Understanding Options

How to Sell a Home without Repair Expenses Are you planning on selling a house that is badly in need of repairs? How can you do that without spending too much? Plenty of homeowners believe the only option is having a Realtor and selling their property without making repairs. Going the conventional route and using a Realtor to sell a house quickly with repairs is challenging enough; but selling a house that requires repairs, especially key ones, is almost impossible even for veteran real estate agents. As the housing market constantly grows, buyers have become more cautious, with a variety of homes for sale. It is expected that six million homes will be sold only for this year, the highest number in a decade. In other words, more time on the market and more aggressive competition should be expected by sellers.
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When selling a house that badly needs repairs, Realtors normally suggest reducing your asking price to cut down your home’s time on market. Theoretically, this is great. More time spent on the market means more money spend by the homeowner on the property’s insurance, taxes and utilities. Problem is, your Realtor may be more concerned with selling and getting payment than selling your home at the best price to the best buyer. Occasionally, using a Realtor means robbing your home of the best opportunity to sell. Using a Realtor also comes with commissions, surprise charges, and unwanted advice on property management.
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The Real Solution – Selling Your House for Cash If your plan is to sell a house fast with repairs with the help of contractors, expect more fees, more documentation and many other hassles. Throw in a realtor and you have an even more complex picture. The simplest and fastest solution is none other than selling the property for cash. This may seem unorthodox, but it’s actually quite common in the market nowadays. A cash offer means the buyer will have less struggles, and you will be offered a much quicker close. This is obviously because the equation need not include mortgage and banks. Additionally, cash buyers provide more stability for sellers. They are generally pre-approved prior to making an offer on your home. Therefore, when a cash buyer is interested, there’s a sureness of sell that cannot be paralleled elsewhere. Of course, the most important advantage of accepting a cash buyer is their willingness to purchase your home “as is.” Homeowners need not think about repairs or giving the house a facelift. A cash buyer will just want your home the exact way it is, and will pay for it fairly. So how should you sell a house fast if it has tons of repairs to be done? Skip costly renovations, contractors and Realtors, and go for cash home buyers.