roof will start a bidding war that ends in your favor.
How to know when to Repair Your Roof
A roof that is in need of thousands of dollars in repairs can have a huge impact on a buyer’s perception of your home. Homes that are well maintained tend to sell faster because they show better, and no new homebuyer wants to be faced with immediate repair expenses – especially a new roof. If you are facing a competitive housing market, repairs could mean the difference between making a quick sale and watching your home sit on the market for months.
If a buyer is utilizing a lender to purchase the home, roof repair is commonly a condition of loan approval. In this case, the cost of the repair will typically be your responsibility and will be necessary to close.
In conclusion, the decision whether or not to replace a roof before putting a house on the market is complex and requires taking all aspects of a given situation into consideration. The financial situation of the seller, the condition of the rest of the home, and even the time of year are all items to consider when deciding whether or not to make this type of investment in your home prior to selling.
Get a Professional Opinion
Williams Roofing Company is here to give you the information you need to make an educated decision about whether to repair or replace your roof prior to sale. Call us today at (831) 758-2749 for a FREE evaluation!