How to Sell a House without Spending Too Much on Repairs
Are you planning to sell a house that requires a lot of repair? How can you do that without spending too much? For several homeowners, getting a Realtor and selling their house without doing repairs is their only choice.
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 housing market consistently grows, buyers have become more careful with a myriad of homes for sale. It is expected that six million homes will be sold only for this year, the highest number in a decade. Thus, sellers should expect more time on the market and stiffer competition.
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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. More time spent on the market means more money spend by the homeowner on the property’s insurance, taxes and utilities. 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 also comes with commissions, surprise charges, and unwanted advice on property management.
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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. Finding a cash buyer is most certainly the fastest and simplest solution.
This may seem unorthodox, but it’s actually quite common in the market nowadays. 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. 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 can you sell a house fast if there are too many repairs required? Stay away from expensive renovations, contractors and Realtors, and look for out cash home buyers.