The Best Way To Sell A House As-Is When It Needs Repairs
If you have a property that is in less than ideal shape but you are also ready to sell, you should see why you should sell your house as-is. There are several times when it makes the most sense to sell it the way it already is, such as when you need to be out of the house quickly so that you have the equity to make a sizable down payment on a new home. But there are some things that you should do to make your house more appealing to potential homebuyers, who might often be looking for a house that's move-in ready. These are some tips that you should keep in mind.
List the House with "As-Is" Clearly Stated
When you want the listing to attract homebuyers who are willing to put in some elbow grease for a good price on a house, you should definitely make it well-known that this is an as-is property. Hopefully, this will help attract people who will be serious about the property rather than people who will ask for thousands of dollars in renovations.
Disclose All Flaws
This is a time that it makes sense to tell any potential buyers about all of the flaws that you find in a pre-inspection report. While a long list of flaws is going to be a deal-breaker for some people, others are going to compare the flaws with the price that they'll pay for the house with how much the repairs will cost and what they could make off the sale of the house once the repairs were made.
List the Price of the House Accordingly
Because you already know that there are some problems with the house, you should price it with the amount of what it would cost to repair the issues already taken off from the price. Not only does this make the sale seem fairer to potential buyers, but it also makes it more likely that more potential buyers will be drawn in.
Some Repairs You Might Have To Do
While you're trying to get out of a house without spending the time and money to fix everything first, there are a few systems around that you might need to fix in order to make the house safe. For instance, if the house has an outdated electrical panel or one that isn't adequate for the amount of energy that the home uses, you should think about upgrading because an inadequate electrical box can be a safety hazard. Replacing the roof is another project that you might not want to put off, especially if you're going into a wet time of the year because a roof that's leaking can cause thousands of dollars in damage. Repairing pipes, fixing sewer problems, addressing mold and water damage, and taking care of termite problems are other issues that you might need to address before you sell.
If you're selling your home in Lakeland, know that we buy homes in Polk County. We're one of only a few real estate companies in Lakeland that are on your side when you want to sell your current house.