Memphis properties face pipe and drain problems like everywhere else, but can you sell a house with plumbing problems? Bad plumbing often presents a major obstacle when selling a home in Memphis.
Alan Wright owns Pyramid Properties, and since he buys houses in Memphis for cash, he shares more about his buying process below.
Tennessee’s Disclosure Laws
Under Tennessee’s Residential Property Disclosure Act, the state legally requires sellers to disclose all known issues with their property, including plumbing problems. Alan explains that if a seller doesn’t choose to waive these requirements, any failure to disclose defects may lead to contract termination or legal liability long after the sale. Among other items, the state’s stipulations cover past or existing water damage risks, leaking pipes, and defective plumbing systems.
Home Inspections in Memphis
Buyers and their mortgage lenders often demand a professional home inspection during the home-selling process. Inspectors flag plumbing issues like corroded pipes, low water pressure, or sewage backups. Such negative findings could give a buyer leverage to request repairs, lower their offer, or back out of the deal entirely.
Repair Costs and Code Compliance
Agents or buyers often require sellers to repair leaks, replace pipes, or bring outdated systems to full code compliance. The expenses add up quickly, with no guarantee that the buyer will even accept the repairs. Lenders typically refuse to approve financing for homes with major plumbing concerns, as well.
Sellers who don’t want to deal with these delays and uncertainties on top of extended and stressful buyer negotiations may wonder about an alternative. Alan of Pyramid Properties recommends selling as is for cash.
About Pyramid Properties’ As-Is Cash Sale Alternative in Memphis, Tennessee
Can you sell a house with plumbing problems for cash? Yes. Despite plumbing trouble, unwanted ownership burdens, and foreclosure issues, local homeowners can sell their properties quickly and for cash to Alan of Pyramid Properties.
Pyramid Properties, Alan Wright’s Memphis-based real estate solutions company, offers hassle-free home sales without repairs, inspections, closing costs, or commissions. Memphis property owners may contact Alan Wright directly for a no-obligation cash offer. If you’re ready to sell your house fast for cash, call (901) 504-5555.