As the DIY (Do It Yourself) home repair market accelerates to nearly $14 billion a year, some repairs just aren’t manageable for homeowners. When you’re trying to sell your home fast and simply, you may consider the choice to sell your home “as is.” While you might think you need to fix things up, it turns out you could be saving yourself time, money, and headaches by selling “as is.”
Here are four reasons to let someone else handle your problems.
No matter how much you love your home, it’s usually expensive to make repairs. Making repairs to a badly damaged or long-distressed home could cost you tens of thousands to confront. Some repairs come down to neglect while others are the natural result of age and environmental wear and tear.
If your home needs new plumbing decades after first installation, this is a natural result of owning an older home. However, it’s important to consider whether or not it’s worth fixing before you sell. Fixing plumbing just to sell your home means that you may be wasting money “patching up walls or floors” that get demolished later.
Selling “as-is” is often much less expensive than engaging repairs that set you back a small fortune.
The same goes for electrical work. Any kind of repairs that need to be done via dismantling walls or floors will cost you a lot more to put together than to just selling your home “as-is.” You don’t know what your potential buyer may want, so you might as well leave it to them to make those tough decisions rather than attempting to read their mind.
Keep an open mind when you’re considering making an “as-is” sale. A realtor may come up with clever solutions bringing you to a middle ground. If you’re able to find a way to mitigate problems in your current home has and then acquire money for a new home, you’ll be much better off.
There’s a up’s and down’s when it comes to to selling your home. Even if you know there are problems with your home, there’s bound to be emotional attachments. If people are chatting negatively about your home during walkthroughs, you’ll diminish sales opportunities if you get defensive with buyers.
Situations where you have to sell your home fast are stressful. Dealing with the seller of your new home and your current property along with the stress of moving is a lot to manage. If you or a loved one are ill when trying to sell a home, this only piles on to the difficulties.
Dealing with the selling process takes a determination and fortitude. There are many situations that are going to challenge your confidence, motivation to sell, and ability to push your home into, through, and off the market.
Before selling “as-is,” be sure you’ve looked into every other potential issue. There could be a way to sell your home to family or friends who will help you with repairs. If a realtor is able to keep you away from the stressful aspects of selling a home, you’ll be able to get a better price in the end.
Choosing to sell “as-is” is its own type of stress, so ask a cash buyer to help you prepare for this situation.
If you’re in a situation where you need to sell your home quickly, you’ll need to move quickly. This is your first “stressor.”
Your second stressor comes into play when you’re looking at the condition of your home and how realistically it can sell quickly. While there might be small repairs you can handle, there are usually major repairs required to any home before its placed on the market. Investment companies are great for this type of scenario however they come at a price.
Cash advances are good when you’re dealing with a tight schedule. Companies that have cash to put down can be a godsend when you’re looking to get rid of a property fast.
When you’re staring at huge repair bill, you can quickly become embroiled in a mess. We’re cash buyers. If we can reduce your stress, we hope to earn your business and so you can be on your way with money in your pocket.
When you sell a home on your own, you’re going to confront home inspectors. Investment companies who take on “as-is” properties know what inspectors are required to do for home inspections. Investors take on the stress of repairing and renovating properties so they easily pass inspections.
Negotiations between buyers and sellers are tough. One of the tools that buyers lean on is the inspection. If you’ve neglected repairs for a number of years, there are problems that are most likely lurking beneath the surface.
Letting a buyer know that the home is selling “as-is” still doesn’t get you off the hook. When this happens, the buyer is going to offer you a lower price. Rather than dealing with rank amateur negotiations, hand the keys to a company prepared to offer you a reasonable price for your “as-is” property and eliminate your stress.
If you really want to spare yourself some unnecessary stress, sell your home “as is.” It will sell quickly and easily when you hand over the wheel to a company that knows what they’re doing.
For some of the most common reasons a home doesn’t sell quickly, check out our latest guide.