What do you do if you need to sell your home fast, but extensive repairs are out of the question, either because they’re too costly or too time consuming?
Experienced real estate agents say that busy home sellers have a variety of options in this scenario, including selling as-is, completing just minor repairs, and focusing on only the big-ticket items most buyers are concern about.
Below are a few options for selling a house that needs repairs, on a short timeline.
Here are a few tips from our Laguna Beach Real Estate Agents for listing a home quickly
Selling your home as-is typically means that you aren’t going to be spending time making any repairs — what the buyer sees is what the buyer gets. Be aware that a buyer may still ask for an inspection, however, your reputable agent can set the expectation that no major repairs will be created.
Of course, when you sell a house as-is, you will most likely have to accept a lower sale price than you would if you had completed some updates and maintenance prior to listing it.
Real estate experts suggest that you Inspect and disclose everything: Another alternative for selling as-is is to complete a pre-inspection and disclose everything discovered on the inspection report.
Again, you will most likely have to lower your price, but your agent can position your home as an incredible opportunity for investors, flippers, or people seeking a fixer-upper opportunity.
Complete Home Improvements
Only tackle the highest priority items: A handful of home buyers are okay with a home that needs some cosmetic fixes, If your time and budget are limited, consider putting your efforts on the most critical home improvement things — the sticking points that are most likely to make the deal go sour.
Foundation damage, mold, leaks, or a furnace replacement are just a few examples (more on these big-ticket items below). Furthermore, these fall under the category of “sprucing up” They’ll go a long way toward improving your curb appeal, which can make a drastic difference with buyers.
How Do I Sell My Home Right Away Without Completing Repairs?
Selling to a cash buyer or investor is alternative way to skip the renovations, and even bypass the listing process itself. The most crucial home improvements to finish prior to listing.
If you’re trying to get a price for your home that’s much better than “as-is,” contemplate tackling the big-ticket items that buyers are concerned about. Always remember, for most buyers, a considerable part of their available cash goes to their down payment, so a home that needs quick work may be out of reach.
If you happen to take care of the improvements, you may be able to ask a higher price for the home, covering the cost of the upgrades with your list price and making it more compelling to a broader group of buyers. Tackling problem areas now will also help you avoid post-inspection price reductions.
These are the most commonly known big-ticket items, including some that buyers — and their inspectors — could flag as safety issues:
Easy Upgrades to Sell Your Home Almost Instantly
Other than critical updates, we recommend that you think about the following easy things to do prior to selling your house. Many of these things can be tackled over a weekend prior to putting your house on the market.
- A fresh coat of paint, always in a neutral color
- Caulking in bathrooms and kitchens
- Improving lighting by adding fixtures or replacing bulbs
- Having the carpets professionally cleaned