Selling a Home without Spending for Repairs
Are you mulling selling a house that is in dire need of repairs? How is that possible without spending that much? Some homeowners believe using a Realtor and selling their property without making repairs is the sole option.
Going the conventional route and using a Realtor to sell a house quickly with repairs is challenging enough; but selling a house that requires repairs, especially key ones, is almost impossible even for veteran real estate agents.
As the market grows consistently, buyers have become choosier with an abundance of homes for sale. It is expected that six million homes will be sold only for this year, the highest number in a decade. Sellers must therefore expect more time on the market and stronger competition.
What You Should Know About Sales This Year
When selling a property in need of repairs, Realtors generally propose driving down your asking price to quicken your home’s time on market. This is good, theoretically speaking. 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 is also accompanied by unexpected charges, commissions, and unsolicited advice on how to handle your property.
Getting Down To Basics with Options
The Real Solution – Selling Your House for Cash
If you’re planning to sell a house fast with repairs by hiring contractors, expect more fees, paperwork, and other complications. Throw in a realtor and you have an even more complex picture. 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. A cash offer means the buyer will have less struggles, and you will be offered 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 normally pre-approved before they make an offer on your property. Therefore, when a cash buyer is interested, there’s a sureness of sell that cannot be paralleled elsewhere.
Of course, the most important advantage of accepting a cash buyer is their willingness to purchase your home “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.