Do I need to sell my house for cash? #1 in a series Electrical Systems

https://www.youtube.com/watch?v=nfnuNEV1c3g

If you are looking to sell a home that is 10 years or older issues can come up. Trying to determine if you should sell the retail route or sell your home for cash can be a hard choice. Many times these older homes will fail inspections and need to be brought up to current code costing the home owner a lot of money. Check out our whole series on getting older houses ready to sell. Going the retail route you may need to make these repairs yourself. Some lenders will not even approve the loan with outdated HVAC, roofs, or electrical systems. Sometimes finding someone that can buy your home for cash with 2 weeks to close is the best option.

We do offer both services since we are licensed. We are one of the few “we buy houses” companies that is able to give you multiple options to sell your home that best fits your situation.

 

Transcription

: Hey, guys. We’re here to show you some stuff about the electrical system. A lot of people are asking if their electrical system will pass for inspections if they have an old two-wire system, a case which is very common in old houses like this. You can tell we’re working on this one right now.

I’ll show you a couple things. Of course, the dead giveaway is if you only have two prongs and not the three prongs; but even if you have three prongs, it doesn’t necessarily mean that it’s a three-wire system to ground. I’m going to show you with this little tool right here how we check. You can tell that these two are not lit up, so this is a two-wire system. It’s not grounded properly.

You can replace these breakers with what is called arc fault breakers, which are these right here. Basically with a two-wire system, they’re saying it’s a much easier chance to get shocked. With that arc fault breaker that fixes that problem, that’s not the cheapest fix because they’re about $50 a piece and they need to be installed by a licensed electrician, obviously, but it is cheaper than rewiring the whole house.

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