There are many benefits of selling a fixer-upper.

Selling a  house can cause a lot of stress and headache.   There are the Realtor fees, advertisements and the home inspections.  These can all be costly and time consuming.  If the house you are wanting to sell needs work, is it worth it financially to get it in selling condition?

Some questions to ask yourself when preparing to sell your property are:

Will I make more money if I fix the house up or if I sell it as is?
Do I have the finances needed to make the necessary repairs?
If not then how do I sell my house when I can’t afford to fix it?

It is necessary to make your home attractive inside and out to get top-dollar for a sale.  Small issues like wall color and replacing the appliances can be inexpensive and might not hinder a sale.  Structural issues that are expensive to repair such as plumbing, electrical or foundation must be made.    Remember that sometimes major repairs are only found after a thorough home inspection.

   When you are trying to sell a house fast that needs repairs, consider the harder to find repairs and what consequences it may mean for the buyer.  Most buyers will not pay the full asking price assuming that everything they can not see is in proper condition.

     It most cases it is much easier to sell a house faster after repairs have been made.  Is there a way to make structural repairs without emptying our finances?  Many times sellers make use of contractors.  Many contractors are able to handle small damage and short renovations.  However, to many have transformed beautiful houses into disasters or Frankenhouses.

CNN Money’s staff writer Les Christie says Frankenhouses are homes that feature renovated eyesores. Some of these are “pipes running through living rooms and bedrooms strung together like garlic cloves”.

   These types of houses offer buyers dysfunctional finishes and floor plans.  Most times they offer dreadful color schemes and downright inconsiderate room repurposing.   They are unappealing to most homebuyers and end up on the market for much longer periods of time.

   Using a contractor on a home that needs a lot of work to sell often comes with a steep price tag.  It also takes more time between the listing period and the closing date.  The best case scenario is the contractor does extraordinary work within the agreed timeframe.

   Is fixing major structural defects like roofing, pluming. septic system or foundation issues you want to work on?  It will mean spending thousands of dollars before you are even able to list your home on the market.

  You also need to be careful when renovating your home with contractors before you sell it because it can put off potential buyers.  When looking at cosmetic repairs, you are faced with highly stylized improvements that require the right individual tastes.  A style you like could be a deal breaker for a home buyer.

  You could sell to a Realtor As-Is

Many homeowners decide to hire a Realtor and sell their house without making any repairs is their only option.

Going this traditional route and using a Realtor to sell your house fast with lots of repairs can be tough enough; but selling a house that needs repairs including major ones, is almost impossible.

Jonathan Smoke, Chief Economist for Realtor.com, buyers have become more selective with a plethora of homes for sale.

Smoke predicts that six million homes will be sold this year alone, the highest amount of homes sold in a decade. With that kind of supply, sellers must expect more time on the market and fiercer competition.

      When you are trying to sell a house that needs repairs, your Realtor will often suggest you lower your asking price in order to shorten the time your house is on the market.   This can be great in theory.  The more time your house is on the market, the more you are spending on the mortgage, utilities, taxes and insurance.

    Using a Realtor also comes with added fees like commissions.  Yahoo! Finance’s Mandi Woodruff estimates that even after paying the buyer’s commission – generally 3% – For Sale By Owners (FSBOs) cut selling costs in half by avoiding their own broker’s commission. With a median household cost, cutting out a Realtor saves thousands!

Our Stress Free Option

If you are looking for a stress-free simple solution to selling your house look into a cash buyer.  No need for you to worry about making all those many needed repairs or paying commission.

   This may not seem unusual, but it is very common in today’s market.  In 2012’s Investment Issue of Forbes Magazine they said about 30 percent of homebuyers used 100 percent cash when purchasing.  This number has increased over the years.

  With the ability to skip the mortgage process cash buyers are able to offer a much quicker close.  With a cash buyer you are able to avoid banks and close and receive payment within about a week as opposed to the normal 30 days.

   The number one advantage to accepting a cash buyer is their wish to buy your house in as-is condition.  That means you don’t need to worry about those major repairs or updates.  The cash buyer wants your home the exact way is is and will offer fair market value.

  We would love the opportunity to talk to you about your house and situation.  We are here to help even if you make the decision to not sell your house.

Please contact us at 832-271-8184 call or text.  🙂  For a recorded line in English and Espanol please call 713-714-4960 (Vende tu casa)