Do You Really Need to Repair Your Home Before Selling? (Spoiler: No!)

At one point or another, most Americans decide it’s time to move to a new home. Whether you’ve recently gotten a new job, are facing foreclosure, have decided to downsize, or are going through a divorce, starting this fresh chapter can be both exciting and stressful. And for many people, time is of the essence. While some might have the luxury of waiting around for the perfect offer, others may feel a significant amount of pressure to sell as quickly as possible in order to start anew.

The problem here is that some sellers believe that the only way to sell their home quickly and for top dollar is to ensure their homes are in pristine condition upon listing their home. Unless your property happens to be in incredible condition and already have all the necessary bells and whistles, that can throw a wrench in your plans to list and sell quickly. You might feel you’re faced with a choice: either list your home as it is and risk slowing down the already-arduous process or spend time and money upfront making upgrades and hope that it makes a meaningful difference in the offers you’ll receive.

Ultimately, that might seem like a no-win situation. After all, who wants to invest in a home they’re planning to move out of? Not only does that seem like a waste of cash, but it also presents a problem for current owners who don’t have a considerable amount of expendable income to devote to this task. If you’re facing any kind of financial hardship or your assets are tied up in other properties, it can be extremely difficult to afford these upgrades and repairs. Even if your agent stresses that you’ll likely make a good portion of your investment back once you sell, there aren’t many upgrades that offer a 100% ROI. In other words, you might end up losing money after all is said and done.

Aside from the financial factor, it’s important to remember that all of this takes time. It might seem like you can sell your house in a matter of a few weeks, but the reality is that it usually takes a lot longer. Even under the best of conditions, the average amount of time it takes to sell a home is 65 days — or over two months! And that doesn’t even include the time you’ll spend restoring your home and preparing for it to be listed. Aside from making repairs and other improvements, you’ll have to stage your home, take listing photos, and put many of your items in storage if you want to appeal to buyers. That will require even more money and more time — thus delaying your plans even more.

How Home Investors Can Stop Delays

What you might not realize is that there’s another option to consider when selling your home. You don’t have to choose between spending thousands on repairs and waiting several months to receive a below-asking-price offer. A third option is to work with qualified home investors.

Home investors are different from both conventional house buyers and real estate agents. Rather than working with an agent — who acts as a middle man between the buyer and seller — you can sell your home directly to home investors. But unlike a buyer who plans to move in, home investors will take on the property, make any necessary improvements, and then sell it to an interested buyer. In essence, they’ll handle all of those burdens typically associated with both buying and selling a property. That means you won’t have to devote time or money to fixing up your home prior to selling it.

Even more importantly, cash home investors will extend a fair offer for your property right away. If you decide to accept this offer, you’ll work with the investor to determine when closing will occur — allowing you to have control over how quickly you move out and how quickly you can walk away with money in-hand. Instead of waiting several weeks or even months to finalize the details of the sale and for the check to clear, you can often get the closure and financial freedom you need in a matter of days.

In short, you don’t have to fix up your home prior to selling — nor do you have to risk keeping your home on the market for months without a single offer. By working with an investor, you can obtain a fast and fair offer for your home with no updates required. For more information on how we can help you get that fresh start you deserve, please contact Problem Property Pals today.

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