Are you looking to get out of a house that needs more repairs than you can handle?
Selling a house comes with its own set of stressors. But selling a house as is that needs work can make things more complicated.
It doesn’t have to be though. If you abide by the following 7 tips, you’ll have a less stressful experience:
- Use a Real Estate Agent for Selling a House as Is
If you think an agent isn’t going to be interested in selling your home, think again. There are agents who actually specialize in selling homes that aren’t picture perfect.
Take the time to find them because they know all the most effective marketing strategies for how to sell a house as-is.
- Have No Secrets
Unless you sell to a “we buy houses” company, it’s essential you are transparent with potential buyers.
You’ll need to disclose any problems right out of the gate. Serious buyers can easily walk away from the deal if they find out later about some big problems during the home inspection.
- Get an Inspection Before Listing
It’s worth investing the small amount of money required to have your home inspected. Although you may be aware of some of the more obvious problems, there are other issues of which you may be unaware.
A home inspector could uncover a serious defect you didn’t know existed. You’ll also want to be able to tell potential buyers about it.
- Do What You Can With Big Repairs
If you’re selling your house as-is, you may not have the time or the funds to tackle some of the bigger repairs.
But if you can handle some of them, it will increase your chances of selling your house. For example, replacing a roof that’s falling apart or repairing old pipes could give you a solid return on investment.
- Take Care of the Small Stuff
Even if you can’t replace the HVAC system, there are a few things you can do to boost the aesthetics of your home.
Recaulk your bathrooms and kitchen, get your carpets professionally cleaned, and put a fresh coat of neutral-colored paint on your walls.
- Inform Potential Buyers of Repair Costs
Whichever repairs you’re unable to handle, price them out so you can give potential buyers an idea of how much they’ll have to spend.
This shows that you’re serious about selling your home and it will also help to build trust.
- Price It Accordingly
Even though your as-is home can be purchased by buyers using rehab mortgages, it’s still going to have to be appraised.
If the home appraiser finds that the condition and functionality of your house don’t meet certain standards and they appraise it for lower than your asking price, the lender will probably not approve the mortgage.
Sell Your House Faster
Selling a house as is doesn’t have to be a long and arduous experience.
Simply follow the above steps and focus on the positive aspects of your home. You’re bound to find someone who gives it the care it needs.
For more great tips on real estate, keep checking back with our home blog.