How to Sell a Home without Repair Expenses
Are you planning to sell a house that requires a lot of repair? How do you do that without bleeding your wallet dry? Plenty of homeowners believe the only option is having a Realtor and selling their property without making repairs.
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 expected that six million homes will be sold only for this year, the highest number in a decade. In other words, more time on the market and more aggressive competition should be expected by sellers.
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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 speaking, this is perfect. The longer a house spends on the market, the more a homeowner spends for the home’s utilities, insurance and taxes. 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. Occasionally, using a Realtor means robbing your home of the best opportunity to sell. 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 your plan is to sell a house fast with repairs with the help of contractors, expect more fees, more documentation and many other hassles. With a realtor, the picture gets even more complex. The simplest and fastest solution is none other than selling the property for cash.
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.
Obviously, this is because you can eliminate mortgage and banks from the equation. In addition, cash buyers offer sellers more stability. 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 most important advantage of accepting a cash buyer is their willingness to purchase your home “as is.” Homeowners don’t have to worry about improving the home’s aesthetics or functional value. A cash buyer will pay a fair price for your home no matter its present condition.
So how can you sell a house fast if there are too many repairs required? Avoid Realtors, contractors and costly renovations, and find yourself a reliable cash home buyer.