• How to Sell a House As-Is When it Needs Repairs

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    Selling a home when it needs repairs and renovations can be challenging. You have to adjust your price expectations to take into account expenses the buyer will incur after buying the house, or budget to make those renovations before you sell. However, there is a way to sell your house without going through all the repairs yourself; it just takes research and strategy. This blog post will explore how you can still profit while selling an older home that requires work. Keep reading to learn more!

    Give All Details About Repairs Needed

    The first step is to be upfront and honest about the condition of your home. It is essential to provide potential buyers with an accurate picture of what needs to be done, so they can come in knowing exactly what they’re buying. Have a licensed contractor or home inspector inspect the house and create an extensive list of all repairs that need to be done.

    This list can be used when discussing the purchase price and will let buyers know what they’re getting into before they make an offer. You can get rid of clutter and create a more inviting atmosphere, but details about repairs will help buyers to understand what they need to do once the sale is complete.

    Price Accordingly

    You may get a partial market value when you sell a home in as-is condition. That’s why it is crucial to price your home accordingly. Consider the cost of repairs, any improvements you have already made, and how much comparable homes in the area are selling for.

    You should also be aware that buyers might use this list as part of their negotiation strategy, so be prepared to go back and forth.

    Sell to Companies that Buy Houses for Cash

    If you’re looking for a fast sale, selling your home to a company that buys houses for cash can be an excellent option. These companies can offer a fair price without needing costly renovations. You can escape the situation quickly and save money on home rehab expenses. Also, because they offer cash on the spot, you don’t have to wait months for the sale to go through.

    Offer Incentives for Buyers

    Another way to sweeten the pot is by offering incentives to potential buyers willing to take on the repairs themselves. These can include offering lower closing costs or paying a portion of the repair costs upfront. You could also offer an extended escrow period, giving buyers more time to come up with the necessary money for the repairs.

    Prioritize Minor Repairs

    Even if you’re selling as-is, it can still be beneficial for you to make minor repairs that don’t cost much money but can help make the home more appealing to potential buyers. Things like painting the walls or replacing broken light fixtures can go a long way in making your house look great and showing buyers that you care about its condition.

    The goal is to make the house as presentable as possible so buyers can make an informed decision. Carefully go over every detail to ensure it is up to par, and consider getting a professional opinion if you need more clarification.

    Selling a home in as-is condition can be done with the right strategy. Remember to be upfront about necessary repairs and price your home according to its current condition. The key is ensuring potential buyers understand what they’re getting into before committing. With research, patience, and effort, you can get the most out of your home, even in its current condition.

    partnered post • image by Scott Webb & Pexels

  • Some of the Repairs You Should Do When Moving Out

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    Homes play a significant role in our lives. Many people tend to be excited when they finally move out. When moving out, you should not be too carried away by the events, especially if you are planning to sell the house. Those that have tried selling their homes know that it is a struggle. Only a few lucky homeowners have sold their homes with no challenges. There are things you may require to do to increase your chance of making a sale at a good price. Below are some of the repairs you should consider when moving out.

    Holes in the Walls

    Making a sale when moving things out of the home is challenging because of various reasons. The true condition of the house may have been hidden by some of the items inside. When the house is nearly empty, buyers are most likely to see the damages on the walls. The first repair you should consider doing is to patch any holes in your walls. Make sure you patch the holes neatly to the point that a buyer may not notice. No one will be willing to spend a lot of cash on a house with holes in the wall.

    Paint

    It is essential to make the house you wish to sell be captivating. It needs to capture the attention of potential buyers. Many people are informed to paint their homes if they want to make a quick sale. Well, a little fresh paint will be significant in helping you sell your home. However, this does not mean that you have to repaint the whole house. Repainting a room or two may be all it takes. Make sure that you choose a neutral color when painting. You should consider getting more useful info from a professional on the type of color and paint to use.

    Cleaning

    Making your home look presentable is crucial when selling it. You should make sure that you take your time cleaning the house. Every room should be clean and tidy. This will make potential buyers view the home feel welcomed and at home. You can even hire a professional to help you clean up the place. Things like cleaning up the carpet or hardwood floors may require extra attention and skills.

    Fix Minor Plumbing Issues

    There are some repairs you can comfortably do yourself, and this includes repairing minor plumbing issues. Make a point of checking if there is any leakage in the kitchen sink, and if there are any, try to fix it. Another place that may need a minor plumbing fix is the bathroom. Many people tend to focus on the bathroom when buying a home. If there is a major plumbing problem, you should call a plumbing expert to be on the safe side.

    Conclusion

    Though doing the repairs mentioned above will help you sell your home, you should also consider hiring an experienced real estate agent. You should also consider remodeling some of the rooms like the kitchen and master bedroom.

    partnered post • cc-licensed image by Guy Kilroy

  • Realty Advocates: the under-pricing epidemic

    Brett Weinstein and Hal Feiger sell real estate in the San Francisco Bay Area. Their firm, Realty Advocates, advertises "full real estate services at reduced fees," and they really do approach their jobs as a trade and craft and not just a get-quick scheme – Hal is very active in the development of non-profit affordable housing in the area, and even found the synagogue I grew up with (Rabbi Burt officiated my Bar Mitzvah!), Kehilla, a permanent home in the East Bay. Brett, on the other hand, has worked as a carpenter and general contractor, and knows a lot more about quality construction than most of the agents I interact with. Basically, I’d buy a house from these guys.

    Recently, they added a blog to their site; one recent article caught my eye. Read the complete article at their site:

    You know the practice: suggesting, or going along with a seller’s
    idea, that the best way to obtain the highest price in the sale of a
    house is to deliberately ask a price that is well below what you expect
    it to sell for. A more odious variation: agreeing to list a property at
    a price the seller has told you he would not accept. You figure this is
    pretty safe: everything gets bid up these days. The SF Chronicle
    recently dubbed this the “under-pricing epidemic.”

    Sometimes this practice is blatant, as when the
    agent puts in the confidential remarks section of the MLS: “seller
    reserves the right to reject any and all offers.” Other times, it is
    hidden, as when offer day comes and you, the buyer’s agent, deliver the
    only offer. You are then countered at a price ten of thousands, and
    sometimes, hundreds of thousands of dollars more than the asking price.
    In essence, the buyer is being told to bid against himself.