2 Reasons You Should Sell a House Without Repairs

Written by Posted On Saturday, 06 April 2019 06:41

Can I sell my house as is? What repairs should I make to recoup the investment? How much money is too much money for renovations? Homeowners trying to sell their home are often plagued with doubts such as these and more! Fixing the house before a sale makes sense but not always. For one, when you’re strapped for cash and banking on a sale to pull you out, spending on repairs does not make sense. Also how can you predict which repairs the homeowners would like? This is why some people prefer to sell their house without repairs. Some of the advantages associated with selling a house as is include:

Some Homeowners Prefer a Blank Canvas:

People with a creative streak prefer homes that offer an opportunity to build a dream home—one customized to their tastes and preferences. Rather than spend money on renovations that will eventually be knocked down, it makes sense to sell the house without repairs. In fact, some realtors put out homes that they claim are a “handyman’s special” or a “DIYer’s dream project” and price them accordingly. A written disclosure will list all problems in the house so that buyers know exactly what they’re getting into; these also prevent a deal from being sprung on an unsuspecting buyer at the last minute. However, you may still have to spend time and money sprucing up the house.

A home that looks visibly in disrepair could put off potential buyers who are likely to be worried about any underlying issues that are not worth risking. If you really want to sell the house without repairs, consider fast homebuyers. They buy homes as is, spend on essential repairs and renovations, and then rent or sell the home at a higher price. While it’s true you could do this, their experience gives them the edge to understand what kind of repairs will give a better return on investment.

As for sellers, they get paid in cash and in as little as two weeks. Besides, you don’t have to worry about the junk hauling either—you can leave home with the things you want while they take care of what’s left.

Spending on Home Repairs Is Risky:

Some homeowners are lucky; they don’t need to spend on anything except a few cosmetic changes like a fresh coat of paint, new furnishing and fixtures, etc. But what if yours is an old home with telltale signs of aging like leaking roofs or dated heating and wiring? Common sense would dictate that we spend money on these repairs and add the cost to the asking price. But what if the buyer does not want a new roof, especially if it isn’t leaking? Or what if  they are not bothered about the old heating system as long as the home is selling for the right price? In such situations, it makes sense to include the cost of repairs as part of the asking price rather than incur expenditure in anticipation of a higher price.
Buyers may also differ on  how they approach the amount of money required for repairs—while some wouldn’t hesitate to spend thousands of dollars, others are content with spending only a few hundred dollars.

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