Conventional wisdom tells us that we need to fix up our homes prior to selling them. This, we think, can help us attract more buyers. But even when a home is in immaculate condition, it can still take months to finalize the sale. And if you don’t have the time or money to spare, making repairs on a property you hope to sell can seem like a colossal waste.
Contrary to popular belief, selling a home in poor condition isn’t actually impossible. It may actually be easier than you’d think. Even if real estate agents have tried to warn you that selling a home in poor condition won’t work out in the end, there are other options to consider that can help you get a fresh start without lifting a finger.
Although Agents Might Tell You to Wait and Fix It Up…
Around 78% of recent homebuyers say they found their real estate agent to be a very useful source of information. However, it’s important to remember that an agent will have their own motivation for the advice they give.
If your home needs considerable repairs, a real estate agent will probably assume that the property will sell for less money. Although there are exceptions, most homebuyers won’t be willing to pay top dollar for a home that needs a lot of work. As a result, a real estate agent may try to convince you to put time and money into repairs prior to selling your home. This may not actually speed up the selling process, as the average home spends anywhere from two to three months on the market, but your agent may hope that their commission rate will be higher as a result of a more impressive final sales price.
Depending on the repairs that need to be performed, however, your return on investment may not be enough to warrant this spending. While some buyers do expect to see certain improvements, the pay-off may be less than you were hoping for. And if you’re already facing a financial burden, making repairs or upgrades can feel like a gamble you really can’t afford.
…You Can Sell a House Quickly, Even If It Needs Repairs!
You might assume that if your home needs major repairs, you can’t possibly sell it in its current condition. And while selling a home in poor condition may not be the ideal scenario for most real estate agents, the reality is that you don’t actually need help from a realtor to sell your home quickly.
The bottom line is that you don’t need to wait for repairs to be done before you sell your home. If you’re selling a house as-is, one of the most effective options is to work with a cash buyer. Home investors regularly buy homes that are in bad condition, meaning that they’re able to see the potential in a property — and that they don’t mind getting their hands dirty. Rather than spend your own money to fix up the home first, you can opt for selling a home in poor condition to a cash buyer. Not only will they extend a fast and fair offer for your property, but you’ll be able to walk away with money in your pocket in a matter of days — all without making a single repair beforehand.
If you want to learn more about selling a home as-is, our team is here to help. Contact us today to obtain a no-obligation, all-cash offer for your home or to find out why working with a home investor can be to your benefit.