Can Pests Affect Your Property’s Worth?

When it comes buying and selling homes, people talk about many factors that can affect prices but most of them are just typical market related indicators. Aside from the market condition, selling season, and location of your property, there are many internal factors that may hamper the overall value and worth of your real estate property. Pest problem and infestation is one of the biggest issues that can either prevent the sale of a real estate property or force you to sale for much less than it should worth.

One of the major reasons as to why pest issue hampers the sale is because buyers tend to look for homes they can live comfortably in. That is not quite possible when there are bugs and rodents roaming around. Moreover, most pests actually cause damage to the aesthetics as well as the foundation of the property, and it is something that can easily be detected during an inspection. There is simply no way you can keep pest issue a secret from smart buyers. The only buyers who might buy your pest infested property are likely to be flippers, who are known for buying for less than a property’s actual worth.

So, if you know you have a pest problem, don’t go on hoping that it won’t affect your sale. Make sure you have eradicated the issue before you put your property on sale and open doors for visitors and buyers. For more information on how you can enhance your property to get the best rates, get in touch with our real estate experts.