When you are selling your home, you want to get the best price possible. If the home needs many repairs, this is not going to happen. Therefore, you need to take stock of all of the issues with the home and repair as many of them as possible before you even start the selling process. If you know there are a lot of repairs and don’t have the means to fix it, consider selling your house in “as-is” condition to an all cash buyers which are typically investors. Selling your house “as-is” simply means you do not have to make any repairs to sell your house.
Have a Home Inspection
The only way to know the full extent of the repairs needed for your property is to have a home inspection. The inspector will be able to come into your home and check the interior and the exterior for any major faults. For example, they can let you know if there are issues with the wiring, the plumbing, or even the structure of the home. This will help you to get a better idea of how much work, and how much money, you will need to put into the repairs.
Have the Professionals Take Care of the Biggest Issues
Homes that have large problems, such as the aforementioned wiring, plumbing and structural problems, need to have professional repair. This will ensure that the home is safe, and it will increase the sale value of the property.
When you are looking for contractors to handle the job, think about all of the issues the home has. In some cases, you may be able to find a single contractor that can take care of everything. Other times, you will need to work with several contractors that will specialize in certain areas. Always get estimates and talk with several contractors before you choose one. In addition, check to make sure they have all of their licenses, and that they have a good reputation in the business. You do not want to do business with a company that doesn’t follow through. If you don’t have the means or time to make repairs yourself, consider selling your house in as-is condition to a cash buyer investor.
Consider Some DIY Repairs
While you will need to work with contractors for some of the larger repairs, you can find quite a few of the “little things” can be done by you. You can take care of the painting inside and outside of the home, and you can make sure the landscaping is up to par. Replace the hardware on the cabinets, the locks on the doors and windows, and all of the minor repairs that you are able to do. This will help you to save some money, as you will only have to buy the materials and then complete the fixes on your own. Again, if you do not have the skill set, time, or money to do the repairs yourself, consider selling your house as-is to an investor.
Talk with Cash House Buyers
As previously stated, you might simply not have the money to put into the repairs before you sell the home. While this could be a problem if you are trying to sell it traditionally, you could always talk with real estate investors. If you are able to provide them with a good price, there is a chance they will buy the property with all cash in as-is condition meaning they will do all of the repairs. This is how they make a profit from the homes. Cash buyers will buy them, improve them, and sell them for market price.
In some cases, this could be a viable solution for you, but it will not always be feasible if you don’t accept that you will not get top value for your home. Still, it is worth considering if you can’t afford the repairs and you do not want to hold onto the home until you can.
While your home doesn’t have to be perfect before you sell it, you will want to get it as close as possible. Buyers look for houses that are upgraded with minimal repairs. If you repair the house yourself you will increase the asking price for the home, and it will make it far more attractive to the potential buyers that are out there. Many sellers find it less stressful and easier not to worry about repairing their homes themselves and instead sell in as-is condition to an investor.