Should You Fix Your House Up or Sell Now?
If you have resolved to sell your home, you can either decide to repair it or not. Repairing your home is a great way to attract potential customers. This is because most home buyers don’t want to purchase a home with any issues. However, you can forego this option and sell your home as is.
This process is usually simple and straightforward, as the buyer will purchase your property in the condition it is in. Although selling your home without repairs is suitable, it will end up making you a low profit. Whether you decide to fix your house up or sell now, you should contact a
we buy houses Port St Lucie company as they can answer vital questions you may have and help you avoid confusion.
What Does It Mean to Sell Now?
Selling a house now means you will not complete any repairs and that the interested buyer will purchase the home in its existing condition. Even if a home inspector identifies major repairs, such as a falling roof, you will not be required to complete these repairs or give any credits to make up for it.
Should You Fix Your House?
When you have stayed in a house for many years, it’s easy to ignore certain chores or maintenance. In the long run, this could result in your home needing multiple repairs. In most situations, you should fix your house before putting it on sale. A modern and properly maintained home is more appealing to buyers who want to move in and start living a normal life.
This means if your house is well maintained, it will turn a higher profit and sell more quickly. However, if you’re in a situation where you need to move quickly, selling your home to a we buy houses Port St Lucie FL company is the best option. For instance, if your home is foreclosed upon, selling it now can help you avoid foreclosure. If you’re not faced with such circumstances, however, deciding whether your home needs repairs before being listed can be problematic.
If you’re not sure if your home can sell in its current condition, you should consider visiting open houses in your area. This will give you insight into how the local real estate market is.
What Are the Common Repairs You Should Make Before Selling?
There are repairs that are more worthwhile than others. To figure out which should be completed first, you should write all the fixes your home needs and identify the ones that will add the most value. In this case, you can seek the opinion of a real estate agent. Repairs that will add value to your home when selling include:
- Roof repairs
- Repairing holes in the walls and ceilings
- Replacing broken appliances
- Repairing the HVAC system
- Repairing plumbing issues
- Replacing damaged carpets
- Updating electrical systems
- Replacing broken window glass
- Painting the interior and exterior
When deciding to repair your home or not, it is vital to work with a realtor. These realtors have the experience to quickly and easily identify areas that will increase the value of your home without making you spend too much money.
Who Buys Homes That Are Not Repaired?
Poorly maintained homes don’t usually appeal to most buyers. However, there are many investors that will be willing to purchase your home. For instance, we buy houses Port St. Lucie companies search for properties in need of repair. They then buy the property below fair market value and then fix it to make a return.
These investors don’t care about the condition of the house because they are willing to put in the work needed to restore your home. In addition, there are buyers who are looking to own a home at an affordable price. These are buyers who intend to fix the property in the future and live in it. These buyers will complete the necessary repairs, such as fixing the bathroom and the kitchen, to have their dream home.
How Do You Sell a Home Without Repairing It?
If you want to sell your property without fixing it, ensure you’re clear in the description of the home. In the description, say that you’re selling your home in the condition it is in and that repairs are not negotiable. You should also ensure that you price the house accordingly. If the repairs needed might exceed $80,000 when fixing, cut the cost to reflect that.
Further, it is vital to inform the
we buy houses Port St. Lucie FL company of any significant issues with the property, such as mold or water damage.
Easy Upgrades to Sell Your Home Fast
Beyond the critical updates that you will not be doing, think about easy things to do before selling your home to a we buy houses in Port St. Lucie company. Many of these things can be completed over a weekend before putting your house on sale.
- Paint your home in a neutral color
- Add a waterproof filler and sealant in the bathroom and kitchen
- Improve lighting by adding fixtures or replacing bulbs
- Have the carpets professionally cleaned
These are upgrades that won’t cost you a lot of money but will slightly improve the value of your home.
How to Market Your Home
As recently as Q1 2022, 98% of real estate agents said that they were in a “seller’s market,” according to a HomeLight survey of over 1,000 top real estate agents in the U.S. For the past 12 months, more than 94% of agents have reported seller’s market conditions for their area. As of this writing, there is no serious shift to report. Therefore, if you’re looking to sell your house now, you can check its estimated value online or contact a real estate agent. This will help you understand the status of your local real estate market. In addition, when listing, focus on the positives even if your home needs some improvements. The positives include things like location, floor plan and lot size. In addition, you should use keywords that count when listing your home.
Your listing description should be full of the features buyers appreciate, such as landscaping and spotless.
Endnote
When making the decision to sell your home, you should consider if you have the money and time to complete the necessary repairs or if you will sell it in its existing condition. Even though repairs can be costly, they will significantly improve the value of your home, meaning you’ll sell at a higher price. Selling your house to a
we buy houses Port St Lucie FL company on the other hand, is a great way to complete the sale process as fast as possible. Go through the information highlighted above to make an informed decision.
About the authors
William Xu & Taylor Wing
Meet William Xu and Taylor Wing, the dynamic duo behind Black Knight Property Solutions, your go-to cash home buyer in Port St. Lucie, FL. Passionate about helping homeowners who are facing difficult situations, William and Taylor are committed to providing fast and fair solutions that meet their clients' unique needs. With their unwavering dedication and entrepreneurial spirit, they have built a reputation for delivering exceptional service and results. Their love for their community and desire to make a difference drives their work every day. Trustworthy, reliable, and compassionate, William and Taylor are your partners in real estate, no matter what your circumstances may be.
We here at Black Knight Property Solutions are dedicated to getting the most cash possible into your pockets for your home as-is, so that you can get the most out of this situation and prepare to move on. We will buy houses in any condition without you needing to fix your home before sale.