The Path To Finding Better Homes
How to Sell a House without Spending Too Much on Repairs
Are you planning on selling a house that is badly in need of repairs? How can you do that without spending too much? Some homeowners believe using a Realtor and selling their property without making repairs is the sole option.
Going the usual route and using a Realtor in order to sell a house fast with repairs is difficult enough; but selling a house that is in need of repairs, especially expensive ones, is nearly impossible for even seasoned real estate agents.
As the housing market consistently grows, buyers have become more careful with a myriad 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. Thus, sellers should expect more time on the market and stiffer competition.
What No One Knows About Sales
When selling a house that requires repairs, Realtors usually suggest decreasing your asking price to fast-track your home’s time on market. Theoretically, this is great. The longer a house remains on the market, the more its owner spends for its taxes, utilities and insurance. Your Realtor however could be more intent on selling and receiving the payment instead of selling your home to the best buyer at top price. There are times when having a Realtor means foregoing your home’s best chance of selling. Using a Realtor also comes with surprise unexpected fees, commissions, and undesired advice on managing your property.
If You Think You Understand Homes, Then This Might Change Your Mind
Selling for Cash – Why It’s the Real Solution
If your plan is to sell a house fast with repairs with the help of contractors, expect more fees, more documentation and many 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.
This may sound unorthodox, but it’s actually rather common in today’s market nowadays. Taking a cash offer means less struggles for the buyer, including a much quicker close.
This is obviously because the equation need not include mortgage and banks. Besides that, cash buyers provide greater stability for sellers. They are generally pre-approved prior to making an offer on your home. Hence, when a cash buyer shows interest, there’s a sureness of sell that is unparalleled elsewhere.
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 improving the home’s aesthetics or functional value. A cash buyer will take your home regardless of its condition, and will pay a fair price for it.
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.