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 do you do that without bleeding your wallet dry? For several homeowners, getting a Realtor and selling their house without doing repairs is their only choice.
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 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. Thus, sellers should expect more time on the market and stiffer competition.
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When selling a house that badly needs repairs, Realtors normally suggest reducing your asking price to cut down your home’s time on market. Theoretically speaking, this is perfect. The longer a house remains on the market, the more its owner spends for its taxes, utilities and insurance. Problem is, your Realtor may be more concerned with selling and getting payment than selling your home at the best price to the best buyer. There are times when having a Realtor means foregoing your home’s best chance of selling. Using a Realtor is also accompanied by unexpected charges, commissions, and unsolicited advice on how to handle your property.
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The Real Solution – Selling for Cash
If you’re planning to sell a house fast with repairs by hiring contractors, expect more fees, paperwork, and other complications. The picture becomes even more complex when you throw in a realtor. Selling the property for cash is the easiest and fastest solution.
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.
Obviously, this is because you can eliminate mortgage and banks from the equation. Additionally, cash buyers provide more stability for sellers. They are generally pre-approved prior to making an offer on your home. Therefore, when a cash buyer is interested, there’s a sureness of sell that cannot be paralleled elsewhere.
Of course, the best advantage to having a cash buyer is their intention to buy your home “as is.” Homeowners don’t have to worry about improving the home’s aesthetics or functional value. A cash buyer will just want your home the exact way it is, and will pay for it fairly.
So how do you go about selling a house quickly when there’s a lot of repairs needed? Skip costly renovations, contractors and Realtors, and go for cash home buyers.