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Are you thinking of selling your house to repay all your debts so that you can start life a fresh? This is when you will regret the fact that you did not maintain your house properly. Your house may be in such a poor condition that a proper renovation expert may be required to make a worth selling.
If you try to sell a poorly maintained house, chances are high that you will have to reduce the price significantly to attract buyers. People will not hesitate to pull down the value of the house by citing its current condition as an example. Poor maintenance will indicate towards presence of structural defects.
Whether these defects exist or not is irrelevant. Buyers will get an opportunity to negotiate with scant regard for the actual value of the property. Regular maintenance is an investment that will yield fantastic returns during troublesome times. When you are trying to sell your house, you may discover that you just need a coat of paint and you can finalize the deal almost immediately.
This will give you a strong position to bargain despite your financial difficulties. On the other hand, being forced to spend a lot of money to make the house presentable will automatically complicate matters. You may not have sufficient cash in hand and may be forced to delay the decision until you get some windfall income.
This may push you into an even tighter position and you may be forced to sell the house at basement prices simply because of your desire to avoid bankruptcy. Maintain real estate properly and you will always enjoy benefits in the long run.