How to Sell a Home without Repair Expenses
Are you planning to sell a house that requires a lot of repair? How is that possible without spending that much? Some homeowners believe using a Realtor and selling their property without making repairs is the sole option.
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 market grows consistently, buyers have become choosier with an abundance 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 badly needs repairs, Realtors normally suggest reducing your asking price to cut down your home’s time on market. Theoretically, this is great. The longer a house remains on the market, the more its owner spends for its taxes, utilities and insurance. 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. Occasionally, using a Realtor means robbing your home of the best opportunity to sell. 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 thinking of selling a house fast with repairs by using contractors, don’t be surprised that you have to pay more fees, deal with more paperwork, and other hassles. Throw in a realtor and you have an even more complex picture. 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. A cash offer means less struggles for the buyer, and a much quicker close.
Obviously, this is because you can eliminate mortgage and banks from the equation. Additionally, cash buyers provide more stability for sellers. They are generally pre-approved prior to making an offer on your home. Therefore, when a cash buyer is interested, there’s a sureness of sell that cannot be paralleled 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 making repairs or making the house look more attractive. A cash buyer will just want your home the exact way it is, and will pay for it fairly.
So how should you sell a house fast if it has tons of repairs to be done? Skip costly renovations, contractors and Realtors, and go for cash home buyers.