How to Sell a House without Spending Too Much on Repairs
Are you mulling selling a house that is in dire need of repairs? How can you do that without spending too much? Plenty of homeowners believe the only option is having a Realtor and selling their property without making repairs.
Going the old-fashioned route and using a Realtor to sell a house quickly with repairs is hard enough; but selling a house that demands repairs, especially big ones, is almost impossible for even proven real estate agents.
As the housing market constantly grows, buyers have become more cautious, with a variety of homes for sale. It is anticipated that six million homes are going to be sold for this year exclusively, the highest number within ten years. In other words, more time on the market and more aggressive competition should be expected by sellers.
Looking On The Bright Side of Houses
When selling a house that requires repairs, Realtors usually suggest decreasing your asking price to fast-track your home’s time on market. Theoretically speaking, this is perfect. The longer a house spends on the market, the more a homeowner spends for the home’s utilities, insurance and taxes. Your Realtor though could be more focused on selling and receiving money than selling your property at the right price to the right party. At times, using a Realtor is tantamount to giving up your home’s best chance for a sale. Using a Realtor also comes with commissions, surprise charges, and unwanted advice on property management.
Why Properties Aren’t As Bad As You Think
The Real Solution – Selling for Cash
If you’re thinking of selling a house fast with repairs by using contractors, don’t be surprised that you have to pay more fees, deal with more paperwork, and other hassles. With a realtor, the picture gets even more complex. The simplest and fastest solution is none other than selling the property for cash.
Sounds unorthodox, but it’s actually quite common in the market these days. Taking a cash offer means less struggles for the buyer, including a much quicker close.
This is obviously because there won’t be mortgage and banks to deal with. Additionally, cash buyers provide more stability for sellers. They are generally pre-approved prior to making an offer on your home. That means when a cash buyer is interested, there’s a sureness of sell that is unmatched.
Of course, the best thing about accepting a cash buyer is their intent to buy your property “as is.” Homeowners don’t have to worry about making repairs or making the house look more attractive. A cash buyer will just want your home the exact way it is, and will pay for it fairly.
So how should you sell a house fast if it has tons of repairs to be done? Stay away from expensive renovations, contractors and Realtors, and look for out cash home buyers.